On Monday, shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), subtract -3.05% and shut at $28.63 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $28.15 and $29.81. ACADIA Pharmaceuticals Inc. (ACAD), a biopharmaceutical company focused on innovative treatments that address unmet medical needs in central nervous system disorders, recently declared the initiation of ADVANCE, a Phase II study to evaluate pimavanserin for adjunctive treatment in patients with negative symptoms of schizophrenia. Studies show that about 40 to 50 percent of schizophrenia patients suffer from prominent negative symptoms. There is presently no drug approved by the U.S. Food and Drug Administration for the treatment of these negative symptoms. As a selective serotonin inverse agonist (SSIA), pimavanserin is a new class of antipsychotic medication with a distinct mechanism of action targeting serotonergic 5-HT2A receptors while avoiding activity at dopamine and other receptors commonly targeted by other antipsychotics.
“Presently available treatments do not adequately address negative symptoms of schizophrenia, which are highly prevalent and contribute significantly to the long term disability and functional impairment of people with this disease,” said Serge Stankovic, M.D., M.S.P.H., ACADIA’s Executive Vice President, Head of Research and Development. “With its highly selective pharmacological profile, we believe pimavanserin may address this unmet need and improve clinical outcomes for these patients.”
Shares of Liberty Interactive Group (NASDAQ:QVCA), remained flat and shut at $21.07 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $20.88 and $21.29. The association’s commercial center capitalization is $13.80 Billion with the general uncommon loads of 466.95 million. Liberty Interactive Corporation (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) (“Liberty Interactive”) and Liberty Expedia Holdings, Inc. (Nasdaq: LEXEA, LEXEB) (“Liberty Expedia”) have revised the stock cost basis information offered on their respective websites regardingthe November 4, 2016 split-off of Liberty Expedia from Liberty Interactive (the “split-off”). Stockholders influenced by the split-off who formerly reviewed the stock basis information offered by Liberty Interactive and Liberty Expedia are encouraged to review the revised information.