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Expert Produces Favorable Pitch For Sage Rehabs Around Greater Excitement For Its Anxiety Medicine, Zuranolone – Sage Rehabs (NASDAQ: SAGE)

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    .(* )RBC Funding Markets

  • has actually updated Sage Rehabs Inc SAGE to Outperform from Industry Perform with a rate target of $60, up from $40. .(* )The expert sees a much more considerable probability that anxiety prospect zuranolone will certainly win FDA authorization.
  • .(* )The FDA has actually appointed a Prescription Drug addict Cost Act (PDUFA) activity day of August 5, 2023.

  • .
  • On The Whole, 25% of evaluated medical professionals showed they would certainly attempt zuranolone in their very first year (up from 19% in an earlier study).

  • .(* )The expert anticipates peak sales of $1.9 billion for significant depressive condition as well as $200 million for postpartum anxiety.
  • .

  • Connected:
  • Sage Therapeutics/Biogen Emphasize Extra Information From Anxiety Prospect
  • . Additionally, the current statement that no AdComm will certainly be called for even more de-risks united state approvability, composes the expert as well as hence increasing the chance of success to 75% .(* )The business is establishing zuranolone in cooperation with Biogen Inc
  • BIIB
  • .(* )” We additionally keep in mind companion BIIB has actually been progressively singing regarding its dedication as well as excitement around the program, which need to bode well for zuranolone’s potential customers,” RBC expert notes. . Rate Activity: SAGE shares are up 11.9% at $44.28 on the last check Monday. .
  • © 2023 Benzinga.com. Benzinga does not supply financial investment suggestions. All legal rights scheduled.

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