Pharma News: ACAD, ZGNX, BGMD, INCY

Los Angelas, CA -- (SBWIRE) -- 12/12/2012 -- ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) has capitalized on a rejuvenated stock price with an $86.4 million financing deal that will pay for a Phase III confirmatory study of its hot candidate pimavanserin in Parkinson's disease. The developer's stock jumped 10.16% to $4.88 late this morning after news of the private placement of shares for $4.43 per share that is expected to close Dec. 17.

Is ACAD Ready To Move Back To New Highs This Year? Find Out Here

Zogenix, Inc. (NASDAQ:ZGNX) shares fell 3.45% to $1.12. The company announced that the U.S. Food and Drug Administration’s (FDA) Anesthetic and Analgesic Drug Products Advisory Committee (AADPAC) voted 2-11 [with 1 abstention] against the approval of ZohydroTM ER (hydrocodone bitartrate extended-release capsules), an extended-release formulation of hydrocodone without acetaminophen, for the management of moderate-to-severe chronic pain when a continuous, around-the-clock opioid analgesic is needed for an extended period of time.

Can MSFT Extend Rally? Find Out Here

BG Medicine, Inc. (NASDAQ:BGMD) are up 12.72% to $3.81 on trading volume of 5.4 million shares. The company’s stock continues to rally after the announcement before Tuesday’s market open that it obtained a CE Mark allowing for the commercial sale of a blood test to predict major cardiovascular issues. The 52-week high is $12.80.

What Should Investors Do With BGMD Now? Find Out Here

Incyte Corporation (NASDAQ:INCY) slid as well, trading down 7.29 percent to $16.54 after it was announced that Gilead Biosciences would be acquiring YM Biosciences for $510 million in cash. Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat serious unmet medical needs.

How Should Investors React To INCY Now? Find Out Here

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