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Article: ACADIA Pharmaceuticals Secures Committed Equity Financing Facility.

Article from:
Biotech Week
Article date:
August 20, 2008
Copyright

ACADIA Pharmaceuticals Inc. (Nasdaq:ACAD), a biopharmaceutical company utilizing innovative technology to fuel drug discovery and clinical development of novel treatments for central nervous system disorders, announced that it has entered into a Committed Equity Financing Facility (CEFF) with Kingsbridge Capital Limited in which Kingsbridge has committed to provide up to $60 million of capital during the next three years through the purchase of newly-issued shares of ACADIA's common stock (see also ACADIA Pharmaceuticals Inc.).

"The new CEFF with Kingsbridge provides us with added financial flexibility and strength as we move forward with a portfolio of our most ...

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