SAGE Therapeutics (NASDAQ: SAGE) reported Q4 EPS of ($3.38), $0.46 worse than the analyst estimate of ($2.92).

“Eight years ago, Sage was founded to address the innovation void in CNS drug development. Today we are establishing Sage as a CNS leader by building multiple franchise opportunities - in depression, neurology and neuropsychiatry, with the potential to treat millions of patients. Our focused execution across these three franchises has led to a pipeline of four clinical candidates across several indications, all using novel mechanisms and approaches,” said Jeff Jonas, M.D., chief executive officer at Sage. “The expected near-term approval of our lead product candidate, ZULRESSO in the treatment of postpartum depression, will mark a major milestone in our company’s journey and, along with our broader portfolio, may help support a paradigm-shifting approach to mental health. We want people to be treated as people with depression, not depressed people, and we believe our development programs, if successful, can help define this new normal.”

Financial Guidance

• Based upon its current operating plan, Sage now anticipates that its existing cash, cash equivalents and marketable securities, and estimated product sales of ZULRESSO, if the product is approved, will enable Sage to fund its operating expenses and capital expenditure requirements into 2H 2020.
• Sage expects that its operating expenses will increase year over year in 2019 to support continued pipeline advancement and anticipated commercialization of ZULRESSO in PPD.

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