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Home»Lifestyle
Lifestyle

How greed and profit fueled one failed Alzheimer drug

Sam AllcockBy Sam AllcockFebruary 10, 20255 Mins Read
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The Quest for an Alzheimer’s Cure: Hope, Hype, and Betrayal

On May 3, 2021, Matt Price accompanied his 73-year-old father, Stephen, to a medical facility on the Jersey Shore for an injection of an experimental drug called simufilam. Developed by Cassava Sciences, a small Texas-based biopharma company, simufilam was hailed as a potential breakthrough in treating—and possibly curing—Alzheimer’s disease, a condition that afflicts millions worldwide. The drug was based on the long-debated “amyloid hypothesis,” which posited that Alzheimer’s is caused by the buildup of amyloid protein in the brain. If the hypothesis held, removing this protein could reverse cognitive decline. For Matt, a Harvard-trained epidemiologist, the promise of simufilam was exciting but also raised red flags. The drug, after all, was the work of a company with no prior experience in bringing a drug to market, and its claims seemed too good to be true.


A Promise Too Good to Be True: The Rise of Simufilam

Simufilam, initially known as PTI-125, was developed by neuroscientists Lindsay Burns and Hoau-Yan Wang. The drug targeted filamin A, a protein that becomes misshapen and promotes inflammation and the formation of amyloid-beta proteins in the brain. Early studies suggested that simufilam could reverse these effects, and by late July 2021, the drug had generated extraordinary excitement. Cassava Sciences, despite its small sample size of just 50 participants, saw its market valuation soar to $5.4 billion. The drug seemed like the holy grail of Alzheimer’s research—a dream drug that could slow, stop, or even reverse cognitive decline. But beneath the hype, cracks were beginning to appear.


Uncovering the Truth: Fraud and Deception in Alzheimer’s Research

Matt Price’s doubts about simufilam were validated when a whistleblower revealed convincing evidence that the drug’s development was based on manipulated data. The amyloid hypothesis, which had dominated Alzheimer’s research for decades, was not only flawed but also diverted resources away from other promising theories. The whistleblower’s findings exposed a broader problem: the prevalence of fraud and hype in medical research. According to the Retraction Watch database, over 55,000 studies have been retracted due to misconduct, with potentially hundreds of thousands more fraudulent studies still in circulation. Journals often drag their feet in retracting bogus studies, eroding public trust in scientific research. For Price, the implications were clear: “It makes people start to distrust the clinical research enterprise.”


The Whistleblower’s Brave Stand: Exposing the Lies

Enter Matthew Schrag, a neurologist and neuroscientist at Vanderbilt University, who became a key figure in the simufilam saga. After being approached by two neuroscientists who suspected foul play, Schrag agreed to investigate the drug’s study images using NIH-endorsed software. What he found was shocking: the micrographs presented as evidence of simufilam’s efficacy were obviously cloned and manipulated. Schrag’s discovery revealed a systemic issue in Alzheimer’s research, where the pursuit of groundbreaking discoveries often discourages replication and scrutiny. “Disproving someone else’s experiment can be a death wish in science,” Schrag noted, highlighting the challenges whistleblowers face in exposing misconduct.


The Fallout: A Broken System and Shattered Trust

The consequences of Cassava Sciences’ fraud were severe. In 2023, a university panel found Hoau-Yan Wang guilty of “egregious misconduct,” and the company agreed to pay $40 million to the SEC for misleading investors. By November of the same year, Cassava acknowledged that simufilam had failed in phase 3 clinical trials, and its stock value plummeted by over 80%. For Schrag, the outcome was no surprise. “You can cheat to get a paper,” he said. “You can cheat to get a grant. You can’t cheat to cure a disease. Biology doesn’t care.” The simufilam scandal underscored a broken system where the pursuit of fame, funding, and legacy often overshadows the pursuit of truth.


A Call to Action: Reforming Alzheimer’s Research and Beyond

The simufilam debacle is more than a cautionary tale; it is a call to action. The Alzheimer’s research community must confront its obsession with the amyloid hypothesis and embrace a more diverse and transparent approach to understanding the disease. As George Perry, a scientist at the University of Texas, noted, “The major goal of these people is to win—if it isn’t the Nobel Prize, it’s God’s glory. They don’t want the amyloid hypothesis to die, because then they have no legacy.” The fight against Alzheimer’s demands humility, collaboration, and a commitment to ethical science. Only then can researchers hope to deliver on the promise of a cure—and restore trust in the clinical research enterprise.


This story is a testament to the power of whistleblowers like Schrag and the resilience of those affected by Alzheimer’s, who continue to hold onto hope even in the face of shattered promises. As the search for a cure continues, one thing is clear: the real victory lies not in breaking records or achieving fame, but in honoring the integrity of science and the people it aims to serve.

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