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Fly News Breaks for July 25, 2019
SAGE
Jul 25, 2019 | 07:38 EDT
Oppenheimer analyst Jay Olson raised his price target for Sage Therapeutics to $200 from $170 after its SAGE-217 delivered positive open-label Phase 2 data in bipolar depression with 48% response rate. The analyst notes that Sage also presented a post-hoc analysis suggesting potential efficacy of SAGE-217 in treatment resistant depression. He reiterates an Outperform rating on the shares.
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