Cassava Sciences announces closure of DOJ investigation

Cassava Sciences (SAVA) announced that the U.S. Department of Justice Fraud Section has closed its inquiry into the Company regarding allegations of research misconduct as described in the indictment in United States v. Wang, 8:24-cr-000211-TDC. That indictment was dismissed with prejudice by DOJ on October 23, 2025. As previously disclosed, the Company reached a settlement with the U.S. Securities and Exchange Commission of negligence-based disclosure charges in September 2024 and paid a monetary penalty without admitting or denying the SEC’s allegations. The Company cooperated fully with both the DOJ and SEC investigations. These outcomes end the investigations of the Company by the DOJ and SEC.