Catherine Owen Adams Takes the Helm as Acadia Pharmaceuticals CEO
Catherine Owen Adams Takes Over as CEO of Acadia Pharmaceuticals
Acadia Pharmaceuticals Inc. (NASDAQ: ACAD) is making headlines with the announcement of Catherine Owen Adams as the new Chief Executive Officer (CEO), succeeding Steve Davis. This leadership transition marks a significant moment for the company as it continues its mission in the pharmaceutical arena.
Welcoming a New Era
Stephen Biggar, M.D., Ph.D., Chair of the Board, shared his enthusiasm for Adams's appointment, stating, "We are excited to welcome Catherine Owen Adams as the new CEO of Acadia. Catherine is a proven global leader with a distinguished record of accomplishment in the pharmaceutical industry." Her strategic vision and commitment to enhancing patient outcomes are highly valued as Acadia seeks to enhance its market position, nearing $1 billion in sales.
A Bright Future for Acadia
Biggar emphasized the company’s promising growth prospects under Adams’s leadership, particularly in the specialty of central nervous system disorders and rare diseases. Adams’s experience and expertise are expected to drive Acadia’s next phase of growth and innovation.
Gratitude for Steve Davis
During this transition, the board expressed deep appreciation for Steve Davis's leadership. Under his guidance, Acadia successfully launched breakthrough therapies like NUPLAZID and DAYBUE, significantly impacting the treatment landscape. His contributions have solidified Acadia’s position in the biopharmaceutical industry.
Adams's Vision and Commitment
Adams shared her excitement about joining Acadia, stating, "I am thrilled to join Acadia at such a pivotal and dynamic time for the company." She expressed her commitment to driving growth in commercial franchises while fostering innovative partnerships and developing impactful therapies that align with Acadia's mission.
Adams's Extensive Background
Prior to her role at Acadia, Adams served as Senior Vice President and General Manager at Bristol Myers Squibb (BMS), where she oversaw a commercial portfolio worth $20 billion. Her leadership experience also includes significant roles in major markets across Europe, Japan, and Canada. With over 25 years at Johnson & Johnson, Adams has cultivated a deep understanding across various sectors of the pharmaceutical industry.
A Commitment to Advancing Healthcare
Starting her career in R&D at AstraZeneca, Adams brings a wealth of experience. Her academic background includes a BSc. in Pharmacy from the University of Manchester and she is a member of the Royal Pharmaceutical Society. Her diverse expertise aligns with Acadia's focus on enhancing patient lives through groundbreaking neuroscience.
About Acadia Pharmaceuticals
Acadia Pharmaceuticals has pioneered advancements in neuroscience for three decades, developing the first FDA-approved medication for hallucinations and delusions associated with Parkinson’s disease psychosis and treatments for Rett syndrome. Their current focus includes clinical programs that target Alzheimer’s disease psychosis and Prader-Willi syndrome among others. Acadia's commitment to innovation positions them as leaders in addressing complex neuropsychiatric conditions.
Frequently Asked Questions
1. Who has been appointed as the new CEO of Acadia Pharmaceuticals?
Catherine Owen Adams has succeeded Steve Davis as the new CEO of Acadia Pharmaceuticals.
2. What is the significance of Catherine Owen Adams's appointment?
Her experience and strategic vision are expected to drive Acadia forward in addressing central nervous system disorders and expanding their commercial impact.
3. What are Acadia Pharmaceuticals's key achievements under Steve Davis?
Davis led the company to the successful approval and launch of essential drugs like NUPLAZID and DAYBUE, making a lasting impact on patient care.
4. What sectors has Catherine Owen Adams worked in before joining Acadia?
Adams has extensive experience in the pharmaceutical industry, working at companies such as Bristol Myers Squibb and Johnson & Johnson in various leadership roles.
5. What is Acadia's focus moving forward?
Acadia aims to innovate in neuroscience and deliver therapies targeting complex disorders, enhancing the quality of life for patients.
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