ACADIA shares rise after the CHMP recommends EU marketing authorization for DAYBU trofinetide, buoyed by positive LAVENDER Phase 3 results. With the stock trading around $26.57 and approaching $28 resistance, momentum looks strong but overbought, while a death cross warns of longer-term caution.
ACAD's Phase 3 trial for carbetocin failed primary efficacy endpoint. CEO assures long-term growth despite recent trial results. Company expects significant sales growth and multiple new study starts by 2026. ACAD stock dropped 11.02% premarket following trial results. Competitor Soleno Therapeutics faces scrutiny for its PWS treatment.
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.