SAGE Therapeutics ( (SAGE) ) has shared an announcement.
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Biogen has informed Sage Therapeutics of its decision to terminate their collaboration on the SAGE-324 molecule, effective February 17, 2025, following negative results from a recent clinical study. Despite this, the partnership between the two companies persists for the development and commercialization of ZURZUVAE®, an FDA-approved treatment for postpartum depression. As a consequence of the termination, Biogen’s licenses related to the SAGE-324 molecule will expire, with Sage receiving perpetual rights to certain Biogen technologies for the molecule.
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