Achieve Life Sciences appoints Erik Atkisson as Chief Legal Officer, enhancing legal strategy for cytisinicline development and commercialization.
Quiver AI Summary
Achieve Life Sciences, Inc. has appointed Erik Atkisson as Chief Legal Officer to oversee its legal strategy, compliance, and risk management as the company advances cytisinicline for smoking cessation. Atkisson brings over 25 years of experience in the biopharmaceutical sector, having held senior legal positions at various companies. Achieve is focused on developing cytisinicline as a treatment for nicotine dependence, recently receiving FDA acceptance for its New Drug Application submitted in June 2025, with a review date set for June 20, 2026. This drug is seen as a critical solution to address nicotine dependence and has already demonstrated efficacy in completed clinical studies.
Potential Positives
- Appointment of Erik Atkisson as Chief Legal Officer brings extensive legal and regulatory expertise, enhancing Achieve Life Sciences' capacity to navigate compliance and risk management as they advance their product.
- Acceptance of the New Drug Application (NDA) for cytisinicline by the FDA signifies progress in regulatory review and establishes a timeline for potential market entry, with a Prescription Drug User Fee Act (PDUFA) date set for June 20, 2026.
- Achieve Life Sciences is addressing a critical public health challenge by developing an evidence-based treatment for nicotine dependence, reflecting its commitment to large unmet needs in the smoking cessation market.
- The company has received Breakthrough Therapy designation from the FDA for cytisinicline, indicating its potential importance in treating nicotine dependence and enhancing visibility and credibility in the biopharmaceutical sector.
Potential Negatives
- Appointment of Erik Atkisson as Chief Legal Officer may indicate previous legal or compliance issues that needed rectification.
- Forward-looking statements highlight significant risks and uncertainties regarding the development, regulatory approval, and commercialization of cytisinicline, indicating potential challenges ahead.
- Cytisinicline has not yet received FDA approval for any indication, which could hinder market confidence and the company's growth potential.
FAQ
Who has been appointed as Chief Legal Officer at Achieve Life Sciences?
Erik Atkisson has been appointed as the Chief Legal Officer at Achieve Life Sciences.
What is the focus of Achieve Life Sciences?
Achieve Life Sciences focuses on developing cytisinicline for treating nicotine dependence and smoking cessation.
What is cytisinicline used for?
Cytisinicline is being developed as a treatment for nicotine dependence, including smoking and vaping cessation.
What designation has cytisinicline received from the FDA?
Cytisinicline has been granted Breakthrough Therapy designation by the FDA to address unmet needs in nicotine cessation.
When is the PDUFA date for cytisinicline?
The Prescription Drug User Fee Act (PDUFA) date for cytisinicline is June 20, 2026.
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 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $ACHV stock by insiders over the last 6 months:
- THOMAS BRAXTON KING sold 139,858 shares for an estimated $387,406
- RICHARD ALISTAIR STEWART (Chief Executive Officer) sold 129,501 shares for an estimated $378,142
- MARK K OKI (Chief Financial Officer) sold 50,060 shares for an estimated $146,175
- CINDY JACOBS (President & CMO) sold 27,629 shares for an estimated $76,532
- JAIME XINOS (Chief Commercial Officer) sold 20,854 shares for an estimated $57,765
- JERRY WAN (Principal Accounting Officer) sold 14,070 shares for an estimated $38,973
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ACHV Hedge Fund Activity
We have seen 38 institutional investors add shares of $ACHV stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PROPEL BIO MANAGEMENT, LLC added 3,699,999 shares (+150.8%) to their portfolio in Q2 2025, for an estimated $8,361,997
- ALYESKA INVESTMENT GROUP, L.P. added 3,083,333 shares (+732.4%) to their portfolio in Q2 2025, for an estimated $6,968,332
- FRANKLIN RESOURCES INC added 2,000,079 shares (+81.3%) to their portfolio in Q2 2025, for an estimated $4,520,178
- BLACKROCK, INC. removed 1,739,315 shares (-84.7%) from their portfolio in Q2 2025, for an estimated $3,930,851
- CLEARLINE CAPITAL LP added 1,326,259 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,997,345
- HUDSON BAY CAPITAL MANAGEMENT LP added 1,173,532 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,652,182
- HEIGHTS CAPITAL MANAGEMENT, INC added 989,509 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,236,290
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ACHV Analyst Ratings
Wall Street analysts have issued reports on $ACHV in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 08/21/2025
To track analyst ratings and price targets for $ACHV, check out Quiver Quantitative's $ACHV forecast page.
