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AbbVie (NYSE: ABBV) Falls 13% After Results for Emraclidine in Schizophrenia Did Not Meet their Primary EndpointAbbVie (NYSE
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The crown jewel in AbbVie’s $8.7-billion acquisition of Cerevel Therapeutics failed to live up to expectations in a pair of Phase II studies for schizophrenia, sending the drugmaker’s shares down up to 13% on Monday.