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Why is Achieve Life Sciences Inc (ACHV) Stock down?

We've noticed a 7.40% decline in Achieve Life Sciences Inc (ACHV) stock during the 2024-11-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
12 Dec, 2023:

Shares of Achieve Life Sciences Inc. (ACHV) dropped by 42.20% from $5.45 to $3.15 in the trading on Tuesday, December 12, 2023. The reason why ACHV down today is due to an announcement made by Achieve Life Sciences. The company revealed that the timing for the New Drug Application (NDA) filing for its drug product candidate, Cytisinicline, may be delayed. This delay is to address feedback received from the U.S. Food and Drug Administration (FDA) regarding the drug.

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