Acadia shares slide — again — after FDA confirms it has launched a safety review of Nuplazid
Acadia’s suffering shares $ACAD took another hit on Wednesday, plunging 22% after the FDA confirmed today that regulators have begun a review of its anti-psychosis drug Nuplazid — following CNN’s report questioning the safety of the drug.
A ’breakthrough’ drug ushered into the market to treat Parkinson’s disease psychosis, CNN recently highlighted a nonprofit’s warning on 244 deaths involving patients on the drug in less than a year after its launch. Acadia responded by saying there’s no reason to believe the drug was directly responsible for any of the deaths CNN spotlighted in its story. And the FDA noted at the time that there is no reason to believe there is any safety issue that isn’t already covered by the label.
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