Acadia Drug Approval May Clear Way For Axovant Dementia Therapy

April 28 (Reuters) - An imminent ruling on Acadia Pharmaceuticals Inc's drug for Parkinson's illness psychosis is being intently watched by a Bermuda-based firm with an analogous treatment 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 development officer advised Reuters. The choice by the U.S. Food and Drug Administration is due by Might 1. Analysts anticipate a optimistic ruling after the drug gained the backing of an independent panel of experts. Both companies' medication are designed to treat situations that haven't any specific pharmaceutical therapy accepted by the FDA. The drugs goal the 5-HT2A receptor within the mind, which is linked with neuropsychiatric disturbances. However whereas San Diego-based mostly Acadia's Nuplazid seeks to deal with Parkinson's illness psychosis (PDP), Axovant is concentrating on an oft-misunderstood form of dementia that affects 1.Four million Individuals.

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