Achieve Life Sciences promotes Craig Donnelly to COO, overseeing operations for cytisinicline's anticipated launch in 2026.
Quiver AI Summary
Achieve Life Sciences, Inc. has promoted Craig Donnelly to Chief Operations Officer as the company prepares for the mid-late 2026 launch of cytisinicline, a treatment for nicotine dependence. Donnelly, who joined Achieve in 2022 as Executive Vice President of Chemistry, Manufacturing, and Controls, will oversee the integration of supply chain and manufacturing with commercial strategy, ensuring operational efficiency and regulatory compliance. Achieve is focused on addressing the smoking cessation epidemic, with the FDA recently accepting a New Drug Application for cytisinicline, which possesses Breakthrough Therapy designation. The company aims to provide an effective solution for the approximately 29 million adults in the U.S. who smoke and the growing number of e-cigarette users.
Potential Positives
- Craig Donnelly's promotion to Chief Operations Officer positions Achieve Life Sciences to effectively lead the operational integration necessary for the anticipated mid-late 2026 product launch of cytisinicline.
- The FDA's acceptance of the cytisinicline New Drug Application (NDA) with a PDUFA completion date of June 20, 2026, marks a significant step towards potential regulatory approval and commercialization of a new smoking cessation treatment.
- Cytisinicline's designation as a Breakthrough Therapy by the FDA highlights its potential to address a critical unmet medical need in smoking cessation, demonstrating the significance of Achieve's product in the market.
Potential Negatives
- The acceptance of the cytisinicline NDA by the FDA does not guarantee approval, creating uncertainty around the company's future prospects.
- The release emphasizes potential risks and uncertainties related to regulatory approval and commercialization of cytisinicline, highlighting challenges the company may face in achieving its business objectives.
- The mention of reliance on external financing raises concerns about the company's financial stability and ability to support ongoing operations and product development.
FAQ
Who has been promoted to Chief Operations Officer at Achieve Life Sciences?
Craig Donnelly has been promoted to Chief Operations Officer at Achieve Life Sciences.
What is cytisinicline intended for?
Cytisinicline is developed for the treatment of nicotine dependence and smoking cessation.
When is the expected product launch for cytisinicline?
The anticipated product launch for cytisinicline is in mid to late 2026.
What experience does Craig Donnelly bring to his new role?
Craig Donnelly has over 25 years of biopharmaceutical industry experience, including CMC and regulatory roles.
What recent FDA milestone has Achieve Life Sciences achieved?
Achieve Life Sciences received FDA acceptance for the cytisinicline New Drug Application.
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 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 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
- 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 46 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
- SOFINNOVA INVESTMENTS, INC. removed 1,306,482 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,488,306
- HUDSON BAY CAPITAL MANAGEMENT LP added 1,173,532 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,652,182
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, Sept. 18, 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 promotion of Craig Donnelly to Chief Operations Officer.
Mr. Donnelly has been with Achieve since 2022, serving as Executive Vice President, Chemistry, Manufacturing, and Controls (CMC) and Regulatory CMC. In his expanded role as Chief Operations Officer, Mr. Donnelly will lead the integration of Achieve’s supply chain and manufacturing activities with the commercial strategy in anticipation of a product launch in mid-late 2026. This responsibility involves optimizing operations efficiency in the company's manufacturing, supply chain, CMC operations and product life-cycle management, while ensuring the company maintains the highest standards of quality and regulatory compliance. His leadership will be essential in establishing the scalable commercial manufacturing processes and systems needed to support Achieve’s transition from a late-stage development company to the anticipated commercial launch of cytisinicline.
"We are delighted to promote Craig to Chief Operations Officer,” commented Rick Stewart, Chief Executive Officer of Achieve Life Sciences. “Craig’s deep expertise and exceptional leadership have been instrumental in advancing our clinical and regulatory milestones. His ability to navigate the demands of bringing breakthrough therapeutics to market will be invaluable as we prepare for potential FDA approval of the first smoking cessation treatment in nearly two decades."
"I am honored to take on this expanded role as Chief Operations Officer during such an exciting period for Achieve Life Sciences," said Mr. Donnelly. "Cytisinicline represents a significant opportunity to address the unmet medical need in smoking cessation, and I look forward to leveraging my experience to ensure we have the operations infrastructure and processes in place to deliver this important treatment to patients who need it most."
With more than 25 years of biopharmaceutical industry experience, Mr. Donnelly has expertise in both technical development and regulatory CMC at all stages of development. He previously held senior roles in CMC and regulatory functions at companies including NuCana, ICON (formerly Mapi), and F. Hoffman-La Roche. He began his career at Pfizer as an analytical chemist and advanced to a project leadership role. He also served as a Team Leader at Almac Sciences. He holds a Bachelor’s with Honors in Chemical and Pharmaceutical Sciences from the University of Sunderland.
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 FDA accepted the cytisinicline New Drug Application (NDA) and defined a PDUFA completion date of June 20, 2026. 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 cessation 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 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 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 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.
Achieve Contact
Nicole Jones
Vice President, Strategic Communications and Stakeholder Relations
[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.