Seekingalpha:
- ACADIA Pharmaceuticals (ACAD +8.9%) has recorded the biggest intraday gain since March after Guggenheim raised its rating on the biotech to Buy from Neutral.
- The analyst Yatin Sunejaa has a favorable view on the company’s upcoming Phase 3 topline data read for its Rett syndrome candidate trofinetide scheduled for Q4 2021.
- “Given the limited investor interest in this program, we like the risk-reward heading into the readout,” Sunejaa wrote with the price target of $23 per share of Acadia (NASDAQ:ACAD), implying a premium of ~28.1% to the last close.
- In addition to the Phase II study, “one more successful trial will be sufficient to file an NDA in 2022,” the firm noted, citing the company management.
- In March 2020, Acadia (ACAD) announced that the FDA granted the Rare Pediatric Disease designation to trofinetide in the treatment of Rett syndrome.
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Last
$20.32 |
Change
0.500(2.52%) |
Mkt cap ! $2.587B |
Open | High | Low | Value | Volume |
$19.89 | $20.39 | $19.77 | $4.036M | 200.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 173 | $20.30 |
Sellers (Offers)
Price($) | Vol. | No. |
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$20.32 | 88 | 6 |
View Market Depth
No. | Vol. | Price($) |
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2 | 101 | 20.280 |
1 | 50 | 20.270 |
3 | 468 | 20.260 |
2 | 189 | 20.250 |
3 | 448 | 20.240 |
Price($) | Vol. | No. |
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20.300 | 66 | 3 |
20.310 | 354 | 15 |
20.320 | 386 | 5 |
20.330 | 200 | 3 |
20.340 | 281 | 5 |
Last trade - 14.39pm 07/05/2024 (20 minute delay) ? |
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Last
$20.27 |
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Change
0.500 ( 2.66 %) |
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Open | High | Low | Volume | ||
$19.86 | $20.40 | $19.77 | 70653 | ||
Last updated 14.57pm 07/05/2024 ? |
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