Achieve Life Sciences will present at the BTIG Virtual Biotechnology Conference on cytisinicline for smoking cessation.
Quiver AI Summary
Achieve Life Sciences, Inc. announced its participation in the BTIG Virtual Biotechnology Conference on July 29-30, 2025, where CEO Rick Stewart will engage in a fireside chat with BTIG analyst Julian Harrison. The company is focused on the development of cytisinicline, a treatment for nicotine dependence aimed at aiding smoking and vaping cessation, having submitted its New Drug Application to the FDA after successful Phase 3 studies. Cytisinicline, which has received Breakthrough Therapy designation, targets the significant health issues associated with tobacco use, which leads to millions of preventable deaths annually. While cytisinicline is still under investigation and not FDA-approved, it shows promise in reducing nicotine craving symptoms and the satisfaction derived from nicotine products.
Potential Positives
- Achieve Life Sciences is participating in the BTIG Virtual Biotechnology Conference, providing an opportunity to enhance visibility and investor relations.
- The company submitted its New Drug Application to the FDA for cytisinicline, signaling progress in the regulatory process for a treatment aimed at nicotine dependence.
- Cytisinicline has received Breakthrough Therapy designation from the FDA, highlighting its potential significance in addressing a critical health need in smoking and vaping cessation.
Potential Negatives
- While the company has submitted a New Drug Application to the FDA, cytisinicline has not yet been approved, which means the company still faces uncertainty regarding its market viability.
- The press release includes multiple forward-looking statements, indicating potential risks and uncertainties that could prevent Achieve from meeting its stated goals, which may create concerns for investors about the company's future prospects.
- The emphasis on the investigational status of cytisinicline may lead to skepticism regarding the efficacy and safety of the product until it is formally approved.
FAQ
What is the main focus of Achieve Life Sciences?
Achieve Life Sciences focuses on developing cytisinicline as a treatment for nicotine dependence and smoking cessation.
When is Achieve Life Sciences participating in the BTIG Virtual Biotechnology Conference?
Achieve Life Sciences will participate in the conference on July 29-30, 2025.
Who will represent Achieve Life Sciences at the conference?
Rick Stewart, the CEO of Achieve Life Sciences, will represent the company during the conference.
What notable application did Achieve Life Sciences submit in June 2025?
In June 2025, Achieve submitted its New Drug Application for cytisinicline to the FDA.
What designation has the FDA granted to cytisinicline?
The FDA has granted cytisinicline the Breakthrough Therapy designation to address nicotine e-cigarette cessation needs.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ACHV Insider Trading Activity
$ACHV insiders have traded $ACHV stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ACHV stock by insiders over the last 6 months:
- MARK K OKI (Chief Financial Officer) purchased 10,000 shares for an estimated $28,887
- RICHARD ALISTAIR STEWART (Chieve Executive Officer) purchased 10,000 shares for an estimated $28,598
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ACHV Hedge Fund Activity
We have seen 27 institutional investors add shares of $ACHV stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FRANKLIN RESOURCES INC removed 1,393,301 shares (-36.2%) from their portfolio in Q1 2025, for an estimated $3,720,113
- SOFINNOVA INVESTMENTS, INC. removed 1,306,482 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,488,306
- J. GOLDMAN & CO LP added 269,413 shares (+1097.5%) to their portfolio in Q1 2025, for an estimated $719,332
- NANTAHALA CAPITAL MANAGEMENT, LLC added 244,885 shares (+37.4%) to their portfolio in Q1 2025, for an estimated $653,842
- SHAY CAPITAL LLC added 240,734 shares (+962.9%) to their portfolio in Q1 2025, for an estimated $642,759
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 58,141 shares (+258.0%) to their portfolio in Q1 2025, for an estimated $155,236
- INVESCO LTD. added 56,856 shares (+338.7%) to their portfolio in Q1 2025, for an estimated $151,805
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SEATTLE and VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Achieve Life Sciences, Inc. (Nasdaq: ACHV), a late-stage specialty pharmaceutical company focused on the global development and commercialization of cytisinicline as a treatment of nicotine dependence for smoking cessation, today announced that the company will participate in the BTIG Virtual Biotechnology Conference being held July 29-30, 2025.
