Just before BMS agreed its takeover of Karuna, AbbVie offered $8.7 billion to buy Cerevel, another company with a new take on schizophrenia treatment.

BMS’ move for Karuna comes a few weeks after AbbVie agreed an $8.7 billion deal to acquire Cerevel Therapeutics, another company developing a schizophrenia drug with a novel mechanism of action.

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