Cassava Sciences

Cassava Sciences

SAVA
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SAVA · Stock Price

USD 1.36-0.41 (-23.16%)
Market Cap: $65.7M

Historical price data

Market Cap: $65.7MPipeline: 11 drugs (3 Phase 3)Founded: 1998Employees: 11-50HQ: Austin, United States

Overview

Cassava Sciences is a mission-driven biotech focused on developing transformative treatments for Alzheimer's disease, a market with profound unmet need. Its core strategy is built on a unique scientific platform targeting altered filamin A (FLNA) protein to stabilize disease pathology. The company's primary achievement is the advancement of its lead drug, simufilam, into two large, global Phase 3 efficacy and safety trials. Cassava's strategy hinges on successfully demonstrating simufilam's clinical benefit to secure regulatory approval and address a multi-billion dollar market.

Alzheimer's DiseaseNeurodegenerative Diseases

Technology Platform

A drug discovery platform focused on identifying small molecules that bind to and restore the normal shape of altered filamin A (FLNA) protein, a hypothesized central driver of Alzheimer's pathology involving amyloid, tau, and neuroinflammation.

Pipeline

11
11 drugs in pipeline3 in Phase 3
DrugIndicationStageWatch
Simufilam + PlaceboAlzheimer DiseasePhase 3
Simufilam + PlaceboAlzheimer DiseasePhase 3
SimufilamAlzheimer DiseasePhase 3
simufilamAlzheimer's DiseasePhase 2
Placebo oral tablet + Simufilam 100 mg tablet + Simufilam 50...Alzheimer DiseasePhase 2

Funding History

3
Total raised:$117M
PIPE$100M
IPO$15M
Seed$2M

Opportunities

If successful, simufilam could address a multi-billion dollar market with a convenient oral therapy that targets a novel mechanism.
Positive Phase 3 data could lead to partnership deals or buyout interest from larger pharma companies seeking to bolster their neuroscience portfolios.

Risk Factors

Extreme clinical and regulatory risk as the novel FLNA mechanism is unproven in pivotal trials.
The company faces persistent scrutiny over data integrity, which could impact regulatory review and market acceptance even with positive data.
Financial runway is tight and dependent on trial outcomes.

Competitive Landscape

Competes directly with approved anti-amyloid antibodies (Leqembi, pending donanemab) which set a high efficacy/safety bar. Also faces competition from other late-stage programs targeting tau, neuroinflammation, and synaptic function, many with greater resources and established clinical data.

Company Timeline

1998Founded

Founded in Austin, United States

1998Seed

Seed: $2.0M

2000IPO

IPO — $15.0M

2021PIPE

PIPE: $100.0M