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Acer Therapeutics

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uuid0005fvw

Namestring
Acer Therapeutics
Legal namestring
Acer Therapeutics Inc.
Websiteurl
acertx.com
Company typeenum
Public
Founded yearint
2018
Descriptiontext

Acer Therapeutics was a publicly traded (NASDAQ:ACER) rare-disease pharmaceutical developer incorporated in Delaware and headquartered in Newton, Massachusetts. The company focused on acquiring, developing, and commercializing therapies for patients with serious, rare, and life-threatening diseases, with an employee base of 11-50. Its portfolio centered on reformulation and repurposing of established compounds: OLPRUVA (sodium phenylbutyrate), an FDA-approved treatment for urea cycle disorders (UCDs); ACER-001, an investigational candidate for Maple Syrup Urine Disease (MSUD) leveraging the same active ingredient; and EDSIVO (celiprolol), an investigational beta-blocker therapy for vascular Ehlers-Danlos Syndrome (vEDS).

The business model is a specialty-pharmaceutical sales motion: Acer commercialized OLPRUVA through U.S. specialty pharmacy distribution and patient-advocacy partnerships targeted at metabolic disease specialists and rare-disease patient communities. Revenue mechanics depended on prescription sales of OLPRUVA and, prospectively, ACER-001 and EDSIVO upon approval; pricing was not publicly disclosed. Capital structure was notable for its reliance on non-traditional funding for a public company — including a $48.5M debt facility from Marathon Asset Management and SWK Holdings in March 2022, and approximately $2.5M in CEO-funded bridge notes in late 2022 and mid-2023 — reflecting the cash-intensity of late-stage clinical and early commercial biotech. In 2023, Zevra completed the acquisition of Acer Therapeutics, after which Acer's assets were integrated into Zevra's commercial platform.

Short descriptiontext

Acer Therapeutics was a publicly traded rare-disease pharmaceutical developer that acquired, developed, and commercialized therapies for serious, ultra-rare metabolic and connective-tissue disorders, including FDA-approved OLPRUVA for urea cycle disorders, before being acquired by Zevra in 2023.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersNewton, United States
HQ citystring
Newton
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
rare disease therapies, specialty pharmaceuticals, urea cycle disorders, metabolic disorder treatments, rare disease drug development
Industry1 code
1Enzyme Replacement & Metabolic Disorder Therapies
CodeHLAIAIABPrimaryYes
NAICS code1 code
  • Medicinal and Botanical Manufacturing325411
SIC code1 code
  • Pharmaceutical Preparations2834
Product category
Specialty Pharmaceuticals
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Pharmaceutical Product Sales
TypeOne Time License
Description

Acer Therapeutics generates revenue through the sale of approved drug products, primarily OLPRUVA for urea cycle disorders. The company commercializes specialty pharmaceuticals targeting rare disease populations through specialty pharmacy channels.

zevra.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1OLPRUVA™
Description

Product for urea cycle disorders (UCDs)

zevra.com
+2 more records
Core offering1 text field

Acer Therapeutics acquires, develops, and commercializes therapies for patients with serious, ultra-rare, and life-threatening diseases. Its commercial product, OLPRUVA™, is an FDA-approved sodium phenylbutyrate therapy for Urea Cycle Disorders (UCDs), while its pipeline includes ACER-001 for Maple Syrup Urine Disease (MSUD) and EDSIVO™ (celiprolol) for Vascular Ehlers-Danlos Syndrome (vEDS).

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Acer Therapeutics is a biotechnology company developing therapies for serious, ultra-rare, and life-threatening diseases. The company's product portfolio includes OLPRUVA™ (FDA-approved for Urea Cycle Disorders), ACER-001 (investigational for Maple Syrup Urine Disease), and EDSIVO™ (investigational for Vascular Ehlers-Danlos Syndrome). The company operates as a rare disease focused pharmaceutical developer with pipeline products at various stages of clinical development.

Product and service3 records
1OLPRUVA™ (sodium phenylbutyrate)
CategoryApproved rare disease pharmaceutical
Description

FDA-approved therapy for Urea Cycle Disorders (UCDs), a rare genetic condition affecting nitrogen metabolism, delivered via a proprietary formulation designed to improve patient compliance and efficacy compared to existing sodium phenylbutyrate treatments.

2ACER-001 (sodium phenylbutyrate for MSUD)
CategoryPipeline rare disease pharmaceutical
Description

Investigational drug candidate being developed for Maple Syrup Urine Disease (MSUD), a rare metabolic disorder affecting branched-chain amino acid metabolism, leveraging the sodium phenylbutyrate active ingredient from OLPRUVA.

