Acadia Drug Approval Might Clear Method For Axovant Dementia Therapy

April 28 (Reuters) - An imminent ruling on Acadia Pharmaceuticals Inc's drug for Parkinson's disease psychosis is being carefully watched by a Bermuda-primarily based firm with the same remedy for dementia. Axovant Sciences Ltd's experimental drug for Lewy body dementia - after Alzheimer's, the most common type of progressive dementia - would profit from the approval of Acadia's drug, Axovant's chief growth officer advised Reuters. The choice by the U.S. Meals and Drug Administration is due by May 1. Analysts expect a constructive ruling after the drug received the backing of an unbiased panel of experts. Each corporations' medicine are designed to deal with conditions that haven't any specific pharmaceutical therapy authorised by the FDA. The medication goal the 5-HT2A receptor in the mind, which is linked with neuropsychiatric disturbances. But whereas San Diego-based Acadia's Nuplazid seeks to treat Parkinson's illness psychosis (PDP), Axovant is targeting an oft-misunderstood form of dementia that affects 1.4 million Americans.

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