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BEFORE THE BELL-Acadia Pharma soars on deal with Biovail unit

Mon May 4, 2009 8:56am EDT

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NEW YORK, May 4 (Reuters) - Shares of Acadia Pharmaceuticals Inc (ACAD.O) more than doubled to $2.33 in premarket trade on Monday, after the company said it entered into a deal with a unit of Biovail Corp (BVF.N) to co-develop and commercialize its experimental drug designed to treat Parkinson's disease psychosis.

For details, see [ID:nBNG489486] (Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)



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