ACADIA Pharmaceuticals Inc (NAS:ACAD)

$ 16.95 -0.42 (-2.42%) Market Cap: 2.89 Bil Enterprise Value: 2.37 Bil PE Ratio: 22.27 PB Ratio: 5.01 GF Score: 75/100

ACADIA Pharmaceuticals Inc at Goldman Sachs Global Healthcare Conference (Virtual) Transcript

Jun 08, 2021 / 06:10PM GMT

Release Date Price: $26.57 (+4.61%)

Transcript

Salveen Jaswal Richter

Goldman Sachs Group, Inc., Research Division - VP

Good afternoon. Thanks for joining us. We're pleased to have the ACADIA team with us where we have Steve Davis, CEO; and Elena Ridloff, CFO.

With that, Steve, I'm going to turn it over to you for any opening comments, and then I'll get into questions.

Stephen R. Davis

ACADIA Pharmaceuticals Inc. - CEO & Director

Yes, that sounds great, Salveen. Thanks much, and I'll just start with a few level-setting brief comments, then we'll get right to the Q&A.

So I'll start just by highlighting the 3 pillars of our business. First pillar is we're driving NUPLAZID growth in Parkinson's disease psychosis. In the first quarter of 2021, we achieved net sales of $106.6 million. This represents an 18% year-over-year growth. We continue to add new prescribers and new patients and continue to also see very high adherence among our continuing PD psychosis patients. And although we experienced some COVID-related headwinds in the beginning of the year, as did, I think, the entire

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