Stock Watch: The Two Sides Of A Complete Response Letter

Acadia Comes Out Guns Blazing While The FDA’s Hands Are Tied

The FDA’s rejection of Acadia’s label expansion into a broader patient population for its only approved drug resulted in an aggrieved reaction. Better disclosure from both sides would have helped.

Andy Smith
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

A complete response letter (CRL) from the FDA instead of an approval will always be a disappointment to a drug sponsor. But while companies can issue robust responses by press release, the FDA treats all interactions with the drug sponsor as confidential.

The 2021 Easter weekend was probably curtailed for ACADIA Pharmaceuticals Inc.’s senior management team. First thing on Monday, Acadia...

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