Welcome to our dedicated page for Achieve Life Sciences news (Ticker: ACHV), a resource for investors and traders seeking the latest updates and insights on Achieve Life Sciences stock.
Achieve Life Sciences, Inc. (Nasdaq: ACHV) is a specialty pharmaceutical company dedicated to addressing the global nicotine addiction epidemic through the development and commercialization of cytisinicline, a plant-based alkaloid intended for smoking and e-cigarette cessation. The company's main focus is advancing cytisinicline as a viable treatment option to help individuals overcome nicotine dependence, a significant public health concern affecting millions worldwide.
Headquartered in Seattle, Washington, and Vancouver, British Columbia, Achieve Life Sciences has made notable strides in its clinical development programs. The company has successfully completed two Phase 3 trials (ORCA-2 and ORCA-3) and a Phase 2 trial (ORCA-V1) for e-cigarette cessation. Cytisinicline has demonstrated a strong safety profile and statistical significance in increasing the likelihood of quitting nicotine compared to placebo.
In February 2024, Achieve announced a substantial $124.2 million financing, enabling the company to further its clinical development, particularly the long-term exposure trial (ORCA-OL), which is critical for its New Drug Application (NDA) submission anticipated in the first half of 2025. This financing also involves participation from strategic investors such as Propel Bio Partners LLC, Nantahala Capital, and Sopharma, among others.
The company recently announced positive outcomes from its Phase 2 ORCA-V1 trial, where cytisinicline more than doubled the odds of quitting e-cigarettes compared to placebo. These results were published in the Journal of the American Medical Association (JAMA) Internal Medicine, further cementing cytisinicline's potential as a breakthrough treatment in nicotine cessation.
Achieve Life Sciences collaborates with key industry stakeholders and regulatory bodies like the U.S. Food and Drug Administration (FDA) to ensure the comprehensive evaluation of cytisinicline's efficacy and safety. The company is on track to begin the ORCA-OL trial in the second quarter of 2024, with results expected to support its NDA submission and potential FDA approval by 2025.
As of March 31, 2024, the company reported cash and cash equivalents totaling $66.4 million, reflecting its strong financial position post the recent equity financing. Achieve Life Sciences remains committed to its mission of providing effective treatment solutions for nicotine addiction and improving public health outcomes globally.
Achieve Life Sciences (NASDAQ: ACHV) has announced that data on cytisinicline will be presented at the Society for Research on Nicotine & Tobacco (SRNT-E) Conference from September 15-17, 2021. Key presentations include a subgroup analysis from the ORCA-1 Phase 2 study, showing a Week 4 abstinence rate of 51.3% for cytisinicline, significantly higher than the 15.8% rate for placebo (p=0.009). Another analysis highlighted a shorter time to sustained abstinence with cytisinicline, taking only 7 days compared to 18 days for placebo. Achieve's enrollment in the Phase 3 ORCA-2 trial has been completed, with results expected in early 2022.
Achieve Life Sciences (NASDAQ: ACHV) announced CEO John Bencich's participation in two upcoming investor conferences. The first is a virtual corporate overview at the HC Wainwright 23rd Annual Global Investment Conference on September 13, 2021. The second event is the Lake Street Capital Markets' 5th Annual Best Ideas Growth Conference on September 14-15, 2021, featuring virtual one-on-one investor meetings. Additionally, Achieve recently completed enrollment in the Phase 3 ORCA-2 clinical trial for cytisinicline, with results anticipated in early 2022.
Achieve Life Sciences, Inc. (NASDAQ: ACHV) recently expanded its clinical operations team with key hires, including a Director of Clinical Operations and a Senior Manager of Clinical Trials. This move aims to enhance the development of cytisnicline, a potential treatment for smoking cessation. Achieve has fully enrolled its Phase 3 ORCA-2 trial, targeting combustible cigarette cessation, with results expected in H1 2022. Additionally, the Board approved stock options for new employees, incentivizing their contributions. The firm is committed to addressing nicotine addiction, a major public health issue.
Achieve Life Sciences (ACHV) announced its Q2 2021 financial results, including a net loss of $11.3 million. The company reported the completion of enrollment for the Phase 3 ORCA-2 trial of cytisinicline, involving 810 adult smokers. Achieve secured a $23 million financing and received a NIH grant to evaluate cytisinicline for e-cigarette cessation. Additionally, two new patents were issued for the 3.0 mg TID dosing regimen. Topline data from the ORCA-2 trial is expected in H1 2022.
Achieve Life Sciences (NASDAQ:ACHV) announced the issuance of two patents by the USPTO for a 3.0 mg TID dosing regimen of cytisinicline, a treatment for nicotine addiction. The patents could provide marketing exclusivity until 2040, enhancing the company’s position in the smoking cessation market. Results from the ongoing Phase 3 ORCA-2 trial are expected in early 2022.
Achieve Life Sciences, Inc. (NASDAQ:ACHV) will report its second quarter 2021 financial results on August 12, 2021, at 4:30 PM EDT. The conference will provide an update on the cytisinicline development program, aimed at addressing smoking cessation and nicotine addiction. Investors can join the live conference call by dialing (877) 472-9809 in the U.S. or (629) 228-0791 internationally, referencing conference ID 8694398. A webcast replay will be available on Achieve's Investor Relations page approximately two hours post-call.
Achieve Life Sciences (NASDAQ: ACHV) has received a grant from the National Institute on Drug Abuse (NIDA) to explore cytisinicline for nicotine e-cigarette cessation. Set to begin on August 1, 2021, the grant will support vital regulatory and clinical activities, including submitting a new IND to the FDA. The anticipated Phase 2 ORCA-V1 study will involve about 150 adult e-cigarette users in the U.S. Achieve has also completed enrollment for its Phase 3 ORCA-2 trial for combustible cigarette cessation, with top-line results expected in early 2022.
Achieve Life Sciences (NASDAQ: ACHV) has announced the completion of participant enrollment for its Phase 3 ORCA-2 trial of cytisinicline, targeting 750 adult smokers in the U.S. This trial will compare the drug's effectiveness and safety against placebo for smoking cessation. Participants will take 3 mg of cytisinicline three times daily for either 6 or 12 weeks, with monitoring extending to 24 weeks post-randomization. Topline results are expected in the first half of 2022, with prior studies showing promising results for cytisinicline.
Achieve Life Sciences (NASDAQ: ACHV) announced the allowance of two U.S. patent applications covering a novel 3.0 mg three times daily cytisinicline dosing regimen for nicotine addiction treatment. These patents will protect the administration method, potentially enhancing its intellectual property strategy as cytisinicline undergoes clinical trials. The Phase 3 ORCA-2 trial is ongoing, with a 50% quit rate observed in prior studies. Patents are expected to expire in Q3 2040, and the company aims for FDA approval, which could link the patents to the FDA's Orange Book.
Achieve Life Sciences, a clinical-stage pharmaceutical company, will participate in the LD Micro Invitational XI Conference from June 8-10, 2021. CEO John Bencich is set to present virtually on June 9 at 2:30 p.m. EDT. The event will feature around 180 companies and will run daily from 10 a.m. to 6 p.m. EDT. Achieve is focused on developing cytisinicline for smoking cessation, a plant-based alkaloid that assists with nicotine addiction. Currently, a Phase 3 study (ORCA-2) is enrolling participants across 17 U.S. sites.
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