| ACADIA Pharmaceuticals Announces Positive Top-Line Results From Phase II Study  of Pimavanserin for Alzheimer's Disease Psychosis 
 2016-12-20 07:00:00 AM  ET (BusinessWire)
 
 --Conference Call and Webcast to Be Held Today,  December 20, 2016, at 8:30 a.m. Eastern Time
 
 ACADIA Pharmaceuticals  Inc. (NASDAQ: ACAD) today announced positive
 top-line results from its  Phase II exploratory study (-019 Study) of
 pimavanserin in patients  with Alzheimer's disease psychosis (AD
 Psychosis). As a selective  serotonin inverse agonist (SSIA)
 preferentially targeting 5-HT2A  receptors, pimavanserin has a
 different biological mechanism than  other marketed antipsychotics.
 Pimavanserin has been approved by the  United States Food and Drug
 Administration (FDA) for hallucinations  and delusions associated with
 Parkinson's disease psychosis and  currently is being studied in several
 other disease states, including  AD Psychosis. The FDA has not approved
 any drug to treat AD  Psychosis.
 
 In this Phase II exploratory study, pimavanserin met the  primary
 endpoint showing a statistically significant reduction in  psychosis
 versus placebo as measured by the Neuropsychiatric  Inventory-Nursing
 Home (NPI-NH) Psychosis score at week 6 of dosing  (p=0.0451).
 Pimavanserin was generally well tolerated and the safety  profile was
 consistent with what has been observed in previous  studies.
 
 "Alzheimer's disease patients suffer from a number of  debilitating
 symptoms, of which psychosis carries a poor prognosis and  is associated
 with earlier placement into nursing homes," said Steve  Davis, ACADIA's
 President and Chief Executive Officer. "Data from the  -019 Study provide
 solid evidence that pimavanserin can improve  psychosis in another major
 neurological disorder and provide strategic  momentum for the further
 development of pimavanserin to address the  needs of AD Psychosis
 patients."
 
 About the Phase II -019  Study The Phase II -019 Study was a
 double-blind, placebo-controlled  exploratory trial designed to evaluate
 the efficacy and safety of  pimavanserin as a treatment for patients with
 AD Psychosis. A total of  181 patients were enrolled in the study in the
 United Kingdom and  randomized on a one-to-one basis to receive either 34
 mg of  pimavanserin or placebo once daily. The primary endpoint of the
 study  was antipsychotic efficacy as measured by the mean change in the
 NPI-NH Psychosis score (combined hallucinations and delusions domains)
 from baseline to week 6 of dosing. Patients continued dosing through
 week 12 to gather information on secondary endpoints, including changes
 in cognition.
 
 Pimavanserin demonstrated efficacy on the  primary endpoint of the -019
 Study with a 3.76 point improvement in  psychosis at week 6 compared to a
 1.93 point improvement for placebo,  representing a statistically
 significant treatment improvement in the  NPI-NH Psychosis score
 (p=0.0451). Baseline mean scores for the  pimavanserin and placebo
 treated groups were 9.52 and 10.00,  respectively.
 
 Atypical antipsychotics have been associated with a  statistically
 significant worsening of cognitive function in patients  with Alzheimer's
 disease. In the -019 Study, over the course of 12  weeks of treatment,
 pimavanserin did not impair cognition as measured  by the Mini-Mental
 State Examination (MMSE) score and was similar to  placebo. On the
 secondary endpoint of mean change in NPI-NH Psychosis  score at week 12,
 pimavanserin maintained the improvement on psychosis  observed at the
 week 6 primary endpoint, but did not statistically  separate from placebo.
 
 In the -019 Study, pimavanserin was generally  well tolerated and the
 safety profile was consistent with what has  been observed in previous
 studies. Based on a preliminary analysis of  safety data, the most common
 adverse events reported were falls,  urinary tract infection and agitation.
 The mortality rate was the same  in the pimavanserin and placebo
 treatment groups. The mean age of  patients in the study was 86 years.
 
 The data analysis of the Phase II  -019 Study is ongoing and ACADIA plans
 to present data from this study  at a future medical conference.
 
 Conference Call and Webcast  Information ACADIA will host a
 conference call and webcast today,  December 20, 2016 at 8:30 a.m.
 Eastern Time to discuss top-line  results from its Phase II trial with
 pimavanserin in patients with  Alzheimer's disease psychosis. The
 conference call can be accessed by  dialing 844-821-1109 for participants
 in the U.S. and Canada and  830-865-2550 for international callers
 (reference passcode 43052480).  The conference call will be webcast live
 on ACADIA's website,  www.acadia-pharm.com,
 under the  investors section and will be archived there until January 3,
 2017. A  telephone replay also may be accessed through January 3, 2017 by
 dialing 855-859-2056 for participants in the U.S. and Canada and
 404-537-3406 for international callers (reference passcode  43052480).
 
 About Alzheimer's Disease Psychosis (AD Psychosis)  According
 to the Alzheimer's Association, around 5.4 million people in  the United
 States are living with Alzheimer's disease and  approximately half are
 diagnosed with the disease. Studies suggest  that 25 to 50 percent of
 patients diagnosed with Alzheimer's disease  may develop psychosis,
 commonly consisting of hallucinations and  delusions. AD Psychosis is
 associated with more rapid cognitive and  functional decline, greater
 caregiver burden, and earlier  institutionalization. The FDA has not
 approved any drug to treat AD  Psychosis.
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