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Experts See Steady Development For Acadia Pharma’s Nuplazid – ACADIA Pharmaceuticals (NASDAQ: ACAD)

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  • Acadia Pharmaceuticals Inc ACAD reported a Q4 EPS loss of $( 0.26 ), missing out on the agreement of $( 0.24) and also sales of $136.49 million, defeating the agreement of $134.07 million.
  • .(* )For FY23, the firm anticipates Nuplazid sales of $520-$ 550 million contrasted to an agreement of $569.16 million.

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  • Raymond James

  • , keeping a Market Perform ranking, composes that 2023 profits support does not consist of prospective payments from trofinetide, with a PDUFA day of March 12 for Rett Disorder. The expert tasks around $14.5 million in trofinetide profits in 2023. .
  • Provided the absence of therapy alternatives for Rett people, if authorized, there might be solid very early need for trofinetide. Nonetheless, a high attrition price is anticipated, offered its AE account and also moderate advantages.

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  • Past Rett, ACP-204 (next-generation pimavanserin) is interesting yet waits for de-risking information prior to associating worth to the possession.

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  • Needham

  • composes that while the administration sees indicators of stablizing in the PDP market, it is not yet seeing clear-cut indicators of recuperation. The expert anticipates the lower-than-expected Nuplazid support to drive some weak point in the supply. .
  • On the whole, it continues to be on the sidelines to anticipate minimal upside vs. disadvantages. for Nuplazid sales in the close to term and also trofinetide launch.

  • .(* )The expert maintains a Hold ranking.
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  • Cantor Fitzgerald
  • states its Obese ranking and also raises the cost target to $28 from $27.

  • .(* )The expert is hopeful regarding the profits beat complying with the 3Q22 miss out on, with brand-new person includes lasting treatment centers on a vector to going back to pre-pandemic degrees. .(* )The expert additionally keeps in mind current magazines indicating real-world proof sustaining Nuplazid’s set apart professional account, which could supply moderate yet consistent sales development in 2023.
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  • Rate Activity:
  • ACAD shares are up 10.72% at $21.48 on the last check Tuesday.

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  • © 2023 Benzinga.com. Benzinga does not supply financial investment guidance. All civil liberties scheduled.


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