Cassava Sciences forms internal committee after probes by U.S. regulators into two employees-March 2024-www.financetom.com

Cassava Sciences forms internal committee after probes by U.S. regulators into two employees

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Cassava Sciences forms internal committee after probes by U.S. regulators into two employees

Jul 1, 2024 6:31 AM

July 1 (Reuters) - Cassava Sciences ( SAVA ) said on

Monday its board is forming a committee to direct an

investigation into two senior employees of the company, amid

probes by U.S. regulators.

The company said it was engaged with both the U.S.

Department of Justice and the U.S. Securities and Exchange

Commission on investigations into the two employees.

This comes after federal prosecutors said on Friday that

Hoau-Yan Wang, a doctor who has collaborated with Cassava,

fabricated data included in grant applications to the National

Institutes of Health on behalf of himself and an unnamed

company.

Previous page： Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28 Next page： This bank will cut bonus if employees don't come back to work

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

This bank will cut bonus if employees don't come back to work

Nov 22, 2023

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.