Royalty Pharma bets Merck's schizophrenia drug can go where Pfizer, Takeda and...

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via Merck, the third-largest pharma R&D spender in 2021, has enlisted outside help in funding its mid-stage schizophrenia program as the Big Pharma looks to follow in the footsteps of Karuna Therapeutics’ late-stage trial success in the CNS disorder and its immediate financing haul.

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