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 were treated with its oral GABA-A receptor modulator had a statistically significant mean reduction in Hamilton Rating Scale for Depression (HAM-D) scores of 17.6 points at day 15 versus a mean reduction of 10.7 points for patients who received a placebo (p<0.0001)
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