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Benzinga
92 days

These Analysts Boost Their Forecasts On Acadia Pharmaceuticals

1. ACAD secured a favorable court ruling for NUPLAZID's patent protection. 2. The ruling extends protection against generics until 2038. 3. ACAD shares rose by 26.5% following the announcement. 4. Analysts raised price targets for ACADIA after the ruling. 5. Needham and HC Wainwright maintain 'Buy' ratings on ACAD.

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FAQ

Why Very Bullish?

The court ruling secures revenue from NUPLAZID, reducing competitive threats. A historical precedent includes similar positive patent rulings leading to sustained price increases.

How important is it?

This ruling significantly impacts ACAD's market position, revenue prospects, and investor sentiment.

Why Long Term?

The patent extends protection through 2038, providing a long-term revenue safeguard. Past patent successes have led to prolonged stock appreciation.

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