Tuesday, November 27, 2012

Stock Alert - ACADIA Pharma surges in premarket after Parkinson's drug trial results- 11/27/12

ACADIA Pharmaceuticals (ACAD) surges 145.7 percent to $5.65 in premarket after company said its antipsychotic drug for Parkinson's disease succeeded in meeting the primary goal and key secondary goals of a pivotal late stage clinical trial following the success of its Phase III trial for Pimavanserin. "Home run for them," is Jason Napodano's quick take after looking over the data. Of particular interest, he says, is the testing showed no negative impact on motor function, unlike clozapine or quetiapine.

Technical side stock has resistance $6.60 & $7.30.

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