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 Inc. (Nasdaq: ACAD) announced its participation in the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 3:00 p.m. Eastern Time. The event will be held virtually, with a live webcast available on Acadia's website, www.acadia-pharm.com. An archived recording will be accessible until September 12, 2021. Acadia specializes in neuroscience, focusing on therapies for Parkinson's disease psychosis and exploring new treatments for dementia-related psychosis and other CNS disorders.
Acadia Pharmaceuticals (Nasdaq: ACAD) reported Q2 2021 financial results, with NUPLAZID sales reaching $115.2 million, a 5% increase year-over-year. The company is engaging with the FDA regarding pimavanserin for dementia-related psychosis after a recent Type A meeting. However, they face challenges in conducting further subgroup studies. R&D expenses decreased to $56.9 million, while SG&A expenses rose to $96.8 million. Acadia's net loss for Q2 was $43.9 million. Guidance for NUPLAZID sales has been reduced to $480-$515 million due to the pandemic impacting patient visits.
Acadia Pharmaceuticals announced positive results from the Phase 3 HARMONY study, published in the New England Journal of Medicine, evaluating pimavanserin for treating hallucinations and delusions in dementia-related psychosis (DRP). The study, involving 392 patients, showed a 2.8-fold reduction in relapse risk for those continuing pimavanserin compared to placebo (HR=0.35, p=0.005). Pimavanserin also proved well-tolerated with no cognitive decline. This represents a significant advancement in addressing an unmet need, as no FDA-approved treatments exist for DRP.
Acadia Pharmaceuticals (Nasdaq: ACAD) will release its second quarter 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 4:30 p.m. Eastern Time to discuss these results. Participants can access the call via dial-in numbers or through a live webcast available on Acadia's website. The company continues to focus on neuroscience breakthroughs, particularly in developing therapies for conditions such as dementia-related psychosis and schizophrenia, while also noting the risks associated with drug development.
Acadia Pharmaceuticals (Nasdaq: ACAD) announced three scientific presentations on dementia-related psychosis at the Alzheimer’s Association International Conference 2021, occurring July 26-30 in Denver and virtually.
The presentations include two studies on pimavanserin used alongside antidementia medications, focusing on safety outcomes and pharmacokinetic profiles. A third study will introduce a novel screening tool for psychosis in dementia.
These findings aim to enhance understanding and treatment strategies for patients with neurodegenerative conditions.
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) has published new data from an open-label extension study regarding the efficacy of NUPLAZID for treating hallucinations and delusions in patients with Parkinson’s disease psychosis (PDP). The study revealed sustained efficacy for patients previously on a 34 mg dose of NUPLAZID from Weeks 6 to 10. Approximately 50% of Parkinson’s patients may experience these troubling symptoms, which can significantly impact quality of life. The findings reinforce NUPLAZID's position as a critical first-line therapy for PDP.
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) announced the publication of open-label extension (OLE) data showing sustained efficacy of NUPLAZID (34 mg) for treating hallucinations and delusions in Parkinson's disease psychosis (PDP). Patients previously on lower doses demonstrated improvement after switching to NUPLAZID. The OLE study involved 459 patients, of which 424 were assessed, revealing significant symptom improvements. Adverse events were reported by 46.8% of patients, mostly mild, with some serious cases. This data reinforces NUPLAZID's role as a first-line therapy for PDP.
Acadia Pharmaceuticals (Nasdaq: ACAD) announced its participation in two upcoming virtual investor conferences. The Jefferies 2021 Virtual Healthcare Conference will feature a fireside chat on June 2, 2021, at 1:30 p.m. ET, followed by the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021, at 2:10 p.m. ET. Live webcasts of both presentations will be available on Acadia's website, with archived recordings accessible for one month post-event. Acadia is focused on neurological solutions, including therapies for Parkinson's disease psychosis and dementia-related psychosis.
Acadia Pharmaceuticals reported Q1 2021 financial results with net sales of NUPLAZID (pimavanserin) at $106.6 million, an 18% increase year-over-year. The company faces challenges, having received a Complete Response Letter from the FDA regarding its sNDA for dementia-related psychosis. R&D expenses decreased to $57 million, while SG&A expenses rose to $111.7 million. Acadia reiterated NUPLAZID net sales guidance of $510-$550 million but revised R&D and SG&A guidance downwards, reflecting strategic adjustments. The company had a net loss of $66.4 million for the quarter.
Acadia Pharmaceuticals (Nasdaq: ACAD) will participate in two upcoming virtual investor conferences. The BofA Securities 2021 Health Care Conference is on May 12, 2021, at 2:45 p.m. ET, followed by the RBC Capital Markets Global Healthcare Conference on May 18, 2021, at 3:05 p.m. ET. Live webcasts will be available on the company's website, with archived recordings accessible for about a month afterward. Acadia focuses on advancing neuroscience solutions for conditions like Parkinson's disease psychosis and dementia-related psychosis.