Welcome to our dedicated page for Acadia Pharmaceuticals news (Ticker: ACAD), a resource for investors and traders seeking the latest updates and insights on Acadia Pharmaceuticals stock.
Acadia Pharmaceuticals Inc. develops and commercializes therapies for neurological and rare diseases. Its commercial portfolio includes NUPLAZID (pimavanserin) for hallucinations and delusions associated with Parkinson’s disease psychosis and DAYBUE (trofinetide), including DAYBUE STIX, for Rett syndrome.
Company news commonly covers product revenue from NUPLAZID and DAYBUE, formulation and launch updates for trofinetide, clinical and scientific presentations across neurological disorders, pipeline work in Alzheimer’s disease psychosis, Lewy body dementia psychosis and essential tremor, investor-conference participation, and board or research-and-development leadership changes.
Acadia Pharmaceuticals (NASDAQ: ACAD) announced that the FDA has set a target action date of August 4, 2022 for its resubmitted supplemental New Drug Application for pimavanserin, aimed at treating hallucinations and delusions associated with Alzheimer’s disease psychosis. An FDA Advisory Committee meeting is also planned as part of the review process. With around 30% of Alzheimer's patients experiencing psychosis, the approval could address a critical unmet need in this area, enhancing the lives of patients and caregivers.
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) will present at the Cowen 42nd Annual Health Care Conference on March 9, 2022, at 2:50 p.m. Eastern Time. The conference is virtual, and a live webcast will be available on Acadia’s website, with an archived recording accessible until April 9, 2022.
Acadia focuses on breakthroughs in neuroscience, notably developing the first approved therapy for hallucinations and delusions related to Parkinson’s disease psychosis and is targeting psychosis in dementia, schizophrenia, and Rett syndrome.
Acadia Pharmaceuticals (ACAD) reported a 10% increase in full-year 2021 net sales, totaling $484.1 million, driven by strong NUPLAZID prescription growth. The company has resubmitted its sNDA for pimavanserin targeting Alzheimer's disease psychosis and announced positive results from the Phase 3 Lavender trial for trofinetide in Rett syndrome. Despite a net loss of $167.9 million for 2021, improved cash reserves stand at $520.7 million. Acadia's 2022 guidance includes projected NUPLAZID sales of $510 to $560 million.
Acadia Pharmaceuticals (NASDAQ: ACAD) has resubmitted its supplemental New Drug Application (sNDA) for pimavanserin to the FDA, addressing the issues raised in a Complete Response Letter received in April 2021. The sNDA is aimed at gaining approval for pimavanserin to treat hallucinations and delusions associated with Alzheimer's disease psychosis (ADP). The resubmission includes new analyses from the HARMONY and Study-019 clinical trials, which support the proposed indication. Currently, no FDA-approved treatment exists for ADP.
Acadia Pharmaceuticals will report its fourth quarter and full year 2021 financial results on February 28, 2022, after U.S. market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time on the same day. Participants can access the call via phone or through a live webcast on Acadia's website, where the session will be archived until March 28, 2022. The company has a strong focus on neuroscience and has developed treatments for Parkinson’s disease psychosis and is working on therapies for dementia-related psychosis and schizophrenia.
Acadia Pharmaceuticals (NASDAQ: ACAD) will present at the 11th Annual SVB Leerink Global Healthcare Conference on February 18, 2022, at 1:40 p.m. ET. The event will be held virtually, with a live webcast available on Acadia's website under the investors section. An archived recording will be accessible until March 18, 2022. Acadia focuses on neuroscience breakthroughs, having developed the first approved treatment for Parkinson’s disease psychosis and is advancing therapies for dementia-related psychosis and other CNS disorders.
Acadia Pharmaceuticals and Stoke Therapeutics have formed a collaboration to co-develop RNA-based therapies for severe neurodevelopmental diseases, including SYNGAP1 syndrome and Rett syndrome. Acadia gains exclusive licenses for two additional preclinical programs. Stoke receives a $60 million upfront payment, with potential milestone payments reaching $907 million, along with royalties. The partnership combines Stoke’s TANGO research platform with Acadia’s development expertise, aiming to enhance treatment options for patients with these debilitating conditions.
Acadia Pharmaceuticals (Nasdaq: ACAD) announced its participation in the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at 10:30 a.m. Eastern Time. The event will be held virtually, featuring a live audio-only webcast of Acadia's presentation and Q&A session, which can be accessed on their website and will be available for replay until February 11, 2022.
Acadia focuses on advancing neuroscience breakthroughs, including treatments for psychosis related to Parkinson's disease, dementia, schizophrenia, and Rett syndrome.
Acadia Pharmaceuticals has announced plans to resubmit its supplemental New Drug Application (sNDA) for pimavanserin, aimed at treating hallucinations and delusions associated with Alzheimer's disease psychosis, in the first quarter of 2022. The resubmission will include new analyses from two positive Phase 3 studies, ultimately supporting its clinical benefits without worsening cognitive or motor functions in elderly patients. The company has had constructive discussions with the FDA regarding the resubmission process.
Acadia Pharmaceuticals Inc. has promoted Mark Schneyer to Executive Vice President and Chief Financial Officer (CFO), effective immediately. Schneyer, who served as interim CFO since September 2021, will oversee finance, accounting, investor relations, and business development. CEO Steve Davis expressed confidence in Schneyer’s leadership and experience, highlighting his role in strategic growth initiatives and the acquisition of CerSci Therapeutics. Schneyer joined Acadia in 2020 from Pfizer, bringing extensive experience in corporate finance and strategic transactions.