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Sage Makes Deep Cuts, Axing 53% Of The Workforce, As It Reins In Zulresso

 
• By Jessica Merrill

The company will cut 340 positions, primarily affecting Zulresso commercial operations, to save $170m, after announcing it will need to run new trials to support the regulatory plan for zuranolone.

Desperate businessmen

Sage Therapeutics Inc. announced a substantial workforce reduction after market close on 7 April, cutting 340 positions, or 53% of its workforce, to reduce spending as it sets out on a new Phase III development plan for zuranolone. The employee reductions will save $170m annually, the firm said.

It's a disappointing turn of events for the newly commercial biopharma, which launched Zulresso (brexanolone) for postpartum depression last year. (Also see "Zulresso Is Sage’s First Step In Postpartum...

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