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ACADIA PHARMACEUTICALS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of ACADIA Pharmaceuticals Inc. - ACAD

ACADIA Pharmaceuticals Inc. (ACAD) 
Last acadia pharmaceuticals inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into ACADIA Pharmaceuticals Inc. (NasdaqGS: ACAD).On July 20, 2020, the Company announced that the FDA had accepted for filing its supplemental new drug application (“sNDA”) for its drug candidate, pimavanserin, for the treatment of dementia-related psychosis (“DRP”). Thereafter, the company repeatedly stated the FDA had not identified any potential review issues and reiterated the drug’s efficacy. Then, on April 5, 2021, the Company disclosed that the FDA had rejected the sNDA, citing a lack of statistical significance regarding some of the subgroups of dementia and inadequate numbers of patients with some less common dementia subtypes.Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose ma Show less Read more
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