These Analysts Boost Their Forecasts On Acadia Pharmaceuticals
The court ruling secures revenue from NUPLAZID, reducing competitive threats. A historical precedent includes similar positive patent rulings leading to sustained price increases.
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The court ruling secures revenue from NUPLAZID, reducing competitive threats. A historical precedent includes similar positive patent rulings leading to sustained price increases.
What happened, with direct paths to the underlying reporting
ACAD secured a favorable court ruling for NUPLAZID's patent protection. The ruling extends protection against generics until 2038. ACAD shares rose by 26.5% following the announcement. Analysts raised price targets for ACADIA after the ruling. Needham and HC Wainwright maintain 'Buy' ratings on ACAD.
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