Cassava charged by US SEC for misleading Alzheimer's drug trial claims, shares fall
** Shares of Cassava Sciences SAVA.O decline ~16% to $26.75 in extended trading
** U.S. Securities and Exchange Commission charged SAVA and its two former executives for misleading claims about results from clinical trials of an experimental Alzheimer's drug
** SEC said SAVA's founder and former CEO, Remi Barbier, and another executive will pay more than $40 mln to settle charges
** SAVA recently named Richard Barry as its new CEO; Barbier had resigned earlier this year after a medical professor linked to SAVA was accused of fabricating data and charged with fraud regarding Alzheimer's drug research
** As of last close, SAVA shares up ~42% YTD
Reporting by Bhanvi Satija in Bengaluru
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