NEW ORLEANS, Aug. 17, 2018 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that theyhave until September 17, 2018 to file lead plaintiff applications in a securities class action lawsuit against ACADIA Pharmaceuticals Inc. (NasdaqGS: ACAD), if they purchased the
ACADIA investors should visit us at https://www.claimsfiler.com/cases/view-acadia-pharmaceuticals-inc-securities-litigation-1 or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
ACADIA and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 9, 2018, a report published by the Southern Investigative Reporting Foundation highlighted problems associated with the Company's sole drug, Nuplazid, a treatment for Parkinson's disease, as well as the Company's growth strategies that "have attracted intense regulatory scrutiny for other drug companies" including "dispensing wads of cash to doctors to incentivize prescription writing and downplaying mounting reports of patient deaths."
On this news, the price of ACADIA's shares plummeted $1.21/share, or 6.8%, to close at $16.63/share on July 9, 2018.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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