IanFromSI
10 months ago
Acadia Pharmaceuticals surges 32% after win in patent suit over Nuplazid
Dec 13, 2023 10:15 AM ET | ACADIA Pharmaceuticals Inc. (ACAD) | Joshua Fineman, SA News Editor
Acadia Pharmaceuticals (NASDAQ:ACAD)ย jumpedย 32%ย after winning summary judgement in a patent suit regarding its drug Nuplazid, which is used to treat Parkinson's disease. Acadia won the judgement against generic maker MSN Laboratories.
"For the foregoing reasons, the Court grants summary judgement to Acadia," U.S. Disctrict Court Judge Gregory B. Williams wrote in a court opinion on Wednesday.
Acadia (ACAD) filed separate lawsuits last October alleging that copies of Nuplazid infringed a patent, including a lawsuit against MSNย Laboratories
IanFromSI
1 year ago
Shares of Acadia climbed 17% in after-hours trading Thursday.
Price: 30.25, Change: +4.45, Percent Change: +17.25
ACADIA Pharmaceuticals Acquires Ex-North America Rights to Trofinetide, Global Rights to NNZ-2591; Shares Rise After Hours
2023-07-13 05:26:11 PM ET (MT Newswires)
05:26 PM EDT, 07/13/2023 (MT Newswires) -- ACADIA Pharmaceuticals (ACAD) said Thursday it expanded its current licensing agreement for trofinetide, a treatment for Rett syndrome, with Neuren Pharmaceuticals to acquire ex-North American rights to the drug.
The agreement also gives Acadia global rights to Neuren's NNZ-2591 in Rett syndrome and Fragile X syndrome.
Under the agreement, Neuren will receive an upfront payment of $100 million and may receive potential downstream milestone and royalty payments earned separately for trofinetide and NNZ-2591.
Outside of North America, Neuren may receive additional payments for trofinetide upon the achievement of certain revenue milestones and it will also get tiered royalties from the mid-teens to low-twenties percent of trofinetide sales.
Potential future payments to Neuren related to NNZ-2591 in Rett syndrome and Fragile X syndrome are equal to the payments for trofinetide in each of North America and outside North America, Acadia said.
Acadia said it plans to submit a new drug submission for trofinetide in Canada in the next 18 months. It will announce plans for Europe, Asia and other regions at a later date.
Shares of Acadia climbed 17% in after-hours trading Thursday.
Price: 30.25, Change: +4.45, Percent Change: +17.25
IanFromSI
2 years ago
$ACAD is covered by 10 analysts:
Sell zero
Neutral seven
Buy three
RBC Boosts Price Target on ACADIA Pharmaceuticals to $27 From $19, Maintains Outperform Rating
2023-02-28 08:14:38 AM ET (MT Newswires)
08:14 AM EST, 02/28/2023 (MT Newswires) -- ACADIA Pharmaceuticals (ACAD) has an average investment rating of hold among analysts polled by Capital IQ, with price targets ranging from $10 to $28.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
harry crumb
2 years ago
Lmao shorty, the BBโs are far more advanced than you, i kno them well, GL an in the trading world there is a word spelled c o v e r, If i were you i would look up what it means. Enough said, happy trading folks, patienceโฆ. $$$$
gi197845
2 years ago
An ironic twist of fate.
The law of unintended consequences.
Most of you are overly invested in Acadia pharma.
Most of you are deep underwater with your investment.
Most of you have averaged down and even taken out a 2nd mortgage to do so.
Most of you are hoping that Trofinetide will be FDA approved for RETT syndrome on March 12th, 2023.
Most of you think Acadia's share price will rise upon FDA approval.
Most of you are just hoping to break even to bail out of this Titanic boat anchor.
Most of you don't realize that the stock price will dive upon Trofinetide approval.
It costs more to manufacture and sell Trofinetide, than full sales could ever pay for let alone make a profit.
