Actionable news
0
All posts from Actionable news
Actionable news in ACAD: ACADIA Pharmaceuticals Inc.,

H.C. Wainwright: Acadia Is More Than A One-Trick Pony

ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) on Tuesday reported second-quarter earnings, which consisted of a better than expected loss per share (53 cents versus expectations for 62 cents)and a revenue beat ($35.6 million versus expectations for $32.03 million).

Sales of the company's only therapy, Nuplazid, saw a notable uptake from $5.27 million in the same quarter a year ago.

The Analyst

H.C. Wainwright & Co's Andrew Fein.

The Rating

Fein maintains a Buy rating on Acadia's stock with an unchanged $60 price target.

The Thesis

Acadia's third-quarter earnings, highlighted by strong sales of Nuplazid and a more encouraging full-year revenue guidance shows the "solid underlying market dynamics and validation" of Nuplazid's value, Fein said in his report.

Nuplazid's momentum seen in the quarter could be sustained over time due to various factors, including specialty LTC, awareness campaigns, patient and physician satisfaction, and psychiatrists/neurologists engagement.

The company could see success in its pimavanserin therapy which has "multiple shots on goal to expand the label into other patient populations, and it may be positioned as a general antipsychotic drug."

Selling The News In Acadia Pharmaceuticals

Pros And Cons Of All The News Out Of Acadia Pharma This Week

View More Analyst Ratings for ACAD
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


More