The Cramer details re: ACAD I'm not complaining.. :)
Drug Paraphernalia
Want a new drug? Jim Cramer had two for his "Mad Money" TV show viewers on Monday.
He said that ACP-103 and ACP-104, which are being developed by Acadia Pharmaceuticals (ACAD:Nasdaq - commentary - research - Cramer's Take), could make you some mad money.
The company makes antipsychotic drugs, said Cramer, and he believes that Acadia could change the way we treat schizophrenia and bipolar disorder.
Interim results from phase II trials for ACP-103 are coming out soon as a treatment for Parkinson's, he said, adding that more results are due out later in the year.
Plus, Cramer said that ACP-104 has phase II results coming out later this year for its antipsychotic that he said is basically a better version of the widely used antipsychotic Clozapine.
Clozapine has some very bad side effects, he said; and it's off patent, so no one can make any money from it.
If all of these tests fail, Cramer said the stock could go down three points or so from its current level above $10. But if it nails the trials, he believes the stock could run to $50.
Sepracor (SEPR:Nasdaq - commentary - research - Cramer's Take), the maker of Lunesta, has already invested in Acadia, and Cramer believes more investment could come soon.
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