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ACADIA Pharmaceuticals (NasdaqGS:ACAD) FY Conference Transcript

Summary of Acadia Pharmaceuticals FY Conference Call Company Overview - Company: Acadia Pharmaceuticals (NasdaqGS:ACAD) - Event: FY Conference held on September 18, 2025 Key Points on Prader-Willi Syndrome (PWS) Program - Upcoming Data: Top line phase 3 COMPASS data for ACP-101 (carbetocin) expected in early Q4, possibly October [3][4] - Mechanism of Action: ACP-101 is a modified version of oxytocin, designed to enhance pharmacokinetics and selectivity for the oxytocin receptor, which is relevant for treating hyperphagia in PWS [4][5] - Animal Studies: Evidence suggests that oxytocin replacement can mitigate hyperphagic behaviors in animal models of PWS [5] - Clinical Trials: Previous oxytocin studies showed mixed efficacy results but consistent safety and tolerability [7] - Inverse Dose Response: Prior phase 3 trial indicated an inverse dose response, with a significant p-value of 0.016 for the lower 3.2 mg dose compared to placebo [12] - Safety Profile: No serious adverse events reported in previous studies; some nosebleeds observed at higher doses [16][17] COMPASS Study Design - Enrollment: Target of 170 patients, randomized 1:1 between 3.2 mg dose and placebo [20] - Primary Endpoint: HQ-CT to measure hyperphagia-related behaviors [20][21] - Secondary Endpoints: Include clinician global impressions and caregiver burden assessments [21] ACP-204 Development - New Compound: ACP-204 is a next-generation 5HT2A inverse agonist aimed at treating Alzheimer's disease psychosis and Lewy body dementia [27][28] - Study Design: Phase 2 study with 318 patients, operationally seamless with phase 3 [29] - Primary Endpoint: SAPS-H and D at week six [29] - Biomarker Confirmation: Required for Alzheimer's disease psychosis patients, but not for Lewy body dementia [36][37] ACP-211 Overview - New Compound: ACP-211 is a noradrenaline compound for major depressive disorder (MDD) [38] - Phase 2 Study: Set to start in Q4 with 150 patients, focusing on moderate response [40] - Safety Profile: Aims for ketamine-like efficacy without sedation or significant dissociation [39][41] Business Development Strategy - Focus Areas: Emphasis on neuropsychiatry and rare diseases, particularly phase 2 assets [42] - Pipeline Catalysts: Key upcoming data includes ACP-101 in early Q4 and initiation of several new trials [43] Additional Insights - Stakeholder Engagement: Positive feedback from KOLs and caregivers regarding the potential treatment options for PWS [25] - Regulatory Considerations: FDA's focus on HQ-CT as a primary efficacy endpoint for approval [24] This summary encapsulates the critical insights and developments discussed during the Acadia Pharmaceuticals FY Conference, highlighting the company's ongoing research and strategic direction in neuropsychiatry.