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IanFromSI

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Wednesday, 12/13/2023 11:23:22 AM

Wednesday, December 13, 2023 11:23:22 AM

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Acadia Pharmaceuticals surges 32% after win in patent suit over Nuplazid

Dec 13, 2023 10:15 AM ET | ACADIA Pharmaceuticals Inc. (ACAD) | Joshua Fineman, SA News Editor

Acadia Pharmaceuticals (NASDAQ:ACAD) jumped 32% after winning summary judgement in a patent suit regarding its drug Nuplazid, which is used to treat Parkinson's disease. Acadia won the judgement against generic maker MSN Laboratories.
"For the foregoing reasons, the Court grants summary judgement to Acadia," U.S. Disctrict Court Judge Gregory B. Williams wrote in a court opinion on Wednesday.
Acadia (ACAD) filed separate lawsuits last October alleging that copies of Nuplazid infringed a patent, including a lawsuit against MSN Laboratories
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