Reasons emerge for downfall of Sage and Biogen's Zurzuvae in MDD
Partners Sage Therapeutics (Nasdaq: SAGE) and Biogen (Nasdaq: BIIB) secured US approval for Zurzuvae (zuranolone) for adults with postpartum depression (PPD) last month.
But this was far from the positive news that the US biotech companies might have hoped for, since they missed out on the much larger indication of major depressive disorder (MDD).
Sage has said that it will fire around 40% of staff, freeing up money to support the commercial launch of Zurzuvae, which is planned for later this year.
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