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Nevin Varghese

Nevin Varghese

Research Analyst at RBC Capital Markets, LLC

Bloomfield, NJ, US

Nevin Varghese is an Associate at RBC Capital Markets, specializing as an equity research analyst with a focus on the biotechnology and healthcare sectors. He has participated in coverage of companies such as Galapagos NV and has contributed to research discussions on financial results and pipeline developments for leading biotech firms. Varghese began his career after earning a doctorate from Columbia University and has been with RBC Capital Markets since completing his advanced academic training. He holds professional credentials relevant to equity research analysis and is noted for his strong analytical background stemming from his doctoral studies.

Nevin Varghese's questions to ACADIA PHARMACEUTICALS (ACAD) leadership

Question · Q4 2025

Nevin Varghese questioned the confidence in remlifanserin's 30mg and 60mg doses reproducing the exposure-response relationship seen with pimavanserin in ADP and Lewy body patients, and asked if the target efficacy gap versus pimavanserin's marketed dose could be quantified based on preclinical and Phase 1 PK data.

Answer

Elizabeth Thompson, EVP and Head of Research and Development, stated that confidence stems from pimavanserin's observed exposure-response, where neither ADP nor Lewy body appeared to be at maximum efficacy. She noted that even reproducing similar efficacy levels to pimavanserin's 34mg in a more robust, ADP-specific study would be meaningful, with additional efficacy being a 'cherry on top.' She acknowledged the need to test the differentiation between 30mg and 60mg doses.

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Question · Q4 2025

Nevin Varghese asked about Acadia's confidence that remlifanserin's 30mg and 60mg doses will reproduce the exposure-response relationship seen with pimavanserin in ADP and Lewy Body patients, and if the target efficacy gap versus pimavanserin's marketed dose could be quantified.

Answer

Elizabeth Thompson, EVP and Head of Research and Development, stated confidence is based on pimavanserin's exposure-response not reaching maximum efficacy in prior studies. She noted that even reproducing similar efficacy levels in a more robust remlifanserin study would be meaningful, with additional efficacy being a bonus. Quantifying a precise efficacy gap is not possible at this stage.

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Nevin Varghese's questions to Intra-Cellular Therapies, Inc. (ITCI) leadership

Question · Q3 2024

Asked about the expected launch trajectory for CAPLYTA in MDD, its comparison to Vraylar's launch, and the potential competitive impact of KarXT in schizophrenia.

Answer

A rapid uptake in MDD is expected, similar to or better than analogs like Vraylar, due to CAPLYTA's strong clinical profile. They do not anticipate a significant impact from KarXT, as CAPLYTA's long-term growth is in mood disorders where KarXT doesn't compete, and CAPLYTA's tolerability profile is a key advantage in the schizophrenia switching market.

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