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05.03.2019 20:36:00

Why Acadia Pharmaceuticals Stock Perked Up in February

Acadia Pharmaceuticals (NASDAQ: ACAD), a mid-cap biopharma, continued its recent rebound last month as its stock gained a healthy 16.5%, according to data from S&P Global Market Intelligence. The drugmaker's shares perked up in late February after the release of its upbeat fourth-quarter and full-year earnings report. Image source: Getty Images.Acadia's stock collapsed last year as the result of a CNN report questioning the safety of its Parkinson's disease psychosis medication Nuplazid. Since the start of 2019, however, the stock has regained a big chunk of this lost ground, thanks to the Food and Drug Administration reaffirming Nuplazid's risk-to-reward profile last September. The big deal is that Nuplazid no longer appears to be at risk of being pulled from the market over safety issues. Continue reading
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