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Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) is a biopharmaceutical company headquartered in San Diego, California, dedicated to the development and commercialization of innovative medicines to address unmet medical needs in central nervous system (CNS) disorders. Established with a commitment to scientific excellence and leadership in CNS research, Acadia's proprietary drug discovery platform has enabled the creation of a robust portfolio targeting conditions such as Parkinson's disease psychosis, Alzheimer's disease psychosis, Rett syndrome, and schizophrenia.
Acadia's pivotal achievements include the development and commercialization of NUPLAZID, the first and only FDA-approved treatment for hallucinations and delusions associated with Parkinson’s disease psychosis, and DAYBUE, the first and only FDA-approved drug for the treatment of Rett syndrome. The company's clinical-stage development efforts are focused on treating the negative symptoms of schizophrenia, Prader-Willi syndrome, Alzheimer's disease psychosis, and other neuropsychiatric symptoms in CNS disorders.
Situated in San Diego, one of the largest biotechnology hubs in the United States, Acadia benefits from proximity to over 400 companies and renowned research institutions like the Salk Institute for Biological Studies. This strategic location supports Acadia's mission to bring groundbreaking therapies to patients in need.
Financially, Acadia has shown significant growth, with total revenues reaching $205.8 million for the first quarter of 2024, reflecting a 74% year-over-year increase, largely due to the strong market performance of NUPLAZID and the addition of DAYBUE. The company continues to invest in its pipeline and commercial operations, maintaining a solid cash position with $470.5 million in cash, cash equivalents, and investment securities as of March 31, 2024.
Recent highlights include participation in major healthcare conferences, strategic appointments to enhance leadership in research and development, and ongoing efforts to expand the reach of DAYBUE beyond the U.S. market. Acadia’s unwavering dedication to advancing neuroscience and improving patient outcomes underscores its long-term growth potential and commitment to innovation in the biopharmaceutical landscape.
Acadia Pharmaceuticals will announce its first quarter financial results on May 8, 2023, after market close. A conference call and webcast will occur on the same day at 4:30 p.m. Eastern Time for discussing these results and company operations. The call will be available on Acadia's website and archived until June 7, 2023. Acadia is recognized for its innovative therapies in neuroscience, particularly for conditions like Parkinson’s disease psychosis and Rett syndrome. The company continues to focus on developing solutions for negative symptoms of schizophrenia and Alzheimer’s-related issues. Investors should note that forward-looking statements regarding future events may contain risks and uncertainties that could affect actual results.
Acadia Pharmaceuticals (NASDAQ: ACAD) announced the presentation of four posters at the American Academy of Neurology (AAN) annual meeting from April 22 to 27, 2023, in Boston, Mass. The posters include a secondary analysis of communication-related endpoints from the Phase 3 LAVENDER™ study and an interim analysis of the DAFFODIL™ study. Notable presentations involve real-world physician surveys and an analysis of healthcare resource utilization in Rett syndrome patients. The poster P13 highlights the benefits of Trofinetide compared to placebo in communication abilities among individuals with Rett syndrome, thus showcasing the drug's potential. Rett syndrome is a rare neurological disorder affecting approximately 6,000 to 9,000 patients in the U.S., with Trofinetide being a key treatment option.
Acadia Pharmaceuticals has launched DAYBUE (trofinetide), the first FDA-approved therapy for Rett syndrome, a neurodevelopmental disorder affecting 6,000 to 9,000 patients in the U.S. The drug is available for individuals aged two and older and was officially approved on March 10, 2023. The company emphasizes its commitment to patient support, expanding the Acadia Connect program to enable access to this therapy through financial assistance and prescription support. Notable endorsements from healthcare professionals highlight DAYBUE's potential to improve symptoms and enhance patients' quality of life.
Common side effects include diarrhea (experienced by 85% of patients) and weight loss (12% had losses exceeding 7%). Acadia continues to focus on treatments addressing unmet medical needs in the field of neuroscience.
Acadia Pharmaceuticals (Nasdaq: ACAD) will present at the 22nd Annual Needham Virtual Healthcare Conference on April 18, 2023, at 1:30 p.m. Eastern Time. The conference will be held virtually, and a live webcast of the presentation can be accessed on the company’s website under the investors section. An archived recording will be available for about one month post-event.
Acadia Pharmaceuticals specializes in advancing neural breakthroughs, having developed the first therapies for hallucinations and delusions associated with Parkinson’s disease psychosis and for Rett syndrome. Its clinical efforts are aimed at addressing symptoms of several central nervous system disorders, including schizophrenia and Alzheimer’s disease psychosis.
Acadia Pharmaceuticals has received FDA approval for DAYBUE (trofinetide), the first and only treatment for Rett syndrome affecting 6,000 to 9,000 patients in the U.S. The drug is expected to be available by the end of April 2023.
The approval is supported by the pivotal Phase 3 LAVENDER study, which demonstrated statistically significant improvements in Rett symptoms compared to placebo. Additionally, Acadia received a Rare Pediatric Disease Priority Review Voucher.
Acadia’s CEO stated the approval marks a crucial milestone for patients and families lacking treatment options.
Acadia Pharmaceuticals Inc. reported full-year 2022 net sales of $517.2 million, a 7% increase from 2021, driven by strong demand for NUPLAZID®. The fourth-quarter sales reached $136.5 million, up 4% year-over-year. The company anticipates a transformative 2023, with a PDUFA action date for trofinetide set for March 12, 2023. However, Acadia reported a net loss of $216 million for 2022, increasing from $167.9 million the previous year. For 2023, projected net sales for NUPLAZID are between $520 million to $550 million.
Acadia Pharmaceuticals (NASDAQ: ACAD) will announce its fourth quarter and full year 2022 financial results on
The company will host a conference call and webcast that same day at
Acadia is focused on neuroscience breakthroughs, developing therapies for conditions like Parkinson's disease psychosis, schizophrenia, and Alzheimer's disease psychosis.
Acadia Pharmaceuticals announced the grant of inducement awards on February 10, 2023, to 19 new employees under its 2023 Inducement Plan. This includes non-qualified stock options for 310,065 shares and 97,251 restricted stock units (RSUs). The options have an exercise price of $18.97 and will vest over four years. Notably, Douglas J. Williamson, the new Executive VP of Research & Development, received options for 237,296 shares and RSUs for 50,655 shares. These awards are designed to incentivize new hires and comply with Nasdaq regulations.
Acadia Pharmaceuticals has appointed Dr. Doug Williamson as Executive Vice President, Head of Research and Development. Dr. Williamson, succeeding Dr. Srdjan Stankovic, brings over 20 years of neuroscience R&D experience, most recently serving as Chief Medical Officer at Avadel Pharmaceuticals. His leadership is expected to play a crucial role as Acadia prepares for the potential approval of trofinetide for Rett syndrome and advances its clinical programs. This strategic move aims to strengthen Acadia's position in the neuroscience market during a pivotal time.
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