ACADIA Pharmaceuticals, Inc. (NASDAQ:ACAD)

CAPS Rating: 2 out of 5

The Company is a biopharmaceutical company focused on the discovery, development, and commercialization of small molecule drugs for the treatment of central nervous system disorders.

Recs

1
Player Avatar zzlangerhans (99.69) Submitted: 11/29/2011 11:37:21 PM : Outperform Start Price: $0.98 ACAD Score: +47.36

Acadia has now completely retraced last spring's stirrapulated price spike to 3 and may be headed closer to last fall's all-time low of 0.66. 36M in cash now backs a 51M market cap and quarterly burn is hanging around 5M as the clock ticks towards topline data for study 020 of pimavanserin in Parkinson's psychosis in mid-2012. I've faceplanted on many bottom-feeding moonshot picks over the last couple of years (see Hemispheryx, Cel-Sci, Rexahn, and more than a few others), so I wouldn't bet that this is the end of the drop for Acadia. But I do think this will be a stock to watch closely as phase III data approaches. As for the results? The prior failure of pimavanserin in two phase III trials for the same indication doesn't bode well.

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