Shares in Cerevel Therapeutics jumped as much as 136% Tuesday after the company reported "clinically meaningful and statistically significant" Phase Ib study results for CVL-231, a muscarinic M4-selective positive allosteric modulator .
KarXT significantly reduced both positive and negative of symptoms of schizophrenia without the common problematic side effects of current antipsychotic therapies.
Danish drugmaker Lundbeck saw more than a quarter of the value wiped off its shares yesterday after its top pipeline prospect, a drug for schizophrenia, missed the mark in a phase III trial.....