AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Biogen (BIIB.US) plans to acquire Sage (SAGE.US) shares at a 30% premium.
Generated by AI AgentMarket Intel
Saturday, Jan 11, 2025 1:20 am ET1min read
Biogen (BIIB.US) announced on Friday that it would buy the outstanding shares of Sage Therapeutics (SAGE.US) for $7.22 per share, driving Sage's stock up 34% in after-hours trading.
Regulatory filings show that Biogen owns 10.2% of Sage Therapeutics. The offer is 30% above Sage's closing price on Friday and values Sage at $441.7 million.
Biogen's Alzheimer's drug Leqembi has been slow to recover in the U.S. due to concerns about cost, efficacy and side effects.
Sage's stock has plunged 75% in 2024. The company abandoned its drug dalzanemdor after multiple trial failures. Sage said in November that it would focus on Zurzuvae, a postpartum depression drug being developed with Biogen.
Sage also abandoned another neurological disease drug being developed with Biogen in July.
Market Intel
Global insights driving the market strategies of tomorrow.
Latest Articles
Occidental Petroleum Seeks $100B OxyChem Sale to Cut Debt
Sep.28 2025
Trump Demands Microsoft Fire Global Affairs President
Sep.27 2025
Dow Jones Rises 0.49% as Nasdaq Golden Dragon China Index Falls 2%
Sep.26 2025
Ralph Lauren Wins Eight-Year China Trademark Battle
Sep.26 2025
Perpetua Resources Seeks Partners for US Antimony Refinery
Sep.26 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet