BUZZ-Sage Therapeutics declines after stopping development of rare disease drug

Reuters

2024/11/20

** Drug developer Sage Therapeutics' shares fall 4.3% to $4.70 premarket ** Company says it will stop further development of its experimental drug, dalzanemdor, after it did not meet main goal in a mid-stage trial

** Sage was testing the drug to treat cognitive impairment associated with Huntington's disease, which causes nerve cells in the brain to decay over time

** 2 of 20 brokerages rate the stock "buy", 16 "hold" and 2 "sell"; median PT $9 - LSEG

** As of last close, stock down 77.3% YTD

(Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com))

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median PT $9 - LSEG</p><p>   ** As of last close, stock down 77.3% YTD</p><p>(Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4139","symbol_name":"生物科技","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2484961116","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484961116","pubTimestamp":1732109216,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Drug developer Sage Therapeutics'    shares fall 4.3% to $4.70 premarket ** Company says it will stop further development of its experimental drug, dalzanemdor, after it did not meet main goal in a mid-stage trial   ** Sage was testing the drug to treat cognitive impairment associated with Huntington's disease, which causes nerve cells in the brain to decay over time   ** 2 of 20 brokerages rate the stock \"buy\", 16 \"hold\" and 2 \"sell\"; 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