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Bright Minds initiated at outperform by Baird, Longboard takeover cited (NASDAQ:DRUG)

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Baird initiated coverage of Bright Minds Biosciences (NASDAQ:DRUG) with an outperform rating, citing the planned acquisition of rival Longboard Pharmaceuticals (LBPH).

Bright Minds’ (DRUG) lead agent, BMB-101, is a 5-HT2C agonist entering Phase 2 testing for developmental epileptic encephalopathy, or DEE, and absence

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