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Acadia Pharmaceuticals nets $282mm in public offering

Executive Summary

Acadia Pharmaceuticals Inc. (develops drugs for neurological and psychiatric disorders) netted $282 mm in a public offering of 10.3mm shares at $29. The company will use the proceeds to fund commercialization of Nuplazid (pimavanserin)--accepted for priority review by the FDA with a PDUFA date of May 1, 2016 in Parkinson’s disease psychosis--and continued development of pimavanserin in additional indications; the candidate is also currently in Phase II for schizophrenia.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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