Achieve Life Sciences

Achieve Life Sciences

ACHV
Bothell, Canada· Est.
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ACHV · Stock Price

USD 4.79+2.31 (+93.15%)
Market Cap: $490.2M

Historical price data

Market Cap: $490.2MPipeline: 37 drugs (9 Phase 3)Founded: 1998Employees: 11-50HQ: Bothell, Canada

Overview

Achieve Life Sciences is a late-stage specialty pharmaceutical company with a mission to end the global nicotine dependence epidemic. Its strategy is centered on cytisinicline, a plant-based alkaloid with a novel dual agonist/antagonist mechanism for smoking cessation. The company has successfully completed its Phase 3 program, submitted an NDA to the FDA in June 2025, and received a PDUFA target action date of June 20, 2026. If approved, cytisinicline could become the first new FDA-approved treatment in this category in 20 years, targeting a multi-billion dollar market with significant unmet need.

Nicotine DependenceSmoking Cessation

Technology Platform

Focused development of cytisinicline, a plant-based alkaloid with a novel dual partial agonist/competitive antagonist mechanism targeting the α4β2 nicotinic acetylcholine receptor for smoking cessation.

Pipeline

37
37 drugs in pipeline9 in Phase 3
DrugIndicationStageWatch
Custirsen + Docetaxel + Prednisone + DexamethasoneProstate CancerPhase 3
Custirsen + DocetaxelNon-Small Cell Lung CancerPhase 3
Cytisinicline + PlaceboVaping CessationPhase 3
Taxol + TOCOSOL PaclitaxelBreast NeoplasmPhase 3
Cytisinicline + PlaceboSmoking CessationPhase 3

Funding History

2
Total raised:$40M
PIPE$25M
Series A$15M

Opportunities

Cytisinicline addresses a massive, persistent global health epidemic with a first-in-20-years novel therapy, combining high efficacy with a potentially best-in-class tolerability profile.
The unaddressed vaping cessation market offers a major near-term expansion opportunity with no approved pharmacotherapy.

Risk Factors

The investment is highly binary, dependent on FDA approval by the June 2026 PDUFA date.
Post-approval, the company faces significant commercialization and execution risks in a competitive market, and will likely require additional dilutive financing to fund launch activities.

Competitive Landscape

Cytisinicline competes primarily against varenicline (Chantix®), which has efficacy but tolerability limitations, and over-the-counter nicotine replacement therapies (NRT) with lower efficacy. Its key differentiation is a favorable tolerability profile, particularly low nausea, which could drive superior patient adherence and market share capture.

Company Timeline

1998Founded

Founded in Bothell, Canada

2017Series A

Series A: $15.0M

2020PIPE

PIPE: $25.0M