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NASDAQ:ACAD Shareholder Notice: Lawsuit Alleges Misleading Statements by ACADIA Pharmaceuticals Inc

Via: ReleaseWire

Updated 12:15 PM CDT, Mon, August 06,2018

A lawsuit was filed on behalf of investors in ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 08/06/2018 -- An investor, who purchased shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), filed a lawsuit against ACADIA Pharmaceuticals Inc over alleged violations of Federal Securities Laws.

Investors, who purchased shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) common shares between April 29, 2016 and July 9, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 29, 2016 and July 9, 2018, the Defendants failed to disclose that adverse events and safety concerns related to NUPLAZID threatened the drug's initial and continuing FDA approval, that ACADIA engaged in business practices likely to attract regulatory scrutiny, and that, as a result of the foregoing, Defendants' statements about ACADIA's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

On April 9, 2018, it was reported that "[p]hysicians, medical researchers and other experts told CNN that they worried that [Nuplazid] had been approved too quickly, based on too little evidence that it was safe or effective."

Then, on April 25, 2018, it was reported that the U.S. Food and Drug Administration ("FDA") was re-examining the safety of Nuplazid, which was approved "despite concerns that not enough was known about the drug's risks."

Those who purchased shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqacad-shareholder-notice-lawsuit-alleges-misleading-statements-by-acadia-pharmaceuticals-inc-1023678.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com