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Sage Therapeutics

7.43

+0.06000.81%

Post-market: 7.450.0200+0.27%17:08 EDT

Volume:616.54K

Turnover:4.59M

Market Cap:456.80M

PE:-1.13

High:7.54

Open:7.33

Low:7.33

Close:7.37

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Overview Company News Filings

After Series Of Trial Setbacks, Sage Therapeutics To Lay Off One-Third Workforce

BUZZ-Sage to lay off more than half of R&D team, shares fall

Sage Therapeutics Stock Is Dropping. A Workforce Reduction Is Hitting R&D Hard. -- Barrons.com

SAGE Therapeutics’ Strategic Reorganization and Cautious Hold Rating Amid Development Setbacks

Sage Therapeutics' stock lower as biotech unveils plan to cut 33% of workforce

SAGE Therapeutics to Cut Workforce by 33%, or 165 Workers, in Reorganization

MT Newswires Live

Sage Therapeutics Cutting Workforce by 33%

BRIEF-SAGE Therapeutics Approved Separation Of CFO Kimi Iguchi And Anne Cook, Senior VP, General Counsel, And Secretary

Sage Therapeutics Restructures Amid Leadership Changes and Cost Cuts

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

Sage Therapeutics: Approved Separation of Kimi Iguchi, CFO, and Anne Marie Cook, Senior Vp, General Counsel, and Secretary

THOMSON REUTERS

Sage Therapeutics to lay off more than 165 employees

Sage Therapeutics Inc - Reorganization to Impact Over 165 Employees

THOMSON REUTERS

Sage Therapeutics Announces Strategic Reorganization to Prioritize Zurzuvae® Commercialization and Focus Its Development Portfolio

