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If a CEO of a Biotech company working on alzheimer drug says
“We have a core group of institutional investors who have seen the data, done their homework and said ‘Wow — if this data replicates this is the next fill-in-the-blank, Google or Tesla.’”
In addition to this the CEO of Cassava sciences himself owns over $100 million worth of shares and says “I know the science, I know the data, I know the disease and this stuff looks promising and I’m putting my money where my mouth is.”
And then later on company announces that we are releasing our Alzheimer drug data at the end of July.
Similarly another board member recently bought 150,000 shares now worth of over $13 million and still holding.
Cassava Sciences ticker symbol SAVA is set to present first of its kind phase 2 clinical results, of its blood-based investigational diagnoses of Alzheimer’s disease SAVA DX, that no other company on this planet is developing… if this was not enough of a surprise Cassava Sciences will be presenting the 9-month data of its candidate Alzheimer drug Simufilam in the Alzheimer’s Association International Conference (AAIC), in Denver scheduled on July 26, 2021 through July 30, 2021.
Important points to note “Institutional investors are interested, CEO not selling a penny of his 100 million dollarworth of shares, another director bought 150000 shares before july data release now worth 13 million and management is to present their Alzheimer’s Drug data at the occasion of Alzheimer Association International Conference….. Why someone would have a bad data and still present it at the most prestigious conference and risk 100 ofmillions worth of shares??
Now knowing all the information what you can expect from this data presentation?? I dontknow abou your decision but after analyzing the information I would expect or hope for a positive data…..
The purpose of outlining all this information in front of you is to show you the basis of my optimism about this stock…. I am just sharing information that I collected based on my rigorous research….. You need to do your own due diligence.
DISCLAIMER: Note that I am not a financial adviser and you should do your own due diligence before making any decision. I just share my views. I do not recommend basing any investment decisions on my videos. My videos are only made for educational and entertainment purposes.