Cassava Sciences Licenses Simufilam Patent From Yale University for Potential Treatment of Seizures; Shares Rise-March 2024-www.financetom.com

Cassava Sciences Licenses Simufilam Patent From Yale University for Potential Treatment of Seizures; Shares Rise

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Cassava Sciences Licenses Simufilam Patent From Yale University for Potential Treatment of Seizures; Shares Rise

Feb 27, 2025 8:35 AM

11:14 AM EST, 02/27/2025 (MT Newswires) -- Cassava Sciences ( SAVA ) said Thursday it has entered into a license agreement with Yale University for intellectual property rights, including an exclusive US method of treatment patent covering simufilam as a potential treatment for seizures linked to rare neurodevelopmental disorders such as tuberous sclerosis complex.

The licensed patent is based on research and development carried out by a neurosurgery professor at Yale, which showed that Cassava's drug candidate, simufilam, reduced TSC-related seizure frequency in animal models.

Shares of Cassava Sciences ( SAVA ) were up more than 12% in recent Thursday trading.

Price: 2.58, Change: +0.28, Percent Change: +12.13

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