Sage sets out justification for $9 billion market valuation
In an R&D review presentation, Sage Therapeutics (Nasdaq: SAGE) has announced it will pivot towards developing options for treatment-resistant depression.
Sage has been riding high since winning US approval for Zulresso (brexanolone), an injection indicated for the treatment of postpartum depression (PPD). A near doubling in the firm’s share price since the start of the year has yielded a market cap of about $9 billion.
Zulresso marks the first major success for the firm, and the first ever treatment option for PPD. Analysts have forecast potential peak sales of around $300 million to $400 million.
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