Advances have been rare in the development of new medicines for psychosis and schizophrenia over past decades, so the reporting of “thrilling” top-line Phase II results for Karuna Therapeutics Inc.’s novel CNS muscarinic receptor-targeted KarXT (xanomeline/trospium) co-formulation has been greeted with some initial enthusiasm by investors.
This enthusiasm was linked to a four-fold increase in Karuna’s share price, from $17.6 to $96.0 per share, on NASDAQ...






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