Acadia Pharma (ACAD) to Offer $200M in Common Stock

August 8, 2016 4:02 PM EDT

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ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) announced that it intends to offer and sell, subject to market and other conditions, $200,000,000 of its common stock in an underwritten public offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

J.P. Morgan Securities LLC, Goldman, Sachs & Co. and BofA Merrill Lynch are acting as the joint book-running managers for the offering. ACADIA intends to grant the underwriters a 30-day option to purchase an additional $30,000,000 of its common stock.

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