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Acadia Pharma Q2 net loss widens

Acadia Pharmaceuticals has reported net loss of $6.56m for the second quarter ended 30 June 2011, compared to $4.29m for the same period in 2010.

The company’s loss from operations for the second quarter of 2011 was $6.58m, compared to $4.3m for the same period in 2010.

For the six months ended 30 June 2011, the company reported a net loss of $12.39m, compared to $9.78m for the same period in 2010.

Acadia Pharma’s loss from operations was $12.45m for the six months of 2011, compared to $9.79m for the same period in 2010.

Acadia Pharma CEO Uli Hacksell said they continue to enroll patients in the ongoing -020 Phase III efficacy, tolerability and safety study and the -015 Phase III open-label safety extension study.