Orlando, FL -- (SBWIRE) -- 10/10/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD).
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) shares dropped 65.99% to $5.83. The company on Oct. 9 announced results of its review of updated clinical data from the pivotal PACE trial of Iclusig® (ponatinib) and actions that it is taking following consultations with the U.S. Food and Drug Administration (FDA). With a median follow up of 24 months, serious arterial thrombosis occurred in 11.8% of Iclusig-treated patients: cardiovascular events 6.2%, cerebrovascular events 4.0% and peripheral vascular events 3.6% (some patients had more than one type of event). This compares to 8.0% after 11 months of follow up reflected in the current U.S. prescribing information. At 24 months, serious venous occlusion occurred in 2.9% of Iclusig-treated patients, compared to 2.2% in the current U.S. prescribing information.
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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares declined 14.76% to $19.86. ACAD’s CMO Roger Mills sold 35,965 shares of ACADIA Pharmaceuticals stock on the open market in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $25.01, for a total value of $899,484.65. Following the sale, the chief marketing officer now directly owns 15,775 shares in the company, valued at approximately $394,533. The sale was disclosed in a legal filing with the SEC.
Additionally, Equities research analysts at Ned Davis Research started coverage on shares of ACADIA in a research note issued to investors on Oct. 8. The firm set a “neutral” rating on the stock.
Is ACAD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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