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News Breaks
November 27, 2012
10:34 EDTACADAcadia jumps over 150% following positive trial results
Acadia Pharmaceuticals surged over 150% in mid-morning trading after the company said its Pimavanserin drug for Parkinson's disease succeeded in meeting the primary goal and key secondary goals of a Phase III trial. In the study, which evaluated the efficacy, tolerability and safety of Pimavanserin in patients with Parkinson's disease psychosis, or PDP, Acadia said Pimavanserin met the primary endpoint of the trial by demonstrating highly significant antipsychotic efficacy as measured using the 9-item SAPS-PD scale. In addition, the drug met the secondary endpoint for motoric tolerability and clinical benefits were observed in all exploratory efficacy measures with significant improvements in nighttime sleep, daytime wakefulness and caregiver burden. Roger G. Mills, M.D., Acadia's EVP of Development, commented that "benefits of Pimavanserin were seen by patients, caregivers and investigators, as well as the independent raters." Acadia said it will continue ongoing preparations for a confirmatory Phase III trial, which will use the same design. Acadia is trading up $3.54, or 153.48%, to $5.82 in mid-morning trading.
News For ACAD From The Last 14 Days
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April 20, 2015
07:18 EDTACADAmerican Academy of Neurology to hold annual meeting
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April 16, 2015
10:00 EDTACADOn The Fly: Analyst Initiation Summary
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06:38 EDTACADACADIA initiated with an Outperform at Leerink
Leerink started shares of ACADIA with an Outperform rating saying the recent pullback following the pimavanserin new drug application delay provides a buying opportunity. The firm set a $48 price target for the stock.
April 14, 2015
07:05 EDTACADNeedham to hold a conference
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