leadership
confidence high
sentiment neutral
materiality 0.60
Achieve Life Sciences CMO/President Dr. Cindy Jacobs resigns; stays as consultant through NDA approval
ACHIEVE LIFE SCIENCES, INC.
- Dr. Jacobs resigned as Chief Medical Officer and President effective Oct 6, 2025.
- Separation agreement includes lump-sum cash severance of $101,296 (prorated 2025 bonus).
- She will serve as consultant until first business day after FDA NDA approval for cytisinicline.
- Unvested time-based options from Jan 2023/Jan 2024 to accelerate upon consultancy end; exercise period extended to 12 months.
- Company will reimburse up to $10,000 in legal fees for negotiation of separation and consulting agreements.