The same is true of Nuplazid, it costs more to manufacture and sell, than any meager "profits" can bring in.
The Baker Brothers only own Acadia pharma stock, as a tax write-off...
Every hedge fund, needs one bad apple in the bunch, just to offset taxes on the other, profitable holdings.
Criss-Cross, you bet the wrong dog!
gi197845
2 years ago
The volume today has been only the selling of shares, back into the public float/pool, no one is buying shares, hence the downward pressure on the stock price. It's simply not true that for every seller, there is a buyer, there are many shares still in the public float that Acadia owns, to sell into the market, for their own financial gain, when and if those shares are purchased. When a person buys a stock out of the public float pool, that money goes directly into Acadia's pockets...
gi197845
2 years ago
OK, that's good but what about this?
https://www.lawow.org/karp-vs-acadia-pharmaceuticals-inc-2021-11-22/
2 people died because Acadia illegally hired a convicted felon as a pharma sales, rep that sold them fentanyl. Unlimited damages and liabilities. Why would Acadia hire a felon? Why does Stephen Davis have his shirt unbuttoned down so far during conference calls?
Uh Oh! what about this lawsuit??? Hmmm...????
NEW ORLEANS, Nov. 11, 2022 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into ACADIA Pharmaceuticals Inc. (NasdaqGS: ACAD).
On July 20, 2020, the Company announced that the FDA had accepted for filing its supplemental new drug application ("sNDA") for its drug candidate, pimavanserin, for the treatment of dementia-related psychosis ("DRP"). Thereafter, the company repeatedly stated the FDA had not identified any potential review issues and reiterated the drug's efficacy. Then, on April 5, 2021, the Company disclosed that the FDA had rejected the sNDA, citing a lack of statistical significance regarding some of the subgroups of dementia and inadequate numbers of patients with some less common dementia subtypes.
harry crumb
2 years ago
Things like that happen with bioโs, itโโs still a promising company to invest in, theres other drug science capable of moving forward just like any other. those who followed us from the beginning of acad, at 2-5$ a share made a ton of wealth over the years whether they flipped in or out at variable times was their choice, its called trading, making wealth. To invest 25k at 3$ pps and to sell at 50 pps is a very large gain of wealth my friend. Those who didnโt sell well donโt blame acad for that. You think the BBโs invested not to sell? Ah, no they sure didnโt. We hold a chunk of acad yet but that is all free shares, no matter what price it goes to. As for other stocks you mentioned, itโs the same, wealth made an just sitting on free shares, who really cares what happens once your initial investment is paid for in gains. GL to you an never be greedy, take profits as u wish
gi197845
2 years ago
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that the Company has received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding its supplemental New Drug Application (sNDA) for NUPLAZID(R) (pimavanserin) for the treatment of hallucinations and delusions associated with Alzheimer's disease psychosis (ADP).
The CRL indicated that the FDA has completed review of the application, determining that it could not approve the sNDA in its present form, and recommended that Acadia conduct an additional trial in ADP. While the FDA stated that Study 019 demonstrated a statistically significant treatment effect on its primary endpoint, they concluded that there are limitations in the interpretability of the 019 results. The FDA also stated that the positive treatment effect of pimavanserin on dementia-related psychosis in Study 045 (HARMONY) appeared to be driven by the robustly positive results in the Parkinson's disease dementia subgroup, a condition they stated is subsumed within the currently approved NUPLAZID Parkinson's disease psychosis (PDP) indication. Up to 50 percent of PDP patients have dementia.(1)
"We are disappointed with this outcome. The treatment of Alzheimer's disease psychosis continues to be an area of high unmet need, for which there is no approved therapy," said Steve Davis, Chief Executive Officer. "We want to express our gratitude to all of the patients, their families and investigators who have participated in our clinical trials."
NUPLAZID was approved in the U.S. in 2016 and is the first and only treatment for hallucinations and delusions associated with PDP.