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ACHV missed EPS expectations by 5.80%

Aug 13, 2024, 8:34 PM
0.00%
What does ACHV do
Achieve Life Sciences, Inc., a clinical-stage pharmaceutical company based in Seattle, is developing cytisinicline, a plant-based alkaloid aimed at aiding smoking cessation through its dual-acting mechanism as both an agonist and antagonist. Cytisinicline targets the alpha-4 beta-2 nicotinic acetylcholine receptors in the brain to alleviate nicotine cravings and withdrawal symptoms, positioning it as a potential improvement over current prescription and OTC cessation aids.
Achieve Life Sciences (ACHV) reported a negative EPS surprise in its most recent quarterly earnings. For the most recent quarter, Achieve Life Sciences's actual EPS was -$0.25, missing the estimate of -$0.24 per share, resulting in a -5.80% surprise.
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