ACAD Stock Slumps to 5-Month Low on Schizophrenia Setback

ACAD stock

ACAD stock is taking a major hit today, slumping to a new 5-month low after Acadia Pharmaceuticals Inc (NASDAQ:ACAD)’s schizophrenia treatment did not pass a late-stage clinical trial.

Disappointing News

Clinical trials are extremely important events for all pharmaceutical companies, and if there is any deviation from expectations, then it is not good news for any company. It can be particularly damaging if the trial is at the final stages, and that is what happened with Acadia Pharmaceuticals. Late Monday, the company announced that the late-stage trial for its add-on schizophrenia medicine had failed to reach ...

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