Acadia Pharmaceuticals Rises 35% After Patent Win for Nuplazid

Published 1 hours agoACAD

Acadia Pharmaceuticals Rises 35% After Patent Win for Nuplazid

Acadia Pharmaceuticals Inc. saw its stock soar following a crucial court ruling that upheld the validity of a key patent for its drug, Nuplazid. On December 13, 2023, the U.S. District Court for the District of Delaware ruled in favor of Acadia by affirming the '740 composition of matter patent for Nuplazid. This decision bars generic versions until 2030, securing Acadia's competitive edge with this Parkinson's disease medication. The company's stock surged approximately 35% after the announcement, signaling robust investor confidence in the drug's continued exclusivity.

According to Zacks, the favorable court decision significantly enhanced Acadia's stock performance. The stock reached an intraday high of $25.00, with a closing price of $23.85, reflecting a change of $6.25 from the previous close. This increase aligns with investors' optimism about the sustained market presence of Nuplazid, which remains the first FDA-approved treatment for hallucinations and delusions associated with Parkinson's disease psychosis.

Alongside the re-affirmed '740 patent, Acadia also holds other critical patents, including a method of use patent for the 10mg tablet that extends to 2037, and formulation patents for the 34mg capsule until 2038. This breadth of patent coverage positions Nuplazid firmly in the market, continuing to contribute significantly to the company's revenue stream. The legal success empowers Acadia with a fortified stance in the pharmaceutical market, reinforcing its financial prospects over the coming years.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Boeing Close to Non-Prosecution Deal Over 737 MAX Crashes

Boeing Close to Non-Prosecution Deal Over 737 MAX Crashes

11 minutes agoBA

Boeing is reportedly on the verge of securing a non-prosecution agreement with U.S. prosecutors, which would help the aviation giant avoid a guilty plea in the criminal fraud case linked to the tragic 737 MAX crashes. This agreement, if confirmed, would also avert a trial set for June 23, 2025, concerning allegations that Boeing misled regulators about a crucial flight control system, according to a report by Reuters. The potential agreement requires judicial approval and is not yet finalized. Victims' families have voiced their disappointment with the proposed deal, believing Boeing should be held accountable in a courtroom for its involvement in the fatal accidents. The company's troubles stem from previous controversies, including a rejected plea deal where Boeing had agreed to pay a $487.2 million fine. The deal was dismissed last December due to issues related to a diversity provision in the selection of an independent monitor, as reported by the Associated Press. Boeing's strategy appears to focus on settling legal challenges following the crashes while avoiding additional courtroom battles. Despite the criticism from victims' families, Boeing remains committed to resolving outstanding legal issues, although the proposed non-prosecution agreement still requires final approval from a judge.

Macy's Increases Quarterly Dividend by 5%

Macy's Increases Quarterly Dividend by 5%

26 minutes agoM

Macy's, Inc. has announced a 5% boost in its quarterly dividend, now set at $0.1824 per share, which marks an increase from the previous $0.1737 per share. This dividend is scheduled for payment on April 1, 2025, with the record date for shareholders on March 14, 2025. The annualized dividend now stands at $0.73 per share, providing a yield of approximately 5.45%, according to Marketbeat. The payout ratio is reported at 29.4%, demonstrating that the dividend is well-supported by the company's earnings. This increase signals Macy's ongoing dedication to enhancing shareholder value through consistent dividend growth. As noted on their investor relations site, the company's financial strategies continue to focus on returning capital to investors.

Charter Communications to Acquire Cox Communications in $34.5 Billion Deal

Charter Communications to Acquire Cox Communications in $34.5 Billion Deal

56 minutes agoCHTR

Charter Communications, known for operating under the Spectrum brand, has landed an agreement to acquire Cox Communications in a deal valued at $34.5 billion. This strategic merger will unite two of the largest cable operators in the United States, effectively establishing the largest broadband operator in the country. As AP News reported, the acquisition signifies a major shift in the cable industry landscape. In terms of financial specifics, the agreement includes $21.9 billion in equity for Cox, with the total valuation encompassing Cox's debt obligations. Moreover, Cox Enterprises will maintain a significant presence in the merged entity by retaining a 23% ownership stake and will also receive $4 billion in cash. As part of the leadership arrangements, Charter's CEO, Chris Winfrey, will helm the newly combined company, while Cox's CEO, Alex Taylor, will serve as Chairman of the Board. The merged company will eventually operate under the Cox Communications brand within a year of finalizing the deal. While Charter's headquarters will stay put in Stamford, Connecticut, there will still be a considerable operational presence at Cox's facility in Atlanta. The merger still awaits regulatory and Charter's shareholder approvals, and according to AP News, Charter's stock surged more than 4% amidst the announcement, reflecting investors' optimism about this significant industry consolidation.

Super Micro Computer Sees Stock Gains After Earlier Dip

Super Micro Computer Sees Stock Gains After Earlier Dip

1 hours agoSMCI

Super Micro Computer's stock, trading under the ticker SMCI, has shown a recent recovery, posting a 7.6% increase as of May 16, 2025. The stock is currently priced at $47.30, up from the previous close. This follows a period of volatility triggered by various market factors including its revised revenue forecast. Notably, Reuters reported a drop of 16% in the share price late April when the company adjusted its third-quarter financial expectations downward due to delayed customer spending and global trade issues. Super Micro's stock performance has been significantly impacted by its ventures into artificial intelligence. Back in October 2024, the company reported shipping over 100,000 GPUs per quarter amid high demand for AI technologies, which had resulted in a 14% rise in its stock price. The ongoing interest and growth in AI have continued to play a crucial role in shaping investor confidence and stock market performance for Super Micro. Analysts have provided optimistic forecasts with Loop Capital raising its price target to $1,500 per share, while Argus Research suggested a $1,350 target, both citing the company's strong position in AI infrastructure. The broader market context shows the AI sector expanding rapidly, and companies like Super Micro are at the forefront of this growth, making their stock a focal point for stakeholders keen on AI advancements.