Sage Therapeutics is rated a Strong Buy due to its undervaluation, trading below cash holdings, and potential in its drug pipeline, especially Zuranolone. Biogen's $7.22 per share buyout offer signals confidence in Sage's commercial potential and drug pipeline, despite the market's current undervaluation. Sage's Zuranolone shows strong market traction in PPD, with significant insurance coverage and increasing prescriptions, indicating future growth potential.
British software firm Sage Group named Jacqui Cartin as its new chief financial officer on Thursday, succeeding Jonathan Howell, who will leave on December 31.
SAGE's earnings and revenues miss estimates in the fourth quarter of 2024. The company focuses on the commercialization of depression drug Zurzuvae.
The Sage Group plc (OTCPK:SGGEF) Q1 2025 Earnings Conference Call January 30, 2024 3:30 AM ET Company Participants Jonathan Howell - CFO Conference Call Participants Adam Wood - Morgan Stanley Toby Ogg - JPMorgan Frederic Boulan - Bank of America Charles Brennan - Jefferies Balajee Tirupati - Citi Michael Briest - UBS Jonathan Howell Good morning everyone and welcome to Sage's Q1 Trading Update. I'll briefly run through the key numbers and the performance of the business and after that, we can open for Q&A.
Sage Therapeutics said on Monday that its board has unanimously rejected the takeover offer it received from Biogen.
Sage Therapeutics (NASDAQ:SAGE) stock soared after the firm announced that it had received an unsolicited takeover bid from Biogen Inc (NASDAQ:BIIB, ETR:IDP). Biogen has proposed to acquire all of Sage's shares that it does not already own for $7.22 per share.
Biotech stock Sage Therapeutics Inc (NASDAQ:SAGE) is skyrocketing today, up 33.7% to trade at $7.42 at last glance, after Biogen's (BIIB) proposed takeover, which the company said on Friday it would carefully review.
Sage Therapeutics (SAGE) shares soared nearly 40% Monday on news Biogen (BIIB) is offering to buy the rest of the Sage stock it doesn't already own for $7.22 per share.
On Friday, Sage Therapeutics Inc. SAGE confirmed that Biogen Inc. BIIB submitted an unsolicited, nonbinding proposal to acquire all of the outstanding shares of Sage Therapeutics not already owned by Biogen for $7.22 per share.
The biopharmaceutical company says its board of directors will now review and evaluate the offer from Biogen.
The Sage Group plc (OTCPK:SGGEF) Q4 2024 Earnings Conference Call November 20, 2024 3:30 AM ET Company Participants Steve Hare - Chief executive officer Jonathan Howell - Chief Financial Officer Conference Call Participants Adam Wood - Morgan Stanley Toby Ogg - J.P. Morgan Rahul Chopra - HSBC Fred Boulan - Bank of America Charles Brennan - Jefferies Michael Briest - UBS Steve Hare Good morning and welcome to Sage's Full-Year Results.
On Wednesday, Sage Therapeutics Inc SAGE revealed topline results from the Phase 2 DIMENSION Study of dalzanemdor (SAGE-718) in participants with cognitive impairment (CI) associated with Huntington's Disease (HD), an inherited brain disorder that causes nerve cells in the brain to break down and die.