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Exhibit 10.2

***Text Omitted and Filed Separately

with the Securities and Exchange Commission.

Confidential Treatment Requested

Under 17 C.F.R. Sections 200.80(b)(4)

and 240.24b-2.

FOURTH AMENDMENT TO

COLLABORATIVE RESEARCH, DEVELOPMENT

AND LICENSE AGREEMENTS

T HIS F OURTH A MENDMENT TO C OLLABORATIVE R ESEARCH , D EVELOPMENT AND L ICENSE A GREEMENTS (the “Fourth Amendment” ) is entered into as of April 22, 2009 (the “Fourth Amendment Effective Date” ) by and between ACADIA P HARMACEUTICALS I NC . , a Delaware corporation ( “ACADIA” ) with offices at 3911 Sorrento Valley Blvd., San Diego, CA 92121, and A LLERGAN S ALES , LLC , a Delaware limited liability company ( “Allergan” ) with offices at 2525 Dupont Drive, Irvine, CA 92612, and A LLERGAN , I NC ., a Delaware corporation, solely as guarantor of the performance under this Agreement by Allergan.

R ECITALS

W HEREAS , the parties previously entered into that certain Collaborative Research, Development and License Agreement, dated September 24, 1997 (as amended by the First Amendment, the Second Amendment and the Third Amendment described below, the “1997 Agreement” ), pursuant to which the parties conducted collaborative research regarding, among other things, receptor selective compounds with the goal of establishing drug discovery programs related to such receptor selective compounds;

W HEREAS , the parties previously entered into that certain Collaborative Research, Development and License Agreement, dated July 26, 1999 (the “1999 Agreement” ), pursuant to which the parties conducted collaborative research regarding […***…] muscarinic compounds for the treatment or prevention of ocular disease;

W HEREAS , the 1997 Agreement was first amended on March 27, 2003 (the First Amendment” ) to continue the collaboration under the 1997 Agreement with respect to alpha adrenergic receptors and on the same date the parties entered into a new Collaborative Research, Development and License Agreement (the “2003 Agreement” ) regarding ACADIA’s chemical-genomics assets;

W HEREAS , the 1997 Agreement and the 2003 Agreement were amended on February 28, 2006 (the “Second Amendment” ) to continue the collaboration under the 1997 Agreement and the 2003 Agreement with respect to alpha adrenergic receptors and to continue to collaborate on other receptor selective compounds included in ACADIA’s chemical-genomics assets;

W HEREAS , the 1997 Agreement and the 2003 Agreement were amended on March 3, 2008 (the “Third Amendment” ) to continue the collaboration under the 1997 Agreement and the 2003 Agreement with respect to alpha adrenergic receptors and to continue to collaborate on muscarinic compounds for eye-care applications;

W HEREAS , the periods for research to be done pursuant to the 1997 Agreement and the 2003 Agreement (together, the “ Agreements ”) will expire on March 27, 2009;

 

  

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***Confidential Treatment Requested


W HEREAS , the parties wish to expand their collaboration on […***…] muscarinic selective compounds for eye-care indications on the terms set forth below; and

W HEREAS , the parties may wish to collaborate on muscarinic selective compounds for eye care indications or on other selective compounds included in ACADIA’s chemical-genomics assets pursuant to the 2003 Agreement and on the terms set forth below.

N OW T HEREFORE , in consideration of the foregoing and the covenants and premises contained in this Fourth Amendment, the parties hereby agree as follows:

1. Alpha Adrenergic Research Program. The parties’ research under the Agreements on alpha adrenergic receptors (the “Alpha Adrenergic Research Program” ) shall cease. The Joint Research Committee shall no longer manage or otherwise concern itself with matters relating to research on alpha adrenergic receptors. The Research Term of the Agreements with respect to the Alpha Adrenergic Research Program expired as of March 27, 2009. Allergan shall retain all of its current exclusive licenses under Section 5.1 of the 1997 Agreement to the ACADIA Technology in the Allergan Field as to alpha adrenergic receptors. For as long as Allergan is continuing to use commercially reasonable efforts to pursue research, development, marketing and/or sale of an Allergan Development Candidate or Allergan Product that is biologically active against an alpha adrenergic receptor, ACADIA shall not, by itself or in


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