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Karuna Therapeutics KRTX

HealthcareMarket cap $13B1 connection

Karuna Therapeutics developed KarXT (xanomeline-trospium) - the first truly novel antipsychotic mechanism in decades, acting on muscarinic receptors rather than dopamine. It was acquired by Bristol-Myers Squibb for $14B in 2024. KarXT could replace older antipsychotics that cause severe weight gain and tardive dyskinesia in schizophrenia patients.

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