3EDSIVO™ (celiprolol)
CategoryPipeline rare disease pharmaceutical
Description

Investigational therapy for Vascular Ehlers-Danlos Syndrome (vEDS), a rare genetic connective tissue disorder, utilizing beta-blocker properties of celiprolol to address life-threatening vascular complications.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Commercial-stage rare disease biotech with multiple approved products targeting metabolic disorders including urea cycle-related conditions; directly comparable in therapeutic focus, regulatory approach, and rare disease commercialization model.

TypeDirect peer
Description

Large rare disease biotech with deep portfolio across metabolic disorders (including phenylketonuria and other amino acid disorders); highly comparable in operating model even though materially larger in scale and headcount.

TypeDirect peer
Description

Rare disease pharmaceutical company that acquired Acer Therapeutics in 2023; operates in the same therapeutic and commercial niche (rare metabolic and CNS disorders) and now owns OLPRUVA directly.

TypeDirect peer
Description

Clinical-stage rare disease biotech focused on hyperphagia in Prader-Willi syndrome; comparable in size, regulatory stage, and ultra-rare disease commercialization model relevant to Acer's metabolic niche.

TypeDirect peer
Description

Rare disease company with approved products in nephrology and metabolic indications; comparable business model around small patient populations, reformulation strategies, and specialty distribution.

TypeBroad incumbent
Description

Historical leader in enzyme replacement and rare metabolic disease therapies (Cerezyme, Fabrazyme, Aldurazyme); operates as the broad incumbent setting the standard for rare disease commercialization Acer emulates.

TypeBroad incumbent
Description

Specialty rare disease franchise (now within Amgen) including metabolic and inflammatory rare conditions; representative of large strategic acquirer/incumbent playing in the rare disease space where Acer competes for physician attention.

TypeBroad incumbent
Description

Established rare disease division of Recordati with global distribution footprint and product portfolio across multiple rare indications; comparable in go-to-market through specialty pharma channels.

TypeBroad incumbent
Description

Original rare disease pure-play now within AstraZeneca, focused on complement-mediated and metabolic disorders; relevant incumbent comparator for commercial reach and lifecycle management of rare disease products.

TypeBroad incumbent
Description

European rare disease specialist with broad portfolio across metabolic, hematology, and immunology indications; relevant as a global peer with comparable rare disease commercial strategy and geographic reach.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds7 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Acer Therapeutics

Specialty Pharmaceuticalsacertx.com

Acer Therapeutics was a publicly traded rare-disease pharmaceutical developer that acquired, developed, and commercialized therapies for serious, ultra-rare metabolic and connective-tissue disorders, including FDA-approved OLPRUVA for urea cycle disorders, before being acquired by Zevra in 2023.

What Acer Therapeutics does

Acer Therapeutics was a publicly traded (NASDAQ:ACER) rare-disease pharmaceutical developer incorporated in Delaware and headquartered in Newton, Massachusetts. The company focused on acquiring, developing, and commercializing therapies for patients with serious, rare, and life-threatening diseases, with an employee base of 11-50. Its portfolio centered on reformulation and repurposing of established compounds: OLPRUVA (sodium phenylbutyrate), an FDA-approved treatment for urea cycle disorders (UCDs); ACER-001, an investigational candidate for Maple Syrup Urine Disease (MSUD) leveraging the same active ingredient; and EDSIVO (celiprolol), an investigational beta-blocker therapy for vascular Ehlers-Danlos Syndrome (vEDS).

The business model is a specialty-pharmaceutical sales motion: Acer commercialized OLPRUVA through U.S. specialty pharmacy distribution and patient-advocacy partnerships targeted at metabolic disease specialists and rare-disease patient communities. Revenue mechanics depended on prescription sales of OLPRUVA and, prospectively, ACER-001 and EDSIVO upon approval; pricing was not publicly disclosed. Capital structure was notable for its reliance on non-traditional funding for a public company — including a $48.5M debt facility from Marathon Asset Management and SWK Holdings in March 2022, and approximately $2.5M in CEO-funded bridge notes in late 2022 and mid-2023 — reflecting the cash-intensity of late-stage clinical and early commercial biotech. In 2023, Zevra completed the acquisition of Acer Therapeutics, after which Acer's assets were integrated into Zevra's commercial platform.

