Sage Is Evaluating Resource Allocation, Including Pipeline Prioritization And A Workforce Reorganization, To Extend Its Cash Runway And Anticipates Operating Expenses Will Decrease In 2024
Portfolio Pulse from Benzinga Newsdesk
Sage Therapeutics is considering resource allocation, including pipeline prioritization and a workforce reorganization, to extend its cash runway. The company expects its operating expenses to decrease in 2024.
August 07, 2023 | 10:38 am
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Sage Therapeutics is planning to reorganize its resources, which could potentially extend its cash runway. This could lead to a decrease in operating expenses in 2024.
The news about Sage Therapeutics' plans to reorganize its resources and decrease its operating expenses could be seen as a positive move by investors. This could potentially lead to an increase in the company's stock price in the short term.
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