STAT+: What's next for Cassava Sciences, and Cartesian Therapeutics has a novel excuse for dodgy data

This is the online edition of Adam’s Biotech Scorecard, a subscriber-only newsletter. STAT+ subscribers can sign up here to get it delivered to their inbox.

Taking time off is nice, but returning for a July 4-shortened workweek is a bit discombobulating. Speaking of which, I’m landing in your inbox a day early because of the holiday. I hope you eat many hot dogs and watch amazing fireworks. Happy Birthday, America!

Let’s recap a wild week for Cassava Sciences

Cassava Sciences company logo icon on website. -- biotech coverage from STAT

On Friday, the Justice Department charged the company’s chief scientific collaborator and paid consultant, Hoau-Yan Wang, with multiple counts of  fraud. According to the indictment, Wang, a professor at City University of New York, fabricated and falsified data pertaining to Cassava’s drug for Alzheimer’s disease, called simufilam, in order to obtain $16 million in grants from the National Institutes of Health for himself and Cassava.

Continue to STAT+ to read the full story…

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