Acadia Pharmaceuticals Shares Rise 16% After New Target Action Date for Pimavanserin NDA
March 09 2022 - 11:39AM
Dow Jones News
By Chris Wack
Acadia Pharmaceuticals Inc. shares were up 16% to $27.08 after
the company said it has received a target action date of Aug. 4
from the Food and Drug Administration for its resubmitted
supplemental New Drug Application for pimavanserin.
The drug is used in the treatment of hallucinations and
delusions associated with Alzheimer's disease psychosis.
The company said the FDA's Division of Psychiatry has also
advised the company that it is planning to hold an Advisory
Committee meeting in connection with its review.
"We look forward to working with the division during the course
of their review and in preparation for the advisory committee
meeting," said Steve Davis, chief executive of Acadia
Pharmaceuticals. "We look forward to advancing our resubmission
through the review process and potentially bringing this important
new therapy to these families."
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 09, 2022 11:24 ET (16:24 GMT)
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