Sage Therapeutics - Biogen Partnered Depression Drug Meets Main Goal In Late-stage Study


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Sage Therapeutics Inc (NASDAQ:SAGE) and Biogen Inc (NASDAQ:BIIB) said zuranolone combined with a standard of care antidepressant met the primary goal of showing rapid and significant reduction in depressive symptoms in a late-stage study.

  • The drug, zuranolone, also met the study's secondary goal of showing an improvement in symptoms when administered with a standard of care antidepressant, compared to a combination of placebo and antidepressants over two weeks.
  • Related: Sage Therapeutics - Biogen Share One Year Zuranolone 50mg Data In Depression Patients.
  • Sage plans to start submitting data for U.S. approval of zuranolone for major depressive disorder on a rolling basis early this year and is aiming to complete the application by the second half of the year.
  • Zuranolone 50 mg co-initiated with a standard of care antidepressant was generally well-tolerated, with most TEAEs reported as mild or moderate and no new safety signals identified.
  • Price Action: SAGE shares are down 16% at $36.27, BIIB stock is down 0.58% at $216.10 during the market session on the last check Wednesday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: BiotechNewsHealth CareMoversTrading IdeasGeneralBriefsdepressionPhase 3 Trial