Acorda takeover reports result in 9% jump

22 January 2018

Shares in neurological diseases specialist Acorda Therapeutics (Nasdaq: ACOR) closed nearly 9% up on Friday following reports that a host of companies are interesting in taking over the US biotech.

Acorda received a refusal to file letter from the US Food and Drug Administration (FDA) last year relating to Inbrija (levodopa inhalation powder), its investigational treatment for symptoms of ‘off’ periods in people with Parkinson’s disease taking a carbidopa/levodopa regimen.

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