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Achieve Life Sciences Announces $20M Loan Refinancing with Silicon Valley Bank

Jul 29, 2024•almost 2 years ago

Contract Type

loan refinance

BothellBiotechnology

Description

Achieve Life Sciences, Inc. has announced a $20 million debt refinancing agreement with Silicon Valley Bank (SVB), aimed at extending the maturity date and lowering the cost of capital. The refinancing also provides access to additional capital for moving cytisinicline through the regulatory approval process with FDA.

Company Information

Company

Achieve Life Sciences

Location

22722 29th Dr SE, Suite 100

Bothell, Washington, United States

About

Achieve Life Sciences is a specialty pharmaceutical company committed to advancing cytisine as a smoking cessation aid to overcome the global nicotine addiction epidemic.

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