CAMBRIDGE, Mass.–(BUSINESS WIRE)–Sage Therapeutics (NASDAQ: SAGE), a biopharmaceutical company committed to developing novel therapies with the potential to transform the lives of people with debilitating brain disorders, today announced that Mike Cloonan, Sage’s Chief Operating Officer, is leaving the company effective May 3, 2021 to pursue other opportunities.
“Mike has made significant contributions to Sage over the past four years. We extend our thanks for his leadership and wish him nothing but success in his future endeavors,” said Barry Greene, chief executive officer at Sage. “While Mike will be missed, Sage will continue to execute on a data rich 2021, and we plan to grow our team to support efforts across our multiple brain health programs.”
“I made the decision that it is the right time in my career to pursue a Chief Executive Officer position in the biopharmaceutical industry, and Barry and the leadership team were very supportive of my aspirations. I am proud of what we have accomplished at Sage, and I am convinced that Sage will become the leader in brain health and build a top tier biopharmaceutical company,” said Mike Cloonan.
The Company will not seek to immediately fill the position. Mike’s responsibilities will be assumed by the CEO, with Mike’s support during the transition, as Sage continues planned expansion and acceleration initiatives on its mission to deliver innovative medicines for brain health disorders.
About Sage Therapeutics
Sage Therapeutics is a biopharmaceutical company committed to developing novel therapies with the potential to transform the lives of people with debilitating disorders of the brain. We are pursuing new pathways with the goal of improving brain health, and our depression, neurology and neuropsychiatry franchise programs aim to change how brain disorders are thought about and treated. Our mission is to make medicines that matter so people can get better, sooner. For more information, please visit www.sagerx.com.