Acer Therapeutics firmographics

Firmographics
Name
Acer Therapeutics
Legal name
Acer Therapeutics Inc.
Website
https://acertx.com
Company type
Public
Founded year
2018
Operating status
Acquired
Headcount range
11–50 employees
Short description
Acer Therapeutics was a publicly traded rare-disease pharmaceutical developer that acquired, developed, and commercialized therapies for serious, ultra-rare metabolic and connective-tissue disorders, including FDA-approved OLPRUVA for urea cycle disorders, before being acquired by Zevra in 2023.
Ownership category
akta.pro rank

Acer Therapeutics industry classification

Industry
Product category
Specialty Pharmaceuticals
NAICS
Medicinal and Botanical Manufacturing (325411)
SIC
Pharmaceutical Preparations (2834)
akta.pro primary industry
Enzyme Replacement & Metabolic Disorder Therapies (HLAIAIAB)

Keywords

  • Rare disease therapies
  • Specialty pharmaceuticals
  • Urea cycle disorders
  • Metabolic disorder treatments
  • Rare disease drug development

Where Acer Therapeutics is headquartered

Location

Headquarters

HQ city
Newton
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Acer Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

  1. Pharmaceutical Product Sales: Acer Therapeutics generates revenue through the sale of approved drug products, primarily OLPRUVA for urea cycle disorders. The company commercializes specialty pharmaceuticals targeting rare disease populations through specialty pharmacy channels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Acer Therapeutics product offering

Product offering

Core offering

Acer Therapeutics acquires, develops, and commercializes therapies for patients with serious, ultra-rare, and life-threatening diseases. Its commercial product, OLPRUVA™, is an FDA-approved sodium phenylbutyrate therapy for Urea Cycle Disorders (UCDs), while its pipeline includes ACER-001 for Maple Syrup Urine Disease (MSUD) and EDSIVO™ (celiprolol) for Vascular Ehlers-Danlos Syndrome (vEDS).

Product overview

Acer Therapeutics is a biotechnology company developing therapies for serious, ultra-rare, and life-threatening diseases. The company's product portfolio includes OLPRUVA™ (FDA-approved for Urea Cycle Disorders), ACER-001 (investigational for Maple Syrup Urine Disease), and EDSIVO™ (investigational for Vascular Ehlers-Danlos Syndrome). The company operates as a rare disease focused pharmaceutical developer with pipeline products at various stages of clinical development.

Differentiator

Problem solved

Functional benefit

Brands

  • OLPRUVA™: Product for urea cycle disorders (UCDs)
  • EDSIVO™
  • ACER-001

Products and services

  • OLPRUVA™ (sodium phenylbutyrate) FDA-approved therapy for Urea Cycle Disorders (UCDs), a rare genetic condition affecting nitrogen metabolism, delivered via a proprietary formulation designed to improve patient compliance and efficacy compared to existing sodium phenylbutyrate treatments.
  • ACER-001 (sodium phenylbutyrate for MSUD) Investigational drug candidate being developed for Maple Syrup Urine Disease (MSUD), a rare metabolic disorder affecting branched-chain amino acid metabolism, leveraging the sodium phenylbutyrate active ingredient from OLPRUVA.
  • EDSIVO™ (celiprolol) Investigational therapy for Vascular Ehlers-Danlos Syndrome (vEDS), a rare genetic connective tissue disorder, utilizing beta-blocker properties of celiprolol to address life-threatening vascular complications.

Companies that use Acer Therapeutics

Customer profile

Segments2 records

Ideal customer profiles2 records

Acer Therapeutics technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Acer Therapeutics partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Acer Therapeutics competitors and assessment

Company assessment

Direct peers

  • Ultragenyx Pharmaceutical: Commercial-stage rare disease biotech with multiple approved products targeting metabolic disorders including urea cycle-related conditions; directly comparable in therapeutic focus, regulatory approach, and rare disease commercialization model.
  • BioMarin Pharmaceutical: Large rare disease biotech with deep portfolio across metabolic disorders (including phenylketonuria and other amino acid disorders); highly comparable in operating model even though materially larger in scale and headcount.
  • Zevra Therapeutics: Rare disease pharmaceutical company that acquired Acer Therapeutics in 2023; operates in the same therapeutic and commercial niche (rare metabolic and CNS disorders) and now owns OLPRUVA directly.
  • Soleno Therapeutics: Clinical-stage rare disease biotech focused on hyperphagia in Prader-Willi syndrome; comparable in size, regulatory stage, and ultra-rare disease commercialization model relevant to Acer's metabolic niche.
  • Travere Therapeutics: Rare disease company with approved products in nephrology and metabolic indications; comparable business model around small patient populations, reformulation strategies, and specialty distribution.

