Sage Therapeutics (NASDAQ: SAGE), a clinical-stage biopharmaceutical company developing novel medicines to treat life-altering central nervous system (CNS) disorders, today announced that in a corporate presentation at the 36th Annual J.P. Morgan Healthcare Conference in San Francisco, the Company’s Chief Executive Officer, Jeff Jonas, M.D., will discuss several components of the Company’s strategy to build the business for the long term by assembling the capabilities to fully develop and commercialize important medicines. His remarks will highlight three key areas of focus in the pursuit of new classes of CNS therapies: impacting novel, fundamental brain mechanisms; addressing treatment gaps with differentiated therapies; and discovering a potentially groundbreaking approach to depressive disorders.
“The lack of adequate treatments for CNS disorders is creating a global public health crisis due to limited innovation in neuroscience research and development – until now,” said Dr. Jonas. “Sage is taking on this challenge with a deliberate, planned approach. By thinking differently about CNS drug development, we are originating differentiated medicines with the potential to exceed expectations, customizing the playbook of commercialization, and disrupting conventional wisdom by creating a potential new methodology of care. In 2018, we expect to build on our track record of success, with the potential to create significant value by maximizing patient benefit.”
Dr. Jonas will provide additional detail on the following development programs:
Brexanolone
Sage is currently focused on launch
readiness and building commercial infrastructure to ensure successful
commercial execution, if Sage’s proprietary formulation brexanolone is
approved to address postpartum depression (PPD), a common biological
complication of childbirth.
SAGE-217 and SAGE-324
Sage's novel, oral,
next-generation positive allosteric modulators of synaptic and
extra-synaptic GABAA receptors.
SAGE-217
SAGE-324
GABA Discovery Programs
NMDA Programs
Sage’s novel, oral, first-in-class
oxysterol-based positive allosteric modulators of the NMDA receptor.
The Company recently selected SAGE-904 as its second NMDA receptor positive allosteric modulator product candidate for development. Positive modulation of NMDA receptors may have potential in the treatment of a range of neurological disorders associated with a variety of cognitive, neurological and behavioral symptoms.
SAGE-718
SAGE-904
2017 Year-End Cash and Guidance
Sage ended 2017 with
approximately $518 million of cash, cash equivalents and marketable
securities, including $325.7 million in net proceeds from a public
offering completed in November 2017. Based on its current operating
plans, Sage expects that its operating expenses will increase year over
year in 2018 to support continued pipeline advancement and potential
product commercialization of brexanolone in PPD. Sage expects to provide
specific 2018 financial guidance in its fourth quarter and full year
2017 financial results announcement in February 2018.
Webcast Information for J.P. Morgan Presentation
Sage is
scheduled to present on Tuesday, January 9, 2018 at 11:30 a.m. Pacific
Time (2:30 p.m. Eastern Time), followed by a Q&A session. A live webcast
of the presentation and Q&A session can be accessed on the investor page
of Sage's website at investor.sagerx.com.
A replay of the webcast will be available on Sage’s website
approximately two hours after the completion of the event and will be
archived for up to 30 days.
About Sage Therapeutics
Sage Therapeutics is a
clinical-stage biopharmaceutical company committed to developing novel
medicines to transform the lives of patients with life-altering central
nervous system (CNS) disorders. Sage has a portfolio of novel product
candidates targeting critical CNS receptor systems, GABA and NMDA.
Sage's lead program, a proprietary IV formulation of brexanolone
(SAGE-547), has completed two Phase 3 clinical trials in postpartum
depression. Sage is developing its next generation modulators, including
SAGE-217 and SAGE-718, in various CNS disorders. For more information,
please visit www.sagerx.com.
Forward-Looking Statements
Various statements in this
release concern Sage's future expectations, plans and prospects,
including without limitation: our expectations regarding the timing of a
potential NDA filing and launch of our proprietary formulation of
brexanolone in PPD, and the expected build of commercial infrastructure
and supply chain; our statements regarding plans for further development
of our product candidates and related activities and our view of the
potential for successful development; our views as to the opportunity
represented by Sage’s portfolio and business, and the potential for
value creation; and our expectations with respect to future use of cash.
These forward-looking statements are neither promises nor guarantees of
future performance, and are subject to a variety of risks and
uncertainties, many of which are beyond our control, which could cause
actual results to differ materially from those contemplated in these
forward-looking statements, including the risks that: the clinical and
non-clinical data we have generated with our proprietary formulation of
brexanolone to date may be determined by regulatory authorities, despite
prior advice, to be insufficient to file for or gain regulatory approval
to launch and commercialize our product in PPD and regulatory
authorities may determine that additional trials or data are necessary
in order to file for or obtain approval; regulatory authorities may find
fault with the data generated at particular clinical site or sites or
with the activities of our trial monitor or may disagree with our
analyses of the results of our trials or identify issues with our
manufacturing or quality systems, and any such findings or issues could
require additional data or analyses or changes to our systems that could
delay or prevent us from gaining approval of brexanolone; we may
encounter unexpected safety or tolerability issues with brexanolone,
SAGE-217 or any of our other product candidates in ongoing or future
development; we may not be able to successfully demonstrate the efficacy
and safety of SAGE-217 or any of our other product candidates at each
stage of development; success in early stage clinical trials may not be
repeated or observed in ongoing or future studies of SAGE-217 or any of
our other product candidates; ongoing and future clinical results may
not support further development or be sufficient to gain regulatory
approval to market SAGE-217 or any of our other product candidates; we
may decide that a development pathway for one of our product candidates
in one or more indications is no longer feasible or advisable or that
the unmet need no longer exists; decisions or actions of the FDA or
other regulatory agencies may affect the initiation, timing, design,
size, progress and cost of clinical trials and our ability to proceed
with further development; we may experience slower than expected
enrollment in ongoing clinical trials; the internal and external costs
required for our activities, and to build our organization in connection
with such activities, and the resulting use of cash, may be higher than
expected, or we may conduct additional clinical trials or pre-clinical
studies, or engage in new activities, requiring additional expenditures
and using cash more quickly than anticipated; and we may encounter
technical and other unexpected hurdles in the development and
manufacture of our product candidates; as well as those risks more fully
discussed in the section entitled "Risk Factors" in our most recent
Quarterly Report on Form 10-Q, and discussions of potential risks,
uncertainties, and other important factors in our subsequent filings
with the Securities and Exchange Commission. In addition, any
forward-looking statements represent our views only as of today, and
should not be relied upon as representing our views as of any subsequent
date. We explicitly disclaim any obligation to update any
forward-looking statements.
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Sage Therapeutics
Investor:
Paul Cox, 617-299-8377
[email protected]
or
Media:
Maureen
L. Suda, 585-355-1134
[email protected]