- cafead Jul 27, 2023 at 11:42: AM
via Sage Therapeutics endured a tough trading session Wednesday, with its stock down approximately 13% at market close, reaching its lowest level since November 2022.
The price drop comes after Biogen CEO Christopher Viehbacher seemed to avoid the topic of Sage-partnered depression drug zuranolone in his prepared statements during the company’s second-quarter earnings call Tuesday, mentioning the drug candidate only once in his closing remarks. Biogen also left zuranolone out completely from its news release announcing second-quarter financial results.
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The price drop comes after Biogen CEO Christopher Viehbacher seemed to avoid the topic of Sage-partnered depression drug zuranolone in his prepared statements during the company’s second-quarter earnings call Tuesday, mentioning the drug candidate only once in his closing remarks. Biogen also left zuranolone out completely from its news release announcing second-quarter financial results.
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