Broad incumbents

  • Genzyme (Sanofi): Historical leader in enzyme replacement and rare metabolic disease therapies (Cerezyme, Fabrazyme, Aldurazyme); operates as the broad incumbent setting the standard for rare disease commercialization Acer emulates.
  • Horizon Therapeutics (Amgen): Specialty rare disease franchise (now within Amgen) including metabolic and inflammatory rare conditions; representative of large strategic acquirer/incumbent playing in the rare disease space where Acer competes for physician attention.
  • Recordati Rare Diseases: Established rare disease division of Recordati with global distribution footprint and product portfolio across multiple rare indications; comparable in go-to-market through specialty pharma channels.
  • Alexion Pharmaceuticals (AstraZeneca): Original rare disease pure-play now within AstraZeneca, focused on complement-mediated and metabolic disorders; relevant incumbent comparator for commercial reach and lifecycle management of rare disease products.
  • Swedish Orphan Biovitrum (Sobi): European rare disease specialist with broad portfolio across metabolic, hematology, and immunology indications; relevant as a global peer with comparable rare disease commercial strategy and geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Acer Therapeutics social profiles

Digital presence

Acer Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Acer Therapeutics leadership team

Management profile

Number of profiles

Profiles4 records

Acer Therapeutics funding detail

Funding detail

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Acer Therapeutics M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Acer Therapeutics

What does Acer Therapeutics do?

Acer Therapeutics acquires, develops, and commercializes therapies for patients with serious, ultra-rare, and life-threatening diseases. Its commercial product, OLPRUVA™, is an FDA-approved sodium phenylbutyrate therapy for Urea Cycle Disorders (UCDs), while its pipeline includes ACER-001 for Maple Syrup Urine Disease (MSUD) and EDSIVO™ (celiprolol) for Vascular Ehlers-Danlos Syndrome (vEDS).

Is Acer Therapeutics a public or private company?

Acer Therapeutics is a public company. It is classified as corporate owned and is currently acquired.

When was Acer Therapeutics founded?

Acer Therapeutics was founded in 2018. It employs 11 to 50 people.

Where is Acer Therapeutics based?

Acer Therapeutics is headquartered in Newton, United States, in the North America region.

How does Acer Therapeutics make money?

One revenue line is on record: pharmaceutical Product Sales.

Who are Acer Therapeutics's main competitors?

Direct peers on record are Ultragenyx Pharmaceutical, BioMarin Pharmaceutical, Zevra Therapeutics, Soleno Therapeutics and Travere Therapeutics. Broad incumbents are Genzyme (Sanofi), Horizon Therapeutics (Amgen), Recordati Rare Diseases, Alexion Pharmaceuticals (AstraZeneca) and Swedish Orphan Biovitrum (Sobi).

Does Acer Therapeutics have an API?

No public API is recorded for Acer Therapeutics.

What industry is Acer Therapeutics in?

Acer Therapeutics's product category is Specialty Pharmaceuticals. Its primary akta.pro industry code is HLAIAIAB, Enzyme Replacement & Metabolic Disorder Therapies. Its NAICS code is 325411 and its SIC code is 2834.

