One odd aspect is KRTX appears to have secured a deal with China before acceptance here in the states--
Regarding the Chinese market, Karuna has already inked a deal with Zai Labs. Under the terms of the agreement,
inked in November 2021, it will receive
a $35 million upfront payment and is eligible to receive up to an
additional $80 million in development and regulatory milestones. It is also eligible to receive up to $72 million in sales milestones and low-double-digit to high-teens tiered royalties based on annual net sales of KarXT on the mainland.
You would think that's only if they get approval-- but I am not seeing that and I cannot get behind the fire wall of these Chinese pharma sites... nor do I want their viruses!
Success would equal a move to above $160 within hours <--------------
Plus success would mean a buy out most likely. Just too big a market for a breakthrough new therapy.