This company is going to be in a lot of trouble. Sage is burning between $700-800M in cash next year and may need to run another large MDD study now, so this number may need to be even higher. With the lower market cap, the company is not going to be able to raise sufficient cash. Significant layoffs are coming.
OMG everyone grow up. #thisislife #thisisbiotech. Goodness. Bunch of uptight stress nuts here. Chill!
SAGE stock price up 7% today!! Cha ching!! Can you say “equities” ?!! We are busting out! Wahoo! Happy Friday y’all!
2 failed phase 3 studies in 2 years is tough but the street still believes in Sage and so do the insiders buying up shares. Don't give up friends. Let's see what happens in 2020 and let's support each other through this and whatever comes next. Merry Christmas and Happy Holidays to you all!