Jeff Jonas leaves Sage Therapeutics to launch biotech incubator

Longtime Sage Therapeutics executive Jeff Jonas is leaving the biotech company to launch a biotech incubator with global investment giant CBC Group.

Sage announced this week that Jonas would leave the company to join a private equity firm. He has been part of the C-suite at Sage Therapeutics since 2013. He helped the company go public, build a pipeline of new antidepressants and other psychiatric medications, and sign a $1.5 billion deal with Biogen.

Jonas’ next step came to light on Thursday, when CBC announced that it has hired Jonas to lead a new biotech incubator called ABiox-X. CBC is funneling $150 million into the incubator, having closed a $1.67 billion health care fund in April.

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