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business1d ago
Achieve Life Sciences 2025 10-K: Net loss $54.6M, EPS $(1.25)
- Achieve Life Sciences reports a 2025 net loss of $54.6 million and a per-share loss of $1.25.
- Cash holdings at year end totaled $36.4 million, with ongoing concerns about the company’s ability to continue as a going concern.
- A June 20, 2026 PDUFA date was set for the NDA of cytisinicline for smoking cessation.
- Breakthrough Therapy designation and CNPV support FDA engagement for faster review.
- U.S. manufacturing partnership with Adare and technology transfer underway for a 2027 US launch.
- ORCA-OL trial completed in September 2025; safety and efficacy data continue to support regulatory progress.
- 2025 operating spend increased to support anticipated commercialization activities.
- NDA for cytisinicline advanced as regulatory momentum grows for smoking cessation and vaping indications.
- No revenue figure disclosed for 2025 in the 10-K filing.
- Company disclosed substantial doubt about continuing as a going concern.
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