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CERE - Here's Why Cerevel Therapeutics Stock Is Shooting Through the Roof Today
Ceres Inc.
Shares of Cerevel Therapeutics Holdings (NASDAQ: CERE) are surging after the Pfizer (NYSE: PFE) spinoff reported topline results for an experimental new schizophrenia drug.
Successful topline data make it look like Pfizer shouldn't have spun off a handful of neuroscience therapy candidates three years ago. Investors excited about the road ahead of Cerevel pushed the stock 95.8% higher as of 11:47 a.m. EDT on Tuesday.