SAN FRANCISCO, July 20, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD ) to the September 17, 2018 Lead Plaintiff deadline in the securities class action pending in the United States District Court for the Southern District of California.  If you purchased or otherwise acquired ACADIA securities between April 29, 2016 and July 9, 2018 (the “class period”) and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/ACAD

or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

ACAD@hbsslaw.com .

During the class period, Defendants made a series of positive statements about ACADIA’s lead drug, which is intended to treat hallucinations and delusions associated with Parkinson’s disease psychosis.

On July 9, 2018, the Southern Investigative Reporting Foundation published a report concluding that ACADIA improperly promoted the faulty illusion that the drug received FDA approval like any other drug.

This report drove the price of ACADIA shares down $1.21, or almost 7%, to close at $16.63 that day.

“We’re focused on investors’ losses and on the Foundation’s accusations which, if true, could mean ACADIA and senior management misled investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:   Persons with non-public information regarding ACADIA should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email ACAD@hbsslaw.com .

About Hagens Berman Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country.  The Firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes can be found at www.hbsslaw.com .  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw .

Contact: Reed Kathrein, 510-725-3000