Sage Therapeutics Inc. CEO Jeff Jonas is so impressed with his company's oral depression drug candidate SAGE-217 based on Phase II results reported on Dec. 7 that even without Phase III data to back up the small mid-stage study he's willing to say that the efficacy seen to date supports first-line treatment.
Investors also were enthusiastic, sending the company's stock up 70% to close at $156.27 after Sage reported that patients who...