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Acadia Pharmaceuticals Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On:  Tuesday, 2/27/24, at 6:01pm ET   ·   As of:  2/28/24   ·   For:  12/31/23   ·   Accession #:  950170-24-21473   ·   File #:  0-50768

Previous ‘10-K’:  ‘10-K’ on 2/28/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   24 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  Acadia Pharmaceuticals Inc.       10-K       12/31/23   88:14M                                    Donnelley … Solutions/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.81M 
 3: EX-10.13    Material Contract                                   HTML     40K 
 4: EX-10.17    Material Contract                                   HTML    610K 
 5: EX-10.18    Material Contract                                   HTML     32K 
 6: EX-10.19    Material Contract                                   HTML     31K 
 7: EX-10.20    Material Contract                                   HTML     44K 
 8: EX-10.35    Material Contract                                   HTML    355K 
 9: EX-10.36    Material Contract                                   HTML    289K 
10: EX-10.37    Material Contract                                   HTML     63K 
11: EX-10.38    Material Contract                                   HTML    366K 
 2: EX-10.5     Material Contract                                   HTML     97K 
12: EX-21.1     Subsidiaries List                                   HTML     26K 
13: EX-23.1     Consent of Expert or Counsel                        HTML     28K 
18: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     39K 
                Awarded Compensation                                             
14: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
15: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
16: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
17: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
20: R1          Document and Entity Information                     HTML     99K 
21: R2          Consolidated Balance Sheets                         HTML    126K 
22: R3          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
23: R4          Consolidated Statements of Operations               HTML     94K 
24: R5          Consolidated Statements of Comprehensive Loss       HTML     48K 
25: R6          Consolidated Statements of Cash Flows               HTML    120K 
26: R7          Consolidated Statements of Stockholders' Equity     HTML     77K 
27: R8          Pay vs Performance Disclosure                       HTML     38K 
28: R9          Insider Trading Arrangements                        HTML     46K 
29: R10         Organization and Business                           HTML     29K 
30: R11         Summary of Significant Accounting Policies          HTML    185K 
31: R12         Investments                                         HTML    151K 
32: R13         Fair Value Measurements                             HTML    132K 
33: R14         Balance Sheet Details                               HTML     91K 
34: R15         Stockholders' Equity                                HTML    124K 
35: R16         401(k) Plan                                         HTML     33K 
36: R17         Income Taxes                                        HTML    199K 
37: R18         Commitments and Contingencies                       HTML     64K 
38: R19         Leases                                              HTML     92K 
39: R20         Selected Quarterly Financial Data (Unaudited)       HTML     89K 
40: R21         SCHEDULE II - Valuation and Qualifying Accounts     HTML     54K 
41: R22         Summary of Significant Accounting Policies          HTML    239K 
                (Policies)                                                       
42: R23         Summary of Significant Accounting Policies          HTML    131K 
                (Tables)                                                         
43: R24         Investments (Tables)                                HTML    148K 
44: R25         Fair Value Measurements (Tables)                    HTML    130K 
45: R26         Balance Sheet Details (Tables)                      HTML     93K 
46: R27         Stockholders' Equity (Tables)                       HTML     81K 
47: R28         Income Taxes (Tables)                               HTML    193K 
48: R29         Leases (Tables)                                     HTML     84K 
49: R30         Selected Quarterly Financial Data (Unaudited)       HTML     88K 
                (Tables)                                                         
50: R31         Summary of Significant Accounting Policies -        HTML     35K 
                Schedule of Reconciliation of Cash, Cash                         
                Equivalents and Restricted Cash (Detail)                         
51: R32         Summary of Significant Accounting Policies -        HTML     76K 
                Additional Information (Detail)                                  
52: R33         Summary of Significant Accounting Policies -        HTML     36K 
                Schedule of Estimated Useful Lives by Major Asset                
                Category (Detail)                                                
53: R34         Summary of Significant Accounting Policies -        HTML     37K 
                Schedule of Revenues consist of product sales to                 
                customers (Details)                                              