Full Release
SEATTLE and VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Achieve Life Sciences, Inc. (Nasdaq: ACHV), a late-stage specialty pharmaceutical company focused on the global development and commercialization of cytisinicline for treatment of nicotine dependence for smoking cessation, today announced the appointment of Erik Atkisson as Chief Legal Officer. In his new role, Mr. Atkisson will oversee Achieve’s legal strategy, corporate governance, compliance, and risk management.
“Erik’s extensive legal, regulatory and M&A background in the biopharmaceutical sector provides valuable experience as we advance cytisinicline through regulatory review and prepare for a potential launch,” commented Rick Stewart, Chief Executive Officer of Achieve. “We are pleased to welcome Erik to our executive leadership team and are confident his expertise will greatly strengthen our work during this crucial growth period for Achieve.”
“I am honored to join Achieve during such a transformative time,” said Mr. Atkisson. “Nicotine dependence remains a significant public health challenge, and I am inspired by Achieve’s dedication to providing a new evidence-based treatment option to people who need it most. I look forward to supporting our team’s mission to address nicotine dependence as a medical condition and guiding the organization through the evolving regulatory landscape.”
Bringing over 25 years of experience in the pharmaceutical and biotechnology industries, Mr. Atkisson has held senior legal positions at multiple clinical- and commercial-stage biopharmaceutical companies. Mr. Atkisson recently served as General Counsel, Corporate Secretary, and Chief Compliance Officer at Rain Oncology, leading all legal matters including governance, IP, contracting, regulatory, privacy, and litigation. Earlier in his career, Mr. Atkisson served as General Counsel of Eiger BioPharmaceuticals and Chief Compliance Officer of Cytokinetics. He also held senior positions at Amneal Pharmaceuticals (formerly Impax Laboratories) and BioMarin Pharmaceutical. Mr. Atkisson holds a J.D. from Georgetown University Law Center, an M.Sc. from the University of Edinburgh, and a B.A. from Harvard University.
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 September 2025, the company announced that its New Drug Application, submitted to the U.S. Food and Drug Administration (FDA) in June 2025, had been accepted for review. The FDA has assigned a Prescription Drug User Fee Act (PDUFA) date of June 20, 2026. The NDA is for cytisinicline to be used as a treatment of nicotine dependence for smoking cessation in adults, based on two successfully completed Phase 3 studies and its 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, 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 unmet need.
Cytisinicline is a plant-derived alkaloid with a high binding affinity to the nicotinic acetylcholine receptor. It is believed to aid in treating nicotine dependence for smoking cessation 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 a new investigational product candidate being developed for the treatment of nicotine dependence for smoking cessation and has not been approved by the FDA 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 regarding the timing and nature of cytisinicline clinical development and regulatory review and approval, the potential benefits, efficacy, safety and tolerability of cytisinicline, the ability to drive financial results and stockholder value, 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, among others, the risk that cytisinicline may not demonstrate the hypothesized or expected benefits; the risk that Achieve may not be able to obtain additional financing to fund the development and commercialization of cytisinicline; the risk that cytisinicline will not receive regulatory approval or be successfully commercialized; the risk that new developments in the smoking cessation landscape require changes in business strategy or clinical development plans; the risk that Achieve’s intellectual property may not be adequately protected; general business and economic conditions; risks related to the impact on our business of macroeconomic and geopolitical conditions, including inflation, volatile interest rates, volatility in the debt and equity markets, actual or perceived instability in the global banking system, global health crises and pandemics and geopolitical conflict and the other factors described in the risk factors set forth in Achieve’s filings with the Securities and Exchange Commission from time to time, 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
Vice President, Strategic Communications and Stakeholder Relations
[email protected]
425-686-1510
References
¹VanFrank 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.
²World Health Organization. WHO Report on the Global Tobacco Epidemic, 2019. Geneva: World Health Organization, 2017.
³U.S. Department of Health and Human Services. The Health Consequences of Smoking – 50 Years of Progress. A Report of the Surgeon General, 2014.
⁴Vahratian 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.
⁵Jamal 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.