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Stock impact report

Parkinson's psychosis drug target of probe [CNN]

ACADIA Pharmaceuticals Inc. (ACAD) 
Last acadia pharmaceuticals inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: CNN
New Parkinson's psychosis drug target of DOJ investigation The drug's maker, Acadia Pharmaceuticals, disclosed the investigation in filings with the Securities and Exchange Commission. Citing a desperate need for a seriously ill population, the Food and Drug Administration approved Nuplazid in 2016 despite a conclusion from the government's medical reviewer that the benefits of the antipsychotic medication didn't outweigh its risks. It is the only drug on the market approved to combat hallucinations and delusions in Parkinson's patients. In November SEC filings, Acadia said it had received a civil investigative demand, or CID, requesting certain documents and information under the False Claims Act, which the federal government uses to recoup fraudulent gains.?The company said it had received the CID in September. It did not provide details, to CNN or in its filings, about what prompted the investigation. Acadia said it is fully cooperating with the government's request and that it wil Show less Read more
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