Latest news with #SAGE
Yahoo
19-06-2025
- Business
- Yahoo
SAGE to be Acquired by Supernus Pharmaceuticals in $795 Million Deal
Sage Therapeutics SAGE announced that Supernus Pharmaceuticals SUPN has agreed to acquire SAGE through a tender offer of $8.50 per share in cash, totaling around $561 million. Additionally, shareholders will receive a non-tradable contingent value right (CVR) worth up to $3.50 per share, bringing the total potential value of the deal to $12 per share in cash, or approximately $795 million. The CVR will be paid if certain sales and commercial milestones are met. The transaction is expected to be closed in the third quarter of 2025, subject to customary closing conditions. Shares of Sage Therapeutics rose 35.4% on Monday following the announcement of the deal with SUPN. The offer price represented a premium of almost 32% on Sage Therapeutics' closing price of $9.07 on June 16. Year to date, shares of SAGE have rallied 23.4% against the industry's decline of 0.8%. Image Source: Zacks Investment Research The potential acquisition would provide SUPN rights to SAGE's new depression drug, Zurzuvae (zuranolone), the first and only oral treatment indicated for adults with postpartum depression (PPD). The drug was approved in August 2023 and commercially launched in December 2023. SAGE markets Zurzuvae in partnership with drug giant Biogen BIIB. Sage Therapeutics and Biogen equally share profits and losses for the commercialization of Zurzuvae in the United States. In ex-U.S. markets, Biogen records product sales (excluding Japan, Taiwan and South Korea, where Shionogi holds the rights) and pays royalties to SAGE. Following the latest turn of events, Supernus will recognize collaboration revenues that are 50% of Biogen's U.S. net sales of Zurzuvae. SAGE's collaboration revenues from the sale of Zurzuvae were $13.8 million in the first quarter of 2025 and $36.1 million in 2024. The initial uptake of Zurzuvae has exceeded expectations. The acquisition of Sage Therapeutics is likely to complement Supernus' diverse neuroscience portfolio, which includes approved treatments for attention-deficit hyperactivity disorder, dyskinesia in Parkinson's disease, epilepsy and other central nervous system disorders. SUPN expects the deal to be significantly accretive in 2026 and to further diversify its revenue base. Sage Therapeutics previously rejected a takeover proposal from Biogen to acquire the remaining shares of SAGE in January 2025. Per Sage Therapeutics, the offer significantly undervalued the company and was not in the best interest of shareholders. Biogen made an acquisition offer to buy the remaining shares of SAGE that it did not already own for $7.22 per share in January. The offer price represented a premium of 30% on Sage Therapeutics' closing price of $5.55 on Jan. 10. Per a SEC filing by the company, Biogen owns a 10.2% stake in SAGE. It can be inferred that Supernus has outbid Biogen to acquire Sage Therapeutics. Sage Therapeutics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Biogen Inc. (BIIB) : Free Stock Analysis Report Supernus Pharmaceuticals, Inc. (SUPN) : Free Stock Analysis Report Sage Therapeutics, Inc. (SAGE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 登入存取你的投資組合
Reuters
16-06-2025
- Business
- Reuters
Supernus Pharma to acquire Sage Therapeutics in up to $795 million deal
June 16 (Reuters) - Drugmaker Supernus Pharmaceuticals (SUPN.O), opens new tab said on Monday it will acquire Sage Therapeutics (SAGE.O), opens new tab, which makes treatments for neurological conditions, in a deal worth up to $795 million. Supernus has offered $8.50 in cash for each of Sage's share and up to $3.50 per share in cash if certain milestones are achieved. Shares of Sage Therapeutics were halted in premarket trading.
The Sun
14-06-2025
- General
- The Sun
Four ways to grow your own herbs and save buying at the supermarket
SUMMER is the perfect thyme to rustle up light dishes packed with fresh herbs. Coriander, parsley and biggest seller basil are all in demand this season, so you might want to grow your own. Here's how to keep them in mint condition. 7 TOP OF THE POTS: Bought potted herbs will likely need a health reboot. As soon as you get them home, replant them in a bigger container. Add some good quality compost. If you have some specifically for vegetables, that's even better. Gently loosen the roots before planting so they have space to flourish. SAGE ADVICE: When deciding where to place your potted herbs so they thrive, it's wise to pick a semi-sunny spot. They may not have been grown in natural sunlight, so putting them on a hot south-facing sill may be too much. Find somewhere that gets sun, but isn't too much of a hotspot. Avoid draughts or radiators, and don't group them too close together. They need space to grow. It's best to place those from a supermarket on a saucer or shallow dish and water when it runs dry. The best-selling fresh herb, basil, should only be watered in the morning so it can dry out overnight. You should prune your herbs or use them regularly as this encourages them to grow. FREEZY DOES IT: Freezing your herbs will mean you can use them for months to come. Wash and dry them, then freeze the stems and leaves in a freezer bag. Alternatively, snip the washed herbs into an ice cube tray before topping with water or oil. Then freeze. You could also mix cut herbs and room-temperature butter. Freeze in an ice cube tray, then use in your cooking or to top meat, fish or vegetables. All prices on page correct at time of going to press. Deals and offers subject to availability. Deal of the day MAKE a last minute dash for dad with the Levi's cotton loose fit shirt, down from £51 to £25 at John Lewis. Cheap treat 7 FOR stylish sunnies on a budget, try these £6 pink tortoiseshell cats eye sunglasses from Peacocks. Top swap THIS lemon A3 print, above, £23 from Dunelm, will add zing to your walls. But the one below, £8 for A3 from George at Asda, is also a zesty addition to any home. Shop & save ENJOY a tipple with Tails Passion Fruit Martini cocktail, down from £15.10 to £12.50 at Sainsbury's with a Nectar card, for a four-serve bottle. Hot right now IT'S the last day to get half-price fillet steak at Morrisons meat counter – down from £11.34 to £5.67 for an 8oz steak. PLAY NOW TO WIN £200 7 JOIN thousands of readers taking part in The Sun Raffle. Every month we're giving away £100 to 250 lucky readers - whether you're saving up or just in need of some extra cash, The Sun could have you covered. Every Sun Savers code entered equals one Raffle ticket.
