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Benzinga
Benzinga
Health
Chris Katje

'Pharma Bro' Martin Shkreli Tells Investors To 'Short SAVA,' Stock Falls Over 80% After Phase 3 Update

Martin Shkreli SAVA Cassava Sciences Cassava Citron Research Robinhood

Cassava Sciences (NASDAQ:SAVA) stock is falling Monday after the company shared an update on its Phase 3 trial for a treatment for Alzheimer's disease that has been widely followed by the market.

Martin Shkreli, a well-know figure in the pharmaceutical space, predicted the stock’s crash Sunday night.

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