Rick Stewart, Chief Executive Officer of Achieve, will participate in a fireside chat with Julian Harrison, BTIG Biotechnology Analyst, on Tuesday, July 29, at 3:20 pm EDT. For more information or to register for the conference, please email BTIG at [email protected] .
About Achieve Life Sciences, Inc.
Achieve Life Sciences is a late-stage specialty pharmaceutical company committed to addressing the global smoking health and nicotine dependence epidemic through the development and commercialization of cytisinicline. In June 2025, the company submitted its New Drug Application to the FDA for cytisinicline as a treatment of nicotine dependence for smoking cessation in adults, based on two successfully completed Phase 3 studies and its fully enrolled open-label safety study. Additionally, the company has completed a Phase 2 study with cytisinicline in vaping cessation and conducted a successful end-of-Phase 2 meeting with the FDA for a future vaping indication.
About Cytisinicline
There are approximately 29 million adults in the United States who smoke combustible cigarettes.
1
Tobacco use is currently the leading cause of preventable death that is responsible for more than eight million deaths worldwide and nearly half a million deaths in the United States annually.
2,3
More than 87% of lung cancer deaths, 61% of all pulmonary disease deaths, and 32% of all deaths from coronary heart disease are attributable to smoking and exposure to secondhand smoke.
3
In addition, there are approximately 17 million adults in the United States who use e-cigarettes, also known as vaping. 4 In 2024, approximately 1.6 million middle and high school students in the United States reported using e-cigarettes. 5 There are no FDA-approved treatments indicated specifically as an aid to nicotine e-cigarette cessation. Cytisinicline has been granted Breakthrough Therapy designation by the FDA to address this critical need.
Cytisinicline is a plant-based alkaloid with a high binding affinity to the nicotinic acetylcholine receptor. It is believed to aid in treating nicotine addiction for smoking and e-cigarette cessation by interacting with nicotine receptors in the brain, reducing the severity of nicotine craving symptoms, and reducing the reward and satisfaction associated with nicotine products. Cytisinicline is an investigational product candidate being developed as a treatment of nicotine dependence for smoking cessation and has not been approved by the Food and Drug Administration for any indication in the United States.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements Achieve makes regarding its expectation of market conditions and use of proceeds, the timing and nature of cytisinicline clinical development and regulatory review and approval, data results and commercialization activities, the potential market size for cytisinicline, the potential benefits, efficacy, safety and tolerability of cytisinicline, the development and effectiveness of new treatments, and the successful commercialization of cytisinicline. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Achieve may not actually achieve its plans or product development goals in a timely manner, if at all, or otherwise carry out its intentions or meet its expectations or projections disclosed in these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including Achieve’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Achieve undertakes no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law.
Achieve Contact
Nicole Jones
[email protected]
425-686-1510
References
1
VanFrank B, Malarcher A, Cornelius ME, Schecter A, Jamal A, Tynan M. Adult Smoking Cessation — United States, 2022. MMWR Morb Mortal Wkly Rep 2024;73:633–641.
2
World Health Organization. WHO Report on the Global Tobacco Epidemic, 2019. Geneva: World Health Organization, 2017.
3
U.S. Department of Health and Human Services. The Health Consequences of Smoking – 50 Years of Progress. A Report of the Surgeon General, 2014.
4
Vahratian A, Briones EM, Jamal A, Marynak KL. Electronic cigarette use among adults in the United States, 2019–2023. NCHS Data Brief, no 524. Hyattsville, MD: National Center for Health Statistics. 2025. DOI: https://dx.doi.org/ 10.15620/cdc/174583.
5
Jamal A, Park-Lee E, Birdsey J, et al. Tobacco Product Use Among Middle and High School Students — National Youth Tobacco Survey, United States, 2024. MMWR Morb Mortal Wkly Rep 2024;73:917–924.