Sage Therapeutics stock plunges 48% after FDA decision on postpartum depression drug

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Sage Therapeutics stock plunges 48% after FDA decision on postpartum depression drug
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The FDA approved the pill Zuranolone, developed by Sage and Biogen, for postpartum depression but declined to approve it for major depressive disorder.

The FDA's approval late Friday made Zuranolone the first oral treatment for

But the FDA said they did not provide enough evidence of the drug's effectiveness in treating the condition, which affects a much larger population of patients., or about 7% of the people ages 18 and older, in a given year. He said clinical depression "was really the big upside driver here" for the companies, while postpartum depression is "much smaller and may not be hugely profitable."

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