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ACADIA Pharmaceuticals Reports First Quarter 2010 Financial Results
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May 10, 2010General ACADIA Pharmaceuticals Reports First Quarter 2010 Financial Results SAN DIEGO, May 10, 2010 (BUSINESS WIRE) —ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD), a biopharmaceutical companyutilizing innovative technology to fuel drug discovery and clinicaldevelopment of novel treatments for central nervous system disorders,today reported its unaudited financial results for the first quarterended March 31, 2010.ACADIA reported a net loss of $5.5 million, or $0.14 per common share,for the first quarter of 2010 compared to a net loss of $15.0 million,or $0.40 per common share, for the first quarter of 2009.At March 31, 2010, ACADIA's cash, cash equivalents, and investmentsecurities totaled $40.6 million compared to $47.1 million at December31, 2009. ACADIA continues to expect its existing cash resources andanticipated payments from its collaborations will be sufficient to fundits operations through the end of 2011."The beginning of 2010 has been an important per...
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