Acadia Pharmaceuticals Inc. reported strong financial results for the fourth quarter and full year 2023, with total net product sales of $726.4 million, reflecting a 40% revenue growth. The company saw fourth quarter DAYBUE™ net product sales of $87.1 million and full year net product sales of $177.2 million, along with fourth quarter NUPLAZID® net product sales of $143.9 million and full year net product sales of $549.2 million. The company also highlighted advancements in its pipeline, including the initiation of Phase 3 trials for ACP-101 in Prader-Willi syndrome and ACP-204 in Alzheimer's disease psychosis. Acadia Pharmaceuticals is optimistic about its future prospects and is set to announce top-line results from the ADVANCE-2 study by the end of the first quarter.
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