54: R35         Summary of Significant Accounting Policies -        HTML     36K 
                Weighted-Average Assumptions Used to Estimate Fair               
                Value of Employee Stock Options (Detail)                         
55: R36         Summary of Significant Accounting Policies -        HTML     44K 
                Weighted-Average Assumptions Used to Estimate Fair               
                Value of Employee Stock Purchase Plan Rights                     
                (Detail)                                                         
56: R37         Summary of Significant Accounting Policies -        HTML     35K 
                Summary of Stock-based Compensation Expense                      
                Included in Statements of Operations (Detail)                    
57: R38         Investments - Carrying Value and Amortized Cost of  HTML     58K 
                Company's Investments Summarized by Major Security               
                Type (Detail)                                                    
58: R39         Investments - Additional Information (Detail)       HTML     35K 
59: R40         Investments - Summary of Gross Unrealized Losses    HTML     53K 
                and Fair Value of Available-For-Sale Investment                  
                Securities in Unrealized Loss Position (Detail)                  
60: R41         Fair Value Measurements - Fair Value Measurements   HTML     62K 
                of Cash Equivalents, Available-For-Sale Investment               
                Securities and Equity Securities (Detail)                        
61: R42         Fair value measurement - Changes in estimated fair  HTML     34K 
                value of contingent cash award (Details)                         
62: R43         Balance Sheet Details - Schedule of Inventory       HTML     38K 
                (Detail)                                                         
63: R44         Balance Sheet Details - Property and Equipment,     HTML     40K 
                Net (Detail)                                                     
64: R45         Balance Sheet Details - Additional Information      HTML     29K 
                (Detail)                                                         
65: R46         Balance Sheet Details - Schedule of Accrued         HTML     42K 
                Liabilities (Detail)                                             
66: R47         Stockholders' Equity - Additional Information       HTML    141K 
                (Detail)                                                         
67: R48         Summary of Company's Stock Option Activity          HTML     68K 
                (Detail)                                                         
68: R49         Summary of Company's RSU Activity (Detail)          HTML     51K 
69: R50         401 (k) Plan - Additional Information (Detail)      HTML     33K 
70: R51         Income Taxes - Summary of Domestic and Foreign      HTML     34K 
                Pre-tax Loss (Detail)                                            
71: R52         Income Taxes - Schedule of Income Tax Provision     HTML     40K 
                (Details)                                                        
72: R53         Income Taxes - Additional Information (Detail)      HTML     62K 
73: R54         Income Taxes - Components of Deferred Tax Assets    HTML     61K 
                (Detail)                                                         
74: R55         Income Taxes - Reconciliation of Income Taxes to    HTML     60K 
                Amount Computed by Applying Statutory Federal                    
                Income Tax Rate to Pretax Loss (Detail)                          
75: R56         Income Taxes - Unrecognized Tax Benefits (Detail)   HTML     34K 
76: R57         Commitments and Contingencies - Additional          HTML     95K 
                Information (Detail)                                             
77: R58         Leases - Additional Information (Detail)            HTML     88K 
78: R59         Leases - Summary of Operating Lease Costs (Detail)  HTML     31K 
79: R60         Leases - Supplemental Cash Flow Information         HTML     29K 
                Related to the Company's Leases (Detail)                         
80: R61         Leases - Summary of Balance Sheet Classification    HTML     33K 
                of Lease Liabilities (Detail)                                    
81: R62         Leases - Summary of Maturities of Lease             HTML     46K 
                Liabilities (Detail)                                             
82: R63         Selected Quarterly Financial Data (Unaudited) -     HTML     72K 
                Selected Quarterly Financial Data (Detail)                       
83: R64         SCHEDULE II - Valuation and Qualifying Accounts     HTML     37K 
                (Detail)                                                         
85: XML         IDEA XML File -- Filing Summary                      XML    147K 
88: XML         XBRL Instance -- acad-20231231_htm                   XML   2.93M 
84: EXCEL       IDEA Workbook of Financial Report Info              XLSX    167K 
19: EX-101.SCH  XBRL Taxonomy Extension Schema With Embedded         XSD   3.61M 
                Linkbases Document -- acad-20231231                              
86: JSON        XBRL Instance as JSON Data -- MetaLinks              566±   903K 
87: ZIP         XBRL Zipped Folder -- 0000950170-24-021473-xbrl      Zip    988K 


