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Sage Therapeutics, Inc - SAGE STOCK NEWS

Welcome to our dedicated page for Sage Therapeutics news (Ticker: SAGE), a resource for investors and traders seeking the latest updates and insights on Sage Therapeutics stock.

Sage Therapeutics, Inc. (SAGE) is a pioneering, neuroscience-focused biopharmaceutical company dedicated to developing medicines for life-threatening and rare central nervous system (CNS) disorders. Founded in 2010, Sage Therapeutics aims to improve the lives of patients suffering from various CNS diseases through breakthrough scientific research, robust clinical trials, and strong partnerships.

The company is primarily engaged in three key focus areas: depression, neurology, and neuropsychiatry. Sage's lead compound, SAGE-547, is in clinical development for super-refractory status epilepticus (SRSE), marking the first of many potential seizure medicines in its extensive pipeline. Another notable treatment, Zurzuvae, targets postpartum depression (PPD) in adults, while Zulresso is a CIV injection designed for individuals aged 15 and older dealing with PPD.

In addition to these approved treatments, the company’s pipeline features several promising compounds, including SAGE-324 and Dalzanemdor (SAGE-718), which are currently under various stages of development. Sage Therapeutics leverages two critical CNS receptor systems, GABA and NMDA, to develop its innovative treatments.

Sage’s commitment to compelling science and robust clinical foundations is fortified by its world-class team of founders, advisors, investors, scientists, and managers. The company prides itself on its collaborative efforts, fostering strategic partnerships to enhance its research and development capabilities. These efforts underscore Sage Therapeutics' mission to discover, develop, and deliver significant new medicines to address unmet medical needs in the CNS space.

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Sage Therapeutics, Inc. (NASDAQ: SAGE) will host a live webcast to review fourth quarter and full year 2023 financial results and discuss recent business updates. The webcast can be accessed on the Investor page of Sage’s website at investor.sagerx.com. A replay of the webcast will be available following the completion of the event and will be archived for up to 30 days.
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Sage Therapeutics, Inc. (Nasdaq: SAGE) announced the upcoming launch of ZURZUVAE™ (zuranolone), the first oral treatment for adults with postpartum depression (PPD) in December 2023. The company also highlighted progress on clinical pipeline with topline data expected from multiple ongoing Phase 2 trials across 2024, positioning itself for a catalyst-rich year supported by a strong financial foundation and focused execution.
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Sage Therapeutics, Inc. (Nasdaq: SAGE) announced the retirement of Kevin Starr from the company's board of directors. Geno Germano has assumed the role of Chair of the Board of Directors. Mr. Starr co-founded Third Rock Ventures in 2007 and was a leader in the formation, development, and business strategy of the firm's portfolio companies. Geno Germano, the new Chair of the Board, has over 30 years of experience in the pharmaceutical industry and a consistent track record of improving operating performance and increasing shareholder value across numerous leadership roles in multiple therapeutic categories and global markets.
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Sage Therapeutics, Inc. (NASDAQ: SAGE) will present at the 42nd Annual J.P. Morgan Healthcare Conference on January 8, 2024, at 4:30 p.m. PT in San Francisco, CA. The live webcast can be accessed on the Investor page of Sage’s website at investor.sagerx.com, with a replay available for up to 30 days.
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Sage Therapeutics, Inc. (NASDAQ: SAGE) announces participation in Stifel 2023 Healthcare Conference and Piper Sandler 35th Annual Healthcare Conference in November. The company will have fireside chats on November 15th and November 30th, respectively. A live webcast and replay of each event will be available on the Investor page of Sage’s website at investor.sagerx.com.
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Sage Therapeutics reported business highlights and financial results for the third quarter ended September 30, 2023. The company announced the expected wholesale acquisition cost of ZURZUVAE to be $15,900, with the product becoming commercially available in December 2023. Sage also provided updates on their neuropsychiatry pipeline, including the progress of SAGE-718 and SAGE-324. Financially, the company's cash, cash equivalents, and marketable securities totaled $876 million as of September 30, 2023.
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Sage Therapeutics to host webcast to review Q3 2023 financial results and business updates
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Sage Therapeutics receives FDA Orphan Drug Designation for SAGE-718 in the treatment of Huntington's disease
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Sage Therapeutics to present at investor conferences in September
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Sage Therapeutics plans to reorganize its business operations and pipeline priorities to support long-term growth. They will launch ZURZUVAE for postpartum depression in late 2023. A 40% workforce reduction will be implemented. The company expects annualized net savings of $240 million and a non-recurring charge of $36-38 million. They have cash, cash equivalents, and marketable securities of $1.0 billion to support operations into 2026.
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FAQ

What is the current stock price of Sage Therapeutics (SAGE)?

The current stock price of Sage Therapeutics (SAGE) is $5.61 as of December 20, 2024.

What is the market cap of Sage Therapeutics (SAGE)?

The market cap of Sage Therapeutics (SAGE) is approximately 305.9M.

What is Sage Therapeutics, Inc. focused on?

Sage Therapeutics, Inc. focuses on developing medicines for life-threatening and rare central nervous system (CNS) disorders.

What are the key focus areas of Sage Therapeutics?

The key focus areas of Sage Therapeutics are depression, neurology, and neuropsychiatry.

What are some of the main products of Sage Therapeutics?

Some main products include Zurzuvae for postpartum depression and Zulresso, a CIV injection for postpartum depression in individuals aged 15 and older.

What is SAGE-547?

SAGE-547 is Sage Therapeutics' lead compound, currently in clinical development for super-refractory status epilepticus (SRSE).

What are the current projects in Sage Therapeutics' pipeline?

Current projects in Sage Therapeutics' pipeline include SAGE-324 and Dalzanemdor (SAGE-718), among others.

What receptor systems does Sage Therapeutics target?

Sage Therapeutics targets the GABA and NMDA receptor systems to develop its treatments.

When was Sage Therapeutics founded?

Sage Therapeutics was founded in 2010.

Who makes up the team at Sage Therapeutics?

The team at Sage Therapeutics includes founders, advisors, investors, scientists, and managers.

What is the mission of Sage Therapeutics?

The mission of Sage Therapeutics is to improve the lives of patients with CNS diseases by discovering, developing, and delivering important new medicines.

How does Sage Therapeutics enhance its research and development capabilities?

Sage Therapeutics enhances its research and development capabilities through strategic partnerships and collaborative efforts with its world-class team.

Sage Therapeutics, Inc

Nasdaq:SAGE

SAGE Rankings

SAGE Stock Data

305.87M
53.88M
11.92%
86.51%
10.48%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
CAMBRIDGE