Credit: Gorodenkoff Productions OU/Adobe Stock Sage Therapeutics Axes GC After Drug-Pipeline Failures Force Cost-Cutting
Sage is lopping off one-third of its workforce after one of its experimental drugs failed to prove effective as a treatment for Parkinson's and Alzheimer's diseases.
October 21, 2024 at 02:55 PM
2 minute read
Anne Marie Cook, general counsel of the Camden, Massachusetts-based biopharmaceutical firm Sage Therapeutics for nine years, will step down at the end of this month, part of a massive cost-reduction plan imposed after studies dashed its hopes of marketing the drug dalzanemdor to treat Parkinson's and Alzheimer's diseases, according to an Aug. 14 government filing.
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