‘EX-31.1’   —   Certification — §302 – SOA’02


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  EX-31.1  

EXHIBIT 31.1

CERTIFICATION

Pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934,

as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Stephen R. Davis, certify that:

1. I have reviewed this annual report on Form 10-K for the year ended December 31, 2023 of Acadia Pharmaceuticals Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: February 27, 2024

 

/s/ STEPHEN R. DAVIS

 

 

Stephen R. Davis

 

 

Chief Executive Officer

 

 

(Registrant’s Principal Executive Officer)

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/28/24
Filed on:2/27/244,  8-K
For Period end:12/31/23
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/09/24  Acadia Pharmaceuticals Inc.       10-Q        3/31/24   62:7.2M                                   Donnelley … Solutions/FA


23 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/23  Acadia Pharmaceuticals Inc.       10-Q        6/30/23   66:10M                                    Donnelley … Solutions/FA
 2/28/23  Acadia Pharmaceuticals Inc.       10-K       12/31/22   79:15M                                    Donnelley … Solutions/FA
 2/07/23  Acadia Pharmaceuticals Inc.       S-8         2/07/23    7:268K                                   Donnelley … Solutions/FA
11/03/22  Acadia Pharmaceuticals Inc.       10-Q        9/30/22   60:9M                                     Donnelley … Solutions/FA
 8/09/22  Acadia Pharmaceuticals Inc.       10-Q        6/30/22   58:8.3M                                   Donnelley … Solutions/FA
 3/01/22  Acadia Pharmaceuticals Inc.       10-K       12/31/21   82:13M                                    Donnelley … Solutions/FA
 2/25/21  Acadia Pharmaceuticals Inc.       10-K       12/31/20   80:13M                                    ActiveDisclosure/FA
11/04/20  Acadia Pharmaceuticals Inc.       10-Q        9/30/20   60:7.1M                                   ActiveDisclosure/FA
 6/29/20  Acadia Pharmaceuticals Inc.       8-K:5,9     6/23/20   12:258K                                   Donnelley … Solutions/FA
 5/08/20  Acadia Pharmaceuticals Inc.       10-Q        3/31/20   59:6.7M                                   ActiveDisclosure/FA
 2/27/20  Acadia Pharmaceuticals Inc.       10-K       12/31/19   80:12M                                    ActiveDisclosure/FA
 2/27/19  Acadia Pharmaceuticals Inc.       10-K       12/31/18   71:13M                                    ActiveDisclosure/FA
11/06/18  Acadia Pharmaceuticals Inc.       10-Q        9/30/18   52:5M                                     ActiveDisclosure/FA
 2/28/17  Acadia Pharmaceuticals Inc.       10-K       12/31/16   71:8.9M                                   ActiveDisclosure/FA
 2/29/16  Acadia Pharmaceuticals Inc.       10-K       12/31/15   69:4.8M                                   Donnelley … Solutions/FA
 1/07/16  Acadia Pharmaceuticals Inc.       8-K:1,8,9   1/06/16    6:318K                                   Donnelley … Solutions/FA
12/15/15  Acadia Pharmaceuticals Inc.       8-K:5      12/09/15    3:385K                                   SEC Connect
 9/03/15  Acadia Pharmaceuticals Inc.       8-K:5,9     9/01/15    2:58K                                    Donnelley … Solutions/FA
 8/06/15  Acadia Pharmaceuticals Inc.       10-Q        6/30/15   43:1.7M                                   Donnelley … Solutions/FA
 9/12/13  Acadia Pharmaceuticals Inc.       8-K:5       9/06/13    2:179K                                   SEC Connect
 5/19/04  Acadia Pharmaceuticals Inc.       S-1/A       5/18/04    7:905K                                   Donnelley … Solutions/FA
 2/27/04  Acadia Pharmaceuticals Inc.       S-1                   17:3.1M                                   Donnelley … Solutions/FA
12/21/00  Acadia Pharmaceuticals Inc.       S-1                   28:1.7M                                   Toppan Merrill-FA2/FA
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