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Sage Therapeutics, Inc.

sagerx.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Jul 30, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Nov 14, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Sells an oral treatment for postpartum depression and develops drug candidates for brain disorders, including neurodevelopmental and neuropsychiatric conditions.

Who Were Their Customers?

Women with postpartum depression receive ZURZUVAE through specialty pharmacies, which ship it directly after healthcare professionals prescribe it; Sage and Biogen jointly market the treatment.

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q2 FY2025, the three months to Jun 30, 2025
Revenue
▲ +266%
vs $8.7M in Q2 FY2024
Net income
▼ −52% (Loss)
vs −$102.9M in Q2 FY2024
Collaboration Revenue - Related Party share of revenue vs 85.7% in Q2 FY2024
  • Jul 31, 2025 Sage’s merger changed control and prompted delisting All prior officers ceased to serve, and the company asked Nasdaq to remove its shares from listing.

Commercial product The earlier report presented ZULRESSO as Sage’s first product and zuranolone as a candidate; the latest describes ZURZUVAE as marketed and ZULRESSO as discontinued.

Pipeline emphasis The earlier report highlighted a compound for cognition-related disorders; the latest highlights a candidate for behavioral symptoms and a focus on neurodevelopmental disorders.

Revenue over time
Product Revenue Collaboration Revenue - Related Party Other Collaboration Revenue License And Milestone Revenue - Related Party
$2B$1B$0

Who Did They Compete With?

Competes with Lipocine, Brii Biosciences, Marinus Pharmaceuticals, and Cerevel Therapeutics

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