Pablo Legorreta, Royalty Pharma CEO (Paul Morris/Bloomberg via Getty Images)

Roy­al­ty Phar­ma bets Mer­ck­'s schiz­o­phre­nia drug can go where Pfiz­er, Take­da and Lund­beck­'s couldn’t

Mer­ck, the third-largest phar­ma R&D spender in 2021, has en­list­ed out­side help in fund­ing its mid-stage schiz­o­phre­nia pro­gram as the Big Phar­ma looks to …

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