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Live signals
GlobeNewswireZevra Therapeutics’ President and Chief Executive Officer Issues Letter to Stockholders Highlighting Recent Key Accomplishments and Outlook for 2024Zevra Therapeutics CEO Neil McFarlane issued a stockholder letter detailing 2024 progress, including OLPRUVA launch and arimoclomol NDA resubmission. The company grew from 24 to 81 employees and expects arimoclomol reimbursement of $2.1 million quarterly. It plans to present KP1077 Phase 2 data at SLEEP 2024 and awaits an FDA advisory committee meeting.Drug Development and DeliveryZevra Therapeutics Completes Acquisition of Acer Therapeutics in its Journey to Become a Leading Rare Disease CompanyZevra Therapeutics has completed its acquisition of Acer Therapeutics, expanding its portfolio in rare disease treatments with assets including OLPRUVA and EDSIVO. The transaction involved the issuance of approximately 2.96 million shares and contingent value rights potentially worth up to $76 million based on future milestones. Following the acquisition, Zevra announced a separate registered direct offering to raise approximately $6 million in gross proceeds.GlobeNewswireZevra Therapeutics Completes Acquisition of Acer Therapeutics in its Journey to Become a Leading Rare Disease CompanyZevra Therapeutics completed its acquisition of Acer Therapeutics, including OLPRUVA, an FDA-approved treatment for urea cycle disorders. The deal included approximately 2.96 million Zevra shares and contingent value rights worth up to $76 million, and Zevra also sold shares to an investment fund for about $6 million.ContractpharmaZevra Therapeutics Acquires Acer TherapeuticsZevra Therapeutics has acquired Acer Therapeutics in a transaction valued at approximately $76 million, contingent on regulatory and sales milestones. This acquisition adds rare disease assets OLPRUVA for urea cycle disorders and EDSIVO for vascular Ehlers-Danlos syndrome to Zevra's clinical portfolio.GlobeNewswireZevra Therapeutics Completes Acquisition of Acer Therapeutics in its Journey to Become a Leading Rare Disease CompanyZevra Therapeutics completed its acquisition of Acer Therapeutics, integrating the FDA-approved treatment OLPRUVA for urea cycle disorders into its portfolio. The transaction involved approximately 2.96 million shares of Zevra stock and contingent value rights up to $76 million, along with the purchase of Acer's senior secured debt valued at $28.5 million. This move propels Zevra into the commercial stage, diversifying its revenue streams and expanding its capabilities in rare disease therapeutics.ZevraZevra Therapeutics Completes Acquisition of Acer Therapeutics in its Journey to Become a Leading Rare Disease CompanyZevra Therapeutics completed its acquisition of Acer Therapeutics, integrating the FDA-approved treatment OLPRUVA for urea cycle disorders into its portfolio. The transaction involved approximately 2.96 million shares of Zevra stock and contingent value rights worth up to $76 million, alongside the prior purchase of Acer's senior secured debt valued at $28.5 million. Following the closing, Zevra also raised approximately $6.0 million through a registered direct offering with a healthcare-focused investment fund.PR NewswireMoore Kuehn Encourages TWNK, LVOX, ACER, and PNT Investors to Contact Law FirmLaw firm Moore Kuehn, PLLC announced investigations into four proposed mergers — Hostess Brands/J.M. Smucker Co., LiveVox Holdings/Nice Ltd., Acer Therapeutics/Zevra Therapeutics, and POINT Biopharma Global/Eli Lilly — to assess whether the deals are fair to shareholders. The firm is examining whether the boards of each company acted to maximize shareholder value, failed to disclose material information, and conducted a fair process. Shareholders of the target companies are invited to contact the firm regarding potential legal claims.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AEL, HT, ABCM, ACERHalper Sadeh LLC, an investor rights law firm, announced investigations into four companies regarding potential violations of federal securities laws or breaches of fiduciary duties in connection with proposed mergers: American Equity Investment Life Holding Company's sale to Brookfield Reinsurance for $38.85 cash plus 0.49707 Brookfield Asset Management shares per share; Hersha Hospitality Trust's sale to KSL Capital Partners for $10.00 per share; Abcam plc's sale to Danaher Corporation for $24.00 cash per share; and Acer Therapeutics Inc.'s sale to Zevra Therapeutics for 0.121 Zevra shares plus contingent value rights worth up to $76 million. The law firm indicated it may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.BenzingaDow Tumbles Over 100 Points; Acer Therapeutics Shares Spike Higher - Canopy Growth (NASDAQ:CGC)U.S. stock markets traded mixed on Thursday with the Dow falling over 100 points while the NASDAQ rose slightly, as investors digested a batch of corporate earnings. Dollar General reported Q2 FY23 sales of $9.80 billion, missing analyst estimates and cutting its full-year net sales growth outlook from 3.5%-5% down to 1.3%-3.3%, while also lowering EPS guidance significantly below expectations, sending shares down 13%. Meanwhile, Acer Therapeutics shares surged 93% after Zevra Therapeutics announced plans to acquire the company for up to $91 million, and Canopy Growth jumped 30% following HHS recommendations to reclassify marijuana as a lower-risk drug category.BenzingaNasdaq Rises 50 Points; Dollar General Shares Slide - Canopy Growth (NASDAQ:CGC)U.S. stocks saw a rise, with the Nasdaq Composite increasing by approximately 50 points amid varied sector performances, notably a 14% decline in Dollar General shares following a revenue miss. The rise in the Nasdaq reflects broader market trends, while specific companies, such as Acer Therapeutics and Canopy Growth, experienced significant stock movements due to acquisitions and regulatory changes.