"The Girl With the Dragon Tattoo" helmer, Niels Arden Oplev will direct the project, reported Variety.
David Blackman and Laurence Mark are producing the film penned by Ben Ripley.
The original film had famous Hollywood faces like Julia Roberts, Kiefer Sutherland, Oliver Platt, William Baldwin and Kevin Bacon.
The story revolves around a team of medical students who were experimenting with near-death experiences in an attempt to learn about the afterlife.
Page, 28, is expected to play the role previously played by Roberts.