Sage slashes further jobs as need to deliver deepens
US biotech company Sage Therapeutics is to slash a third of its remaining jobs - just a year after cutting 40% of its prior workforce.
The numbers going this time will be more than 165, the Boston firm announced on Thursday. They make up 55% of Sage’s R&D personnel. Members of the leadership team are among those impacted.
Sage has described the move as a strategic reorganization of its business operations to support the ongoing launch of Zurzuvae (zuranolone) in postpartum depression, and to focus pipeline development efforts ahead of a clinical study readout for dalzanemdor in Huntington’s Disease expected later this year.
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