Sage Therapeutics gets acquired by Maryland drugmaker for up to $795 million
'We have a proven track record of strong commercial execution, and we look forward to building on ZURZUVAE's U.S. growth momentum and collaboration with Biogen, so that more women with postpartum depression can benefit from this novel treatment,' Supernus president and CEO Jack Khattar said in the news release.
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But the FDA in 2023 did not approve Sage's and Biogen's request to clear Zurzuvae to treat major depressive disorder, a much more prevalent condition. That was a major setback for the companies. In August 2023, Sage
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Supernus will acquire Sage for $8.50 per share — approximately $561 million — plus an additional $3.50 per share if it reaches certain milestones, for a total of up to $795 million, according to the release.
Sage was founded in 2010 to focus on brain diseases, and had its initial public offering in 2014.
Stella Tannenbaum can be reached at
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