Yahoo
06-06-2025
- Politics
- Yahoo
House Democrats' bill would combat LGBTQ elder abuse
Legislation introduced Friday, during Pride Month, by more than a dozen House Democrats would help combat abuse against elderly LGBTQ Americans. The Elder Pride Protection Act would establish a task force within the Department of Justice to study the 'increased incidence of elder abuse' against LGBTQ seniors and develop best practice solutions to be implemented by state and local law enforcement, according to a copy of the bill, shared first with The Hill. 'No one, especially our vulnerable seniors, should ever be mistreated because of who they are or who they love,' said Rep. Josh Gottheimer (D-N.J.), who introduced the bill Friday alongside Rep. Angie Craig (D-Minn.), who recently launched a bid to replace retiring Sen. Tina Smith (D-Minn.) in the Senate next year. In November, Gottheimer announced he would run for governor of New Jersey. Craig, who is gay and one of 13 openly LGBTQ members of Congress, said the measure would help shield seniors from abuse and discrimination 'as we continue the struggle for LGBTQ+ rights.' 'LGBTQ+ seniors led the fight for so many of the rights LGBTQ+ Minnesotans enjoy today, and now it's our turn to fight for them,' she said in a statement. LGBTQ older adults are at heightened risk for adverse health and social outcomes compared to their cisgender and heterosexual peers, according to the Center for Health Care Strategies, a New Jersey nonprofit. SAGE, an advocacy group for LGBTQ elders that has endorsed Gottheimer and Craig's bill, has said LGBTQ seniors are more vulnerable to abuse and neglect. Comprehensive data on elder abuse is lacking, though the Justice Department estimates that more than 10 percent of Americans age 65 and older experience some form of elder abuse each year. In limited data, LGBTQ seniors, who are at higher risk of isolation, report elevated rates of abuse, according to SAGE. 'These are challenging times, and now more than ever, LGBTQ+ elders deserve to age without fear of elder abuse,' said Aaron Tax, SAGE's managing director of government affairs and policy advocacy. The bill, which has 14 Democratic co-sponsors, stands little chance of passing the GOP-controlled House. Republicans and President Trump have denounced initiatives that prioritize diversity, equity and inclusion (DEI), claiming they stoke divisions and promote 'woke ideology.' A National Center on Elder Abuse webpage previously dedicated to 'advancing justice for LGBTQ elders' appears to have been deleted this year in the administration's purge of government websites following Trump's executive orders targeting DEI and 'gender ideology.' Updated at 10:32 a.m. EDT Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
06-06-2025
- Politics
- The Hill
House Democrat' bill would combat LGBTQ elder abuse
Legislation introduced Friday, during Pride Month, by more than a dozen House Democrats would help combat abuse against elderly LGBTQ Americans. The Elder Pride Protection Act would establish a task force within the Department of Justice to study the 'increased incidence of elder abuse' against LGBTQ seniors and develop best practice solutions to be implemented by state and local law enforcement, according to a copy of the bill, shared first with The Hill. 'No one, especially our vulnerable seniors, should ever be mistreated because of who they are or who they love,' said Rep. Josh Gottheimer (D-N.J.), who introduced the bill Friday alongside Rep. Angie Craig (D-Minn.), who recently launched a bid to replace retiring Sen. Tina Smith (D-Minn.) in the Senate next year. In November, Gottheimer announced he would run for governor of New Jersey. Craig, who is gay and one of 13 openly LGBTQ members of Congress, said the measure would help shield seniors from abuse and discrimination 'as we continue the struggle for LGBTQ+ rights.' 'LGBTQ+ seniors led the fight for so many of the rights LGBTQ+ Minnesotans enjoy today, and now it's our turn to fight for them,' she said in a statement. LGBTQ older adults are at heightened risk for adverse health and social outcomes compared to their cisgender and heterosexual peers, according to the Center for Health Care Strategies, a New Jersey nonprofit. SAGE, an advocacy group for LGBTQ elders that has endorsed Gottheimer and Craig's bill, has said LGBTQ seniors are more vulnerable to abuse and neglect. Comprehensive data on elder abuse is lacking, though the Justice Department estimates that more than 10 percent of Americans age 65 and older experience some form of elder abuse each year. In limited data, LGBTQ seniors, who are at higher risk of isolation, report elevated rates of abuse, according to SAGE. 'These are challenging times, and now more than ever, LGBTQ+ elders deserve to age without fear of elder abuse,' said Aaron Tax, SAGE's managing director of government affairs and policy advocacy. The bill, which has 14 Democratic co-sponsors, stands little chance of passing the GOP-controlled House. Republicans and President Trump have denounced initiatives that prioritize diversity, equity and inclusion (DEI), claiming they stoke divisions and promote 'woke ideology.' A National Center on Elder Abuse webpage previously dedicated to 'advancing justice for LGBTQ elders' appears to have been deleted this year in the administration's purge of government websites following Trump's executive orders targeting DEI and 'gender ideology.'
