EX-99.1 2 tm233610d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Loan Agreement Between Baker Brothers Life Sciences, L.P., 667, L.P. and Baker Bros. Advisors LP

 

For value received, Baker Bros Advisors LP (the “Management Company”) promises to pay Baker Brothers Life Sciences, L.P. and 667, L.P., (collectively “The Funds”), the amounts set forth in Schedule A below, payable on the Due Date (as defined below) with interest payable through the Due Date at a rate of 3.84% annually.

 

The Funds are lending the Management Company these amounts so that Stephen Biggar, as agent of the Management Company, may exercise 15,000 ACADIA Pharmaceuticals Inc. (“ACAD”) Director’s Non-qualified Stock Options at $5.22 (the “Shares”) and deposit the Shares into Stephen Biggar’s brokerage account held at JPMorgan.

 

The “Due Date” shall be January 12, 2053, however, following the sale by Stephen Biggar of all of the Shares, the Due Date shall accelerate to the date that is 10 days after date of the last sale of Shares.

 

This Loan Agreement shall be construed in accordance with the laws of the State of New York.

 

Baker Bros. Advisors LP

 

/s/ Scott. L. Lessing  
By: Scott L. Lessing  
  President  

 

667, L.P.

 

By: Baker Bros. Advisors LP, management company and investment adviser to 667, L.P., pursuant to authority granted to it by Baker Biotech Capital, L.P., general partner to 667, L.P., and not as the general partner.

 

By: /s/ Scott L. Lessing  
Scott Lessing  
President  

 

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BAKER BROTHERS LIFE SCIENCES, L.P.

 

By: BAKER BROS. ADVISORS LP, , management company and investment adviser to Baker Brothers Life Sciences, L.P., pursuant to authority granted to it by Baker Brothers Life Sciences Capital, L.P., general partner to Baker Brothers Life Sciences, L.P., and not as the general partner.

 

By: /s/ Scott. L. Lessing  
Scott Lessing  
President  

 

Schedule A

 

Fund    667, L.P.    Baker Brothers Life
Sciences, L.P.
   Total 
Loan  $6,488   $71,812   $78,300 

 

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