SAGE Therapeutics (SAGE) Misses Q2 EPS by 6c; Readout of Phase 3 STATUS Trial in SRSE Now Expected in 1H 2017

August 9, 2016 6:43 AM EDT
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Price: $54.24 -2.02%

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SAGE Therapeutics (NASDAQ: SAGE) reported Q2 EPS of ($1.08), $0.06 worse than the analyst estimate of ($1.02).

  • Portfolio Expansion Underway Based on Recent Positive Data from SAGE-547 and SAGE-217
  • Top-line Data Readout of Phase 3 STATUS Trial in SRSE Now Expected in 1H 2017
  • Dosing Commenced in Expanded Phase 2 Program for SAGE-547 in Moderate and Severe Postpartum Depression
  • Phase 2 Initiations Planned for SAGE-217 in Essential Tremor and Postpartum Depression in 2H 2016
  • Proof-of-Concept Study Initiations Planned with SAGE-547 in Major Depressive Disorder and SAGE-217 in Parkinson’s Disease in 2H 2016

Cash, cash equivalents and marketable securities as of June 30, 2016 were $272.3 million, compared with $186.8 million at December 31, 2015.

For earnings history and earnings-related data on SAGE Therapeutics (SAGE) click here.

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