UPDATE 3-Sage soars as postpartum depression drug moves closer to approval [Reuters]
Solidion Technology, Inc. (STI)
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Source: Reuters
Sage soars as postpartum depression drug moves closer to approval | Reuters 2 Min Read (Reuters) - Sage Therapeutics Inc’s shares surged to a record on Thursday after its postpartum depression drug succeeded in two late-stage studies, paving the way for it to bring to market the first FDA-approved treatment for the disorder. Shares were up 50 percent as the company plans to submit a marketing application for the injectable drug, brexanolone, to the U.S. Food and Drug Administration in the first half of 2018. Edward Nash, an analyst with SunTrust Robinson Humphrey, told Reuters brexanolone could be “a potential blockbuster” for the drug developer, with the intravenous version of the drug hitting peak sales of $400 million in 2026. He also said the success of a follow-on program testing an oral version could generate another $668 million. Postpartum depression, a severe form of “baby blues”, is a common complication of childbirth that affects 1 in 9 women, according to the Centers for D
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- Solidion Technology, Inc. Announces Pricing of $3.85 Million Private PlacementGlobeNewswire
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STI
Sec Filings
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- 4/12/24 - Form 10-K
- 4/2/24 - Form NT
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