THOMSON REUTERS

Sage Therapeutics Inc - to Reduce Workforce by Approximately 33%

THOMSON REUTERS

Sage Therapeutics Inc - Chris Benecchi to Become Chief Operating Officer

THOMSON REUTERS

Sage Therapeutics Inc - Expects Non-Recurring Charge of $26M-$28M

THOMSON REUTERS

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Sage will also implement early-stage pipeline prioritization.The company will focus its pipeline development efforts ahead of a clinical study readout for dalzanemdor in Huntington’s Disease, which is expected later this year.In September, Biogen terminated its rights under the collaboration and license agreement with Sage, which was specific to theSAGE-324 program.This article After Series O","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/pUiUv4fN1cJ0WWGCzJ.93g--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/c5dc7225e85d6cafcb15be3325f414a4","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pUiUv4fN1cJ0WWGCzJ.93g--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/c5dc7225e85d6cafcb15be3325f414a4"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/series-trial-setbacks-sage-therapeutics-141158013.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SAGE","LU0234570918.USD","BK4585","LU0889565916.HKD","IE00B894F039.SGD","IE00B19Z9P08.USD","LU0320765992.SGD","BIIB","BK4533","BK4588","BK4532","BK4139","IE00B19Z9Z06.USD","LU0109394709.USD"],"gpt_icon":0},{"id":"2476737691","title":"BUZZ-Sage to lay off more than half of R&D team, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2476737691","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476737691?lang=en_us&edition=fundamental","pubTime":"2024-10-17 22:01","pubTimestamp":1729173662,"startTime":"0","endTime":"0","summary":"** Sage Therapeutics' shares    fall 5.5% to $6.87 in morning trade   ** Co says it will lay off more than 165 employees, including more than half of its R&D team, as part of reorganization plan   ** To prioritize launch of postpartum depression pill Zurzuvae, which has been jointly developed with Biogen   , and early-stage experimental drugs   ** Last week, co said it would stop developing its experimental drug dalzanemdor, for Alzheimer's disease after it failed to meet main goal in late-stage trial   ** Avg recommendation of 19 brokerages is a \"hold;\" median PT is $10 - LSEG   ** As of last close, stock had slumped 66.5% YTD vs 11% increase in Nasdaq Biotechnology index    ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476317860","title":"Sage Therapeutics Stock Is Dropping. A Workforce Reduction Is Hitting R&D Hard. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2476317860","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476317860?lang=en_us&edition=fundamental","pubTime":"2024-10-17 21:47","pubTimestamp":1729172820,"startTime":"0","endTime":"0","summary":"Shares of Sage Therapeutics were trading lower after the biopharmaceutical company said it plans to slash a third of the workforce.Sage stock dropped 5.5% to $6.87 in Thursday trading, while the S&P 500 gained 0.3%.The company on Thursday announced a reshuffling of its business operations to support the ongoing launch of zurzuvae in postpartum depression and focus pipeline development efforts leading up to a clinical study for dalzanemdor in Huntington's disease planned for later this year.The news follows disappointing results earlier this month from a study to evaluate the effects of a dalzanemdor in patients with mild cognitive impairment or mild dementia due to Alzheimer's disease.The reorganization is expected to affect 165 employees , and includes changes to the leadership team. The move is planned to be substantially completed by the end of the fourth quarter.It \"is intended to enable Sage to strengthen its balance sheet, extend cash runway, and position the company for long-ter","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","SAGE"],"gpt_icon":0},{"id":"2476246321","title":"SAGE Therapeutics’ Strategic Reorganization and Cautious Hold Rating Amid Development Setbacks","url":"https://stock-news.laohu8.com/highlight/detail?id=2476246321","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476246321?lang=en_us&edition=fundamental","pubTime":"2024-10-17 21:05","pubTimestamp":1729170336,"startTime":"0","endTime":"0","summary":"Needham analyst Ami Fadia has reiterated their neutral stance on SAGE stock, giving a Hold rating on October 10. Ami Fadia’s rating is based on SAG...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/sage-therapeutics-strategic-reorganization-and-cautious-hold-rating-amid-development-setbacks?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/sage-therapeutics-strategic-reorganization-and-cautious-hold-rating-amid-development-setbacks?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SAGE"],"gpt_icon":0},{"id":"2476128651","title":"Sage Therapeutics' stock lower as biotech unveils plan to cut 33% of workforce","url":"https://stock-news.laohu8.com/highlight/detail?id=2476128651","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476128651?lang=en_us&edition=fundamental","pubTime":"2024-10-17 20:14","pubTimestamp":1729167240,"startTime":"0","endTime":"0","summary":"More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch. Sage Therapeutics Inc.'s stock slid 1.4% early Thursday, after the biotech said it's cutting about 33% of its workforce as part of an overhaul of its business and pipeline that's expected to extend its cash runway.The Cambridge, Mass.-based company  said it would give priority to the launch of zurzuvae, a treatment for postpartum depression, and focus on a study readout from its dalzanemdor as a treatment for Huntington's disease that's expected later this year.The Phase 2 trial of dalzanemdor did not demonstrate statistically significant difference from baseline vs. placebo measured using the Wechsler Adult Intelligence Scale Fourth Edition Coding Test score at Day 84, the primary outcome measure of the study.For more, read: Sage Therapeutics' stock slides after biotech says it will cease development of Alzheimer's treatment. A Phase 2 study of the drug, SAGE-324, found no statisticall","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476142640","title":"SAGE Therapeutics to Cut Workforce by 33%, or 165 Workers, in Reorganization","url":"https://stock-news.laohu8.com/highlight/detail?id=2476142640","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476142640?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:49","pubTimestamp":1729165784,"startTime":"0","endTime":"0","summary":"SAGE Therapeutics  said Thursday it is cutting its workforce by 165 employees as part of a business reorganization, which it said it expects to be completed by the end of the year.The biopharmaceutical company said the cuts equate to approximately 33% of its total workforce and approximately 55% of its research and design team.SAGE also said it expects a non-recurring charge of approximately $26 million to $28 million related to the reorganization, most of which it said it will incur in Q4.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476144525","title":"Sage Therapeutics Cutting Workforce by 33%","url":"https://stock-news.laohu8.com/highlight/detail?id=2476144525","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476144525?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:37","pubTimestamp":1729165020,"startTime":"0","endTime":"0","summary":"Sage Therapeutics is slashing a third of its workforce as part of a move to focus on sales of its Zurzuvae depression drug and reprioritize its early-stage pipeline.Sage on Thursday said the moves will affect more than 165 employees, representing about 33% of the Cambridge, Mass., company's total workforce and roughly 55% of its research-and-development staff.Sage said the reorganization, which it expects to complete by the end of the year, will extend its cash runway and includes the departure of several top executives, including finance chief Kimi Iguchi.The reorganization comes after Sage earlier this month said its dalzanemdor drug candidate had failed in a mid-stage study in Alzheimer's disease following a similar failure in Parkinson's disease earlier this year. Sage expects to report topline data from a Phase 2 study of dalzanemdor in Huntington's disease later this year.Sage said it expects to post a charge of $26 million to $28 million related to the reorganization.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476410031","title":"BRIEF-SAGE Therapeutics Approved Separation Of CFO Kimi Iguchi And Anne Cook, Senior VP, General Counsel, And Secretary","url":"https://stock-news.laohu8.com/highlight/detail?id=2476410031","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476410031?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:36","pubTimestamp":1729164964,"startTime":"0","endTime":"0","summary":"Oct 17 (Reuters) - SAGE Therapeutics Inc   :   * SAGE THERAPEUTICS: APPROVED SEPARATION OF KIMI IGUCHI, CFO, AND ANNE MARIE COOK,  SENIOR VP, GENERAL COUNSEL, AND SECRETARYSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","SAGE"],"gpt_icon":0},{"id":"2476443411","title":"Sage Therapeutics Restructures Amid Leadership Changes and Cost Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=2476443411","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476443411?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:28","pubTimestamp":1729164492,"startTime":"0","endTime":"0","summary":"SAGE Therapeutics ( ($SAGE) ) has provided an announcement. Sage Therapeutics is undergoing a significant reorganization, including a 33% workforce...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/sage-therapeutics-restructures-amid-leadership-changes-and-cost-cuts?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/sage-therapeutics-restructures-amid-leadership-changes-and-cost-cuts?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476872141","title":"BRIEF-SAGE Therapeutics Says To Reduce Workforce By About 33%","url":"https://stock-news.laohu8.com/highlight/detail?id=2476872141","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476872141?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:27","pubTimestamp":1729164440,"startTime":"0","endTime":"0","summary":"Oct 17  - 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 OFFICERSource text for Eikon:    Further company coverage:    ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","SAGE"],"gpt_icon":0},{"id":"2476714620","title":"Sage Therapeutics: Approved Separation of Kimi Iguchi, CFO, and Anne Marie Cook,  Senior Vp, General Counsel, and Secretary","url":"https://stock-news.laohu8.com/highlight/detail?id=2476714620","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476714620?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:14","pubTimestamp":1729163658,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241017:nFWN3LT0L9:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["SAGE","BK4139"],"gpt_icon":0},{"id":"2476757145","title":"Sage Therapeutics to lay off more than 165 employees","url":"https://stock-news.laohu8.com/highlight/detail?id=2476757145","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476757145?lang=en_us&edition=fundamental","pubTime":"2024-10-17 19:05","pubTimestamp":1729163159,"startTime":"0","endTime":"0","summary":"Oct 17 (Reuters) - Sage Therapeutics    said on Thursday it will lay off more than 165 employees or about 33% of the company's total workforce. 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