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Sage Therapeutics Cutting 40% of Staff in Restructuring >SAGE

Por: MarketWatch Business August 31, 2023

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The Cambridge, Mass., company on Thursday said it expects the reorganization, which also includes the departure of a trio of top executives, will result in annual savings of about $240 million and extend its cash runway into 2026. Sage currently has nearly 700 employees, according to data from FactSet. The FDA earlier this month approved Zurzuvae as the first pill to treat postpartum depression, but the agency rejected the drug for major... + full article



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