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Stock impact report

Sage Therapeutics scraps Parkinson's drug development after treatment fails mid-stage study [Reuters]

Sage Therapeutics, Inc. (SAGE) 
Last sage therapeutics, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.sagerx.com/investor-relations
Company Research Source: Reuters
, opens new tab said on Wednesday it will stop development of its experimental drug to treat Parkinson's disease after it failed a mid-stage study, sending the company's shares down 4% before the bell. Parkinson's disease, a progressive movement disorder of the nervous system, affects about 1 million people in the United States. Sage Therapeutics' drug, dalzanemdor, did not show statistically significant differences in patients with mild cognitive impairment due to Parkinson's compared to a placebo, the company said. Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here. Reporting by Mariam Sunny in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab Show less Read more
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