Why Athira Pharma Crashed Today

On a generally lousy day for stocks, Athira Pharma (NASDAQ: ATHA) did even worse than many decliners on Friday. The shares fell by almost 39% on the day, on disquieting news about the company's leadership.

Athira announced that its COO, Mark Litton, has been tapped to lead the company on an interim basis. The appointment, effective immediately, is necessary because the company's board of directors has placed CEO Leen Kawas on temporary leave from her duties. She will, however, retain her seat on the board.

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Source Fool.com