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Raymond James Downgrades Acadia Pharmaceuticals (ACAD) to Market Perform, After Receiving CRL From FDA

Go back to Raymond James Downgrades Acadia Pharmaceuticals (ACAD) to Market Perform, After Receiving CRL From FDA

Goldman Sachs Downgrades Acadia Pharmaceuticals (ACAD) to Neutral, 'Looking for clarity on forward path from Type A meeting'

April 5, 2021 4:32 PM EDT

Goldman Sachs analyst Salveen Richter downgraded Acadia Pharmaceuticals (NASDAQ: ACAD) from Buy to Neutral with a price target of $25.00 (from $73.00).

The analyst comments "This morning, ACAD announced that it had received a complete response letter (CRL) from the FDA for its sNDA for Nuplazid in dementia related psychosis (DRP), which was... More