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8-K ·Filed Sep 24, 2026

ACAD

ACADIA PHARMACEUTICALS INC
BULLISH
Impact 6/10
Horizonmonths Processed1mo ago SEC0001193125-26-401157
8-K context-dependent: Items 7.01, 8.01
Actionable Insight ▲ Bullish

Watch for detailed Phase 2 data at CTAD in November and enrollment updates for the ongoing Phase 3 program. The primary endpoint miss (p=0.0603) introduces binary risk for Phase 3 success, but the nominal secondary endpoint win and clean safety profile support continued development in a large unmet-need market with no approved therapies.

DirectionBullish
Confidencehigh
Horizonmonths
Latest settled — T+20d
ACAD ▼ -4.59% at T+20d
LONG call ✗ call lost -4.59% · α vs SPY -3.12% · entry $20.68 → $19.73
Next anchor: T+60d in 7w
Entry = T+0 close
Sep 24, 2026
via day close
T+1d
-0.73%
call -0.73% · α +0.02%
$20.53
settled 5w ago
T+5d
-3.53%
call -3.53% · α -3.31%
$19.95
settled 26d ago
T+20d
-4.59%
call -4.59% · α -3.12%
$19.73
settled 5d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Acadia Pharmaceuticals announced Phase 3-enabling topline results from the Phase 2 portion of the RADIANT trial evaluating remlifanserin for Alzheimer's disease psychosis. The 60 mg dose narrowly missed the primary endpoint (SAPS-H+D, p=0.0603) but hit the key secondary endpoint (CGI-S-ADP, p=0.0077 nominal) with a favorable safety profile. The company is proceeding with Phase 3 development, removing the 30 mg arm, and will present detailed data at CTAD in November.

Key Facts

  • Primary endpoint SAPS-H+D: 60 mg remlifanserin -12.6 vs placebo -10.4 at week 6, effect size 0.26 (p=0.0603)
  • Key secondary endpoint CGI-S-ADP: 60 mg -1.3 vs placebo -0.9, effect size 0.37 (p=0.0077 nominal)
  • Favorable safety profile: adverse events, serious AEs, and discontinuations similar to placebo; no QT prolongation, no motor/cognition impact, no deaths in treatment arms
  • Company plans to continue two ongoing Phase 3 studies, removing the 30 mg dosage arm
  • Detailed results to be presented at CTAD conference November 16-19, 2026 in Boston
  • Remlifanserin also in Phase 2 for Lewy body dementia psychosis

Financial Impact

No financial figures provided in the filing; the event is a clinical data readout with no revenue or cost disclosures

Risk Factors

  • Primary endpoint did not reach statistical significance (p=0.0603), raising Phase 3 replication risk
  • 30 mg dose showed minimal efficacy, limiting dose flexibility
  • Phase 3 program still enrolling; results are years away and may not replicate Phase 2 trends

Investment Themes

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-401157
Document: d168737dex991.htm0001193125-26-401157
Document: 0001193125-26-401157-index-headers.html0001193125-26-401157
Document: 0001193125-26-401157-index.html0001193125-26-401157
Document: 0001193125-26-401157.txt0001193125-26-401157
11 reports for ACAD
Performance horizon
33% Hit rate @ T+20 1 of 3 directional calls Went positive at some point 2 of 3 best @ T+20▲ +5.01%May 6, 2026
Filters
Rows
Reports for ACAD — sortable, filterable
TypeNow
Oct 23, 2026
3d ago
8-K
NEUTRAL ★ 3/10
$19.73awaiting T+20—$19.85 (+0.61%)
Sep 24, 2026
4w ago
8-K
BULLISH ★ 6/10
$20.68 $19.73▼ −4.59%▼ −3.12%$19.85 (−4.01%)
Sep 11, 2026
6w ago
8-K
NEUTRAL ★ 3/10
$27.52 $19.41▼ −29.47%▼ −31.73%$19.85 (−27.87%)
Aug 16, 2026
10w ago
Institutional Cluster
MIXED ★ 5/10
$29.01 $26.76▼ −7.76%▼ −5.78%$19.85 (−31.58%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$29.39 $27.58▼ −6.16%▼ −5.24%$19.85 (−32.46%)
Jun 11, 2026
19w ago
Institutional Cluster
BEARISH ★ 6/10
$21.39 $26.41▼ −23.47%▼ −21.58%$19.85 (+7.20%)
May 6, 2026
24w ago
8-K
BEARISH ★ 6/10
$22.56 $21.43▲ +5.01%▲ +8.14%$19.85 (+12.01%)
May 4, 2026
25w ago
Insider Cluster
NEUTRAL ★ 2/10
$22.19 $21.52▼ −3.02%▼ −8.66%$19.85 (−10.55%)
Mar 25, 2026
30w ago
Insider Cluster
NEUTRAL ★ 4/10
$22.01 $22.11▲ +0.45%▼ −7.41%$19.85 (−9.81%)
Mar 5, 2026
33w ago
8-K
NEUTRAL ★ 3/10
$22.40 $22.20▼ −0.89%▲ +2.90%$19.85 (−11.38%)
Showing 10 of 11

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Report published Sep 24, 2026