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Acadia narrows 4Q loss after restructuring in 2008

Stock quotes in this article: ACAD , AGN , SEPR  

SAN DIEGO (AP) — Acadia Pharmaceuticals Inc. said Monday it cut its fourth-quarter loss by 18 percent after restructuring its business earlier in 2008.

The development-stage biopharmaceutical company posted a loss of $14 million, or 38 cents per share, compared with a year-ago loss of $17 million, or 46 cents per share.

Revenue from collaborations fell to $325,000 from $1.6 million. ...

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