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Acorda Stock Soars on European Surprise

12:42 EDT 20 May 2011 |

The European Medicine Agency (EMA) recommended conditional marketing authorization of Acorda Therapeutics’ (NASDAQ: ACOR) prolonged-release multiple sclerosis drug, fampridine (Fampyra), for the improvement of walking in adult patients, according to a press release. Surprised investors pushed Acorda’s stock up 13% in morning trading to $30.22. The reversal of opinion was unexpected because even though the drug was [...]

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