ACADIA Pharmaceuticals (ACAD) Sees Early Action on Partner Deal

January 23, 2013 9:25 AM EST
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) is on the move early Wednesday which could be related to Allergan, Inc. (NYSE: AGN) deal to acquire MAP Pharmaceuticals, Inc. (NASDAQ: MAPP) for $25 per share, or a 60% premium.

Like MAPP, ACADIA is in a collaboration with Allergan.

Shares last traded at $5.96, up 5%.

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