Just like clockwork... My last post about a publicly traded company losing value after lying to shareholders, posted last night, and today it happened (allegedly)... Cassava Sciences is accused of lying about Alzheimer's data for one of it's products... The share value lost 31 percent of it's value today, and 4000 Ambulance chaser law firms are lining up to sue them.
Regardless of what happens, that's a perfect example. Lets say they are guilty for the argument. If they had gotten away with it, nobody would know, at least not us that are relying on said drug to help our older parents or grandparents... Lets say it was a BLOCKBUSTER drug that Flied through clinical trials and showed incredible results in mitigating "sundowning" that happens with Alzheimer's patients...
It would be on every news broadcast and radio broadcast, you would know the company by name, the valuation of the company would be a few Billion overnight if not more, etc...
Now, just my real example last night, and it happening out of the Blue today... Drug companies do that shit ALL THE TIME... It's almost like they aren't respected if they don't play dirty.
Now, you can probably figure out my whole point leads to why do people trust Pfizer, J&J and Moderna like they were family and have never done anything wrong? Halos for those three, they are Saints... ???
https://finance.yahoo.com/quote/SAVA?p=SAVA&.tsrc=fin-srch