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Acadia Pharmaceuticals initiated with a Buy at Citi

Citi initiated coverage of Acadia Pharmaceuticals (ACAD) with a Buy rating and $33 price target The firm believes Nuplazid and Daybue adoption will continue to increase in the near term. Acadia shares are being over-penalized for Nuplazid sales despite the patent litigation being resolved, the analyst tells investors in a research note.

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