Class Action Lawsuit Filed Against Aquestive
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2026
0mins
Should l Buy AQST?
Source: Globenewswire
- Lawsuit Background: Bragar Eagel & Squire has filed a class action lawsuit against Aquestive Therapeutics in New Jersey on behalf of investors who purchased securities between June 16, 2025, and January 8, 2026, indicating significant issues with the company's drug approval process.
- FDA Deficiency Disclosure: The complaint alleges that during the class period, Aquestive misled investors by claiming its New Drug Application (NDA) would receive timely FDA approval, while in reality, the FDA identified deficiencies that delayed the approval of Anaphylm.
- Stock Price Plunge: Following the announcement on January 9, 2026, that the FDA had identified deficiencies, Aquestive's stock price plummeted over 37% from $6.21 per share on January 8 to $3.91, reflecting strong market concerns about the company's future.
- Investor Action: Affected investors are encouraged to apply to be lead plaintiffs by May 4, 2026, indicating that the legal action could have significant implications for the company's financial outlook.
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Analyst Views on AQST
Wall Street analysts forecast AQST stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.130
Low
6.00
Averages
9.00
High
12.00
Current: 4.130
Low
6.00
Averages
9.00
High
12.00
About AQST
Aquestive Therapeutics, Inc. is a pharmaceutical company. The Company is engaged in developing orally administered and topical gel products to deliver complex molecules, providing novel alternatives to invasive and inconvenient standard of care therapies. It has four commercialized products marketed by the Company’s licensees in the United States and around the world and is the manufacturer of these licensed products. The Company also collaborates with pharmaceutical companies to bring new molecules to market using proprietary technologies, including PharmFilm, and has proven drug development and commercialization capabilities. The Company is advancing a late-stage proprietary product candidate for the treatment of severe allergic reactions, including anaphylaxis, and an early-stage epinephrine prodrug topical gel product candidate for various possible dermatology conditions. Its portfolio includes Anaphylm, AQST-108, Libervant, Suboxone, and Emylif.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Legal Investigation Launched: Faruq & Faruqi, LLP is investigating potential claims against Aquestive Therapeutics, Inc. related to securities transactions between June 16, 2025, and January 8, 2026, indicating possible legal risks that could undermine investor confidence.
- Investor Rights Reminder: The firm reminds investors that May 4, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, highlighting the importance and urgency of investor participation in legal proceedings.
- Direct Contact Channels: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly at 877-247-4292 or 212-983-9330 (Ext. 1310), providing a straightforward avenue for legal support.
- Potential Impact Assessment: Such legal actions could result in financial liabilities for the company, potentially affecting its stock performance and market reputation, prompting investors to closely monitor developments to safeguard their interests.
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- Class Action Notice: Rosen Law Firm reminds investors who purchased Aquestive Therapeutics (NASDAQ:AQST) securities between June 16, 2025, and January 8, 2026, that they must apply to be lead plaintiff by May 4, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby reducing the financial burden on investors and encouraging more victims to participate in the lawsuit.
- Case Background: The lawsuit alleges that Aquestive concealed critical information regarding human factors related to its New Drug Application for its sublingual film, resulting in investor losses when the truth was revealed, highlighting significant deficiencies in the company's disclosure practices.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved multiple large settlements, recovering over $438 million for investors in 2019 alone, demonstrating its expertise and success in the field, which investors should consider when selecting legal counsel.
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- Class Action Timeline: Rosen Law Firm has notified investors of Aquestive Therapeutics (NASDAQ: AQST) that the lead plaintiff deadline for the class action is May 4, 2026, covering purchases made between June 16, 2025, and January 8, 2026, urging timely action to protect investor rights.
- Transparent Fee Structure: Investors participating in the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages more affected parties to join the lawsuit.
- Lawsuit Background: The lawsuit alleges that Aquestive made false or misleading statements regarding its New Drug Application, failing to disclose critical human factors in the use of its sublingual film, leading to investor losses when the truth emerged, potentially impacting the company's future market performance.
- Law Firm's Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, highlighting the importance of selecting experienced legal counsel to effectively safeguard investor interests.
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- Lawsuit Background: Robbins LLP reminds all investors who purchased or acquired Aquestive Therapeutics (NASDAQ: AQST) securities between June 16, 2025, and January 8, 2026, that a class action has been filed, alleging the company misled investors regarding the approval status of its drug Anaphylm.
- FDA Feedback: According to the complaint, on January 9, 2026, the FDA confirmed that deficiencies in Aquestive's New Drug Application precluded labeling discussions and post-marketing commitments, resulting in a delay of Anaphylm's launch and failure to secure approval by the January 31, 2026 PDUFA date.
- Stock Price Volatility: Following the FDA's notification, Aquestive's stock price plummeted over 37%, from $6.21 per share on January 8, 2026, to $3.91 per share on January 9, 2026, reflecting a pessimistic market sentiment regarding the company's future prospects.
- Shareholder Action: Affected shareholders can submit their papers by May 4, 2026, to apply as lead plaintiffs in the class action, representing other shareholders in the litigation, and they do not need to participate in the case to be eligible for recovery.
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- Lawsuit Notice Issued: The Gross Law Firm has issued a notice to shareholders who purchased AQST shares between June 16, 2025, and January 8, 2026, encouraging them to contact the firm regarding potential lead plaintiff appointment to partake in any recovery.
- FDA Deficiency Disclosure: On January 9, 2026, Aquestive announced receipt of a letter from the FDA identifying deficiencies in its Anaphylm New Drug Application, which precluded labeling discussions and indicated that the approval process would be delayed, undermining investor confidence in the company's future.
- Stock Price Plummet: Following the FDA notification, AQST's stock price fell dramatically from $6.21 per share on January 8, 2026, to $3.91 per share on January 9, representing a decline of over 37% in a single day, reflecting market pessimism regarding the company's outlook.
- Shareholder Action Deadline: Shareholders must register by May 4, 2026, to participate in the class action lawsuit, with the Gross Law Firm committed to providing registered shareholders with monitoring services to keep them informed about the case's progress.
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- Lawsuit Background: Bragar Eagel & Squire, P.C. has initiated a class action lawsuit against Aquestive Therapeutics on behalf of investors who purchased securities between June 16, 2025, and January 8, 2026, reflecting disappointment over the company's failure to secure timely approval for its new drug Anaphylm.
- FDA Deficiency Disclosure: The lawsuit highlights that on January 9, 2026, the FDA confirmed deficiencies in Aquestive's New Drug Application, leading to delays in Anaphylm's launch, which directly impacted investor confidence and stock price.
- Stock Price Plunge: Following the FDA announcement, Aquestive's stock price plummeted over 37%, from $6.21 per share on January 8, 2026, to $3.91, indicating a pessimistic outlook from the market regarding the company's future.
- Investor Action: Investors are urged to apply by May 4, 2026, to be appointed as lead plaintiffs, highlighting concerns over corporate governance and transparency, which may influence future investment decisions.
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