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Acorda Therapeutics up on positive phase 3 results

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Acorda Therapeutics, Inc. (Nasdaq:ACOR) reported positive results from its second phase 3 clinical trial of Fampridine this morning. The drug, which is aimed at improving walking ability in people with multiple sclerosis, did in fact improve the walking speed for people with the disease.

Shares bolted 22%, or $4.83, to $26.39 ahead of the opening bell. For detailed price information and recent news stories about Acorda Therapeutics, click ACOR.