Sage Therapeutics reports Q1 EPS ($1.80), consensus ($1.65)

Reports Q1 revenue $7.9M, consensus $5.66M. “The launch of ZURZUVAE is off to an encouraging start, reflected in the strong performance in the first full quarter of the launch. We are seeing increasing demand among HCPs, particularly OBGYNs, and hearing inspiring success stories from women with PPD treated with ZURZUVAE. Importantly, momentum in commercial and government payor coverage is helping to support our goal of broad and equitable access for women with PPD,” said CEO Barry Greene. “In parallel, we are working with urgency to advance efforts across our pipeline. While we are disappointed by the results of the Phase 2 PRECEDENT study given the significant burden of mild cognitive impairment on people and families affected by Parkinson’s Disease, we look forward to the other data readouts for dalzanemdor and SAGE-324 expected in 2024.”