Sage surges 54% on postpartum depression data
Sage Therapeutics (Nasdaq: SAGE) scored a massive win for its investors and potentially for patients too as its Phase III trials in postpartum depression met their primary endpoints.
The US clinical-stage biotech closed 54% up on Thursday at $96.65 after reporting the Hummingbird Program trial results with its proprietary IV formulation of brexanolone (formerly SAGE-547).
By achieving a mean reduction from baseline in the Hamilton Rating Scale for Depression (HAM-D) total score compared to placebo at 60 hours, brexanolone met both primary endpoints.
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