BRIEF-SAGE Therapeutics Says To Reduce Workforce By About 33%

Reuters

2024-10-17

Oct 17 (Reuters) - SAGE Therapeutics Inc :

* SAGE THERAPEUTICS ANNOUNCES STRATEGIC REORGANIZATION TO PRIORITIZE ZURZUVAE® COMMERCIALIZATION AND FOCUS ITS DEVELOPMENT PORTFOLIO

* SAGE THERAPEUTICS INC - TO REDUCE WORKFORCE BY APPROXIMATELY 33%

* SAGE THERAPEUTICS INC - REORGANIZATION TO IMPACT OVER 165 EMPLOYEES

* SAGE THERAPEUTICS INC - EXPECTS NON-RECURRING CHARGE OF $26M-$28M

* SAGE THERAPEUTICS INC - CHRIS BENECCHI TO BECOME CHIEF OPERATING OFFICER

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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