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Sage Therapeutics Announces R&D Leadership Transition

1. Dr. Laura Gault, CMO of Sage Therapeutics, is leaving by March 2025. 2. Mike Quirk, CSO, will take on key responsibilities for clinical programs.

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FAQ

Why Bearish?

Leadership changes, especially in medical roles, can introduce uncertainty. Historical instances show such transitions often lead to volatility in biopharma stock prices.

How important is it?

Leadership shake-ups in biotech can impact strategic direction and investor confidence, affecting stock performance. A major leadership exit is considered significant, yet it's somewhat mitigated by Mike Quirk's experience.

Why Short Term?

The imminent departure may affect investor sentiment and confidence quickly. Past leadership exits in biotech firms often trigger short-term market reactions.

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sage Therapeutics, Inc. (Nasdaq: SAGE) today announced that Dr. Laura Gault, Chief Medical Officer, has decided to pursue a new opportunity and will depart the Company, effective March 21, 2025. Dr. Gault joined Sage Therapeutics in November 2022 and has led the Company's product pipeline through all stages of development. Mike Quirk, Chief Scientific Officer, will assume key responsibilities, including strategic guidance for clinical development programs, on.

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