Acadia Pharmaceuticals Inc. - ACAD STOCK NEWS

Acadia Pharmaceuticals (Nasdaq: ACAD) has agreed to sell its Rare Pediatric Disease Priority Review Voucher (PRV) for $150 million. The PRV was granted in March 2023 following FDA approval of DAYBUE™ for Rett syndrome treatment. Under a previous license agreement with Neuren Pharmaceuticals, Acadia must pay one-third of the net proceeds to Neuren. The company plans to use the proceeds to support commercial operations, R&D programs in central nervous system and rare disease, and future business development. The transaction is subject to customary closing conditions, including HSR Antitrust Act requirements.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) has announced that it will release its third quarter financial results on Wednesday, November 6, 2024, after the U.S. financial markets close. The company's management team will host a conference call and webcast at 4:30 p.m. Eastern Time on the same day to discuss the results and operations.

Investors can access the conference call through Acadia's website or by registering for the call to receive dial-in details. The call recording will be archived on the company's website until December 6, 2024.

Acadia is known for developing the first FDA-approved drug for hallucinations and delusions associated with Parkinson's disease psychosis, as well as the first approved drug in the U.S. and Canada for Rett syndrome treatment. The company's clinical-stage efforts focus on Prader-Willi syndrome, Alzheimer's disease psychosis, and other neuropsychiatric symptoms in CNS disorders.

Acadia Pharmaceuticals announced that Health Canada has approved DAYBUE™ (trofinetide) for the treatment of Rett syndrome in patients two years and older. This marks the first and only therapy approved in Canada for this rare neurodevelopmental disorder, which affects an estimated 600 to 900 patients in the country.

The approval was based on positive results from the Phase 3 LAVENDER™ study, which showed statistically significant improvements in the co-primary endpoints: the Rett Syndrome Behaviour Questionnaire (RSBQ) total score and the Clinical Global Impression-Improvement (CGI-I) scale score at week 12.

Rett syndrome primarily affects females and is characterized by regression following normal development in the first two years of life. Symptoms include loss of communication skills, purposeful hand use, and gait abnormalities. The approval of DAYBUE represents a significant milestone for patients and their families, offering a specific therapy for a condition that previously only had symptomatic management options.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) has announced inducement grants to thirteen new employees under its 2024 Inducement Plan. The Compensation Committee approved non-qualified stock options to purchase 111,631 shares of common stock and 30,484 restricted stock units (RSUs). The stock options have an exercise price of $14.72 per share, based on Acadia's closing price on October 3, 2024. Both stock options and RSUs will vest over four years, subject to continued employment. This grant aligns with Nasdaq Listing Rule 5635(c)(4).

Acadia Pharmaceuticals is known for developing the first FDA-approved drug for hallucinations and delusions in Parkinson's disease psychosis and for Rett syndrome treatment. The company is currently focusing on clinical-stage development for Prader-Willi syndrome, Alzheimer's disease psychosis, and other neuropsychiatric symptoms in CNS disorders.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) announced on September 23, 2024, that its Board of Directors granted Catherine Owen Adams, the new Chief Executive Officer, a one-time sign-on equity award. The award consists of:

1. 353,261 options to purchase Acadia's common stock at $16.29 per share, vesting 25% on the first anniversary and monthly over the next three years.

2. 160,763 performance stock units, earnable based on relative total shareholder return metrics over three years (0-150% of target).

These Inducement Awards were approved under Acadia's 2024 Inducement Plan in accordance with Nasdaq Listing Rule 5635(c)(4). Acadia is known for developing the first FDA-approved drugs for Parkinson's disease psychosis and Rett syndrome, with ongoing clinical-stage efforts in Prader-Willi syndrome and Alzheimer's disease psychosis.

Acadia Pharmaceuticals (Nasdaq: ACAD) has announced that Catherine Owen Adams has succeeded Steve Davis as Chief Executive Officer and joined the company's Board of Directors. Ms. Owen Adams brings over 25 years of pharmaceutical industry experience, including senior commercial leadership roles at Bristol Myers Squibb and Johnson & Johnson.

Ms. Owen Adams most recently served as Senior Vice President and General Manager, U.S., at Bristol Myers Squibb, where she led a $20 billion commercial business. Her extensive experience includes overseeing major product launches and leading large teams across multiple countries. The Board of Directors expressed confidence in her ability to guide Acadia through its next phase of growth, capitalizing on the company's strengths in treating central nervous system disorders and rare diseases.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) has announced its participation in two upcoming investor conferences in New York, NY:

• Morgan Stanley 22nd Annual Global Healthcare Conference on September 4, 2024, at 4:50 p.m. Eastern Time
• Baird 2024 Global Healthcare Conference on September 11, 2024, at 9:40 a.m. Eastern Time

Both events will feature fireside chats, which will be livestreamed on Acadia's website and archived for approximately one month. Acadia, a neuroscience-focused company, has developed FDA-approved treatments for Parkinson's disease psychosis and Rett syndrome. Their ongoing clinical research targets Prader-Willi syndrome, Alzheimer's disease psychosis, and other neuropsychiatric symptoms in CNS disorders.

Ryan Reynolds and Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) have launched the 'More to Parkinson's®' campaign to raise awareness about Parkinson's-related hallucinations and delusions. These non-motor symptoms affect around 50% of Parkinson's patients, but up to 90% don't report them to their doctors. Reynolds and his mother Tammy share their experiences caring for Ryan's late father, who had Parkinson's disease, to educate others about these under-recognized symptoms.

The campaign aims to encourage open discussions between patients, caregivers, and healthcare providers about managing these symptoms. It includes videos and resources on MoretoParkinsons.com, covering topics such as risk factors, symptom identification, and treatment options. The initiative seeks to address the significant gap in awareness and understanding of these non-motor symptoms, which can be more distressing than motor symptoms associated with Parkinson's disease.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) has announced its participation in a fireside chat at the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024 at 10:00 a.m. Eastern Time. The event will be webcast live on Acadia's website and archived for approximately one month.

Acadia is a neuroscience company with a 30-year history of developing breakthrough treatments. They have FDA-approved drugs for Parkinson's disease psychosis and Rett syndrome. Their current clinical-stage efforts focus on Prader-Willi syndrome, Alzheimer's disease psychosis, and other neuropsychiatric symptoms in CNS disorders.