MedWatch

Sage Therapeutics depression drug disappoints

New data from trial involving a drug treating severe depression disappoints the stock market, and biotech company Sage Therapeutics faces share price decline.

Photo: CARLO ALLEGRI/REUTERS / X90181

Sage Therapeutics took an 18.8 percent dive to USD 59.15 in the US pre-market after the US biotech firm generated disappointing results from a trial involving a potential treatment for severe depression.

Bloomberg News highlights that this late-stage trial, completed in collaboration with Biogen, reached its primary endpoint with improved depression symptoms, whereas the long-term effect was one of the major concerns ahead of the trial results being published.

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