InvestorsHub Logo
Followers 49
Posts 3515
Boards Moderated 0
Alias Born 08/24/2005

Re: None

Friday, 10/04/2013 9:30:35 AM

Friday, October 04, 2013 9:30:35 AM

Post# of 3196
Acadia (ACAD) is one company we have heard some acquisition interest in that makes sense to us at stockmatusow. Its lead product candidate, pimavanserin, designed to treat Parkinson's Disease Psychosis (PDP) has completed a sucessfull phase III trial in November of last year. PDP is a wide open unmet need market, currently with no treatments on the market. Big pharmas are lookin for these types of treatments, as they can basically charge insurance companies what they want under current drug laws in the United States.

A Roth Capital Partners analyst remarked in May of this year that he believes ACAD is on big pharmas' radar as an acquisition target.

Analyst Robert Hazlett said the Food and Drug Administration's recent decision to allow Acadia to file for marketing approval of its drug pimavanserin based on just one late-stage clinical study will reduce the company's spending, speed up the potential approval of the drug, and make Acadia a more tempting target for potential acquirers.

At StockMatusow, we have heard similar buzz over the last few months, and as mentioned, the buzz makes sense to us, in no small part because Acadia has had quite an epic stock run over the last year. The stock has rallied from a little over $1 a share to a current price of $28.84, which represents an increase of over 2800% -- a staggering number. Even with a market cap of over $2B, we feel Acadia could fetch as much as $6B if the FDA approves pimavanserin, which could happen in the next 6 to 8 months.

http://www.biomedreports.com/20131003155880/merger-and-acquisition-rumors-and-news-list.html
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ACAD News