Class Action Lawsuit Filed Against Aquestive Therapeutics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
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Should l Buy AQST?
Source: PRnewswire
- Class Action Initiation: Pomerantz LLP has announced a class action lawsuit against Aquestive Therapeutics, alleging securities fraud and other unlawful business practices by the company and certain officers, with investors needing to apply as Lead Plaintiff by May 4, 2026.
- FDA Regulatory Issues: On January 9, 2026, Aquestive received a letter from the FDA identifying deficiencies in its Anaphylm drug NDA, which has indefinitely delayed the approval process and could significantly impact future revenue streams for the company.
- Significant Stock Decline: Following the FDA news, Aquestive's stock price fell by $2.30, or 37.04%, closing at $3.91 per share on January 9, 2026, indicating a negative market outlook on the company's prospects.
- Legal Firm Background: Pomerantz LLP is a prominent securities class action law firm with over 85 years of experience, dedicated to fighting for the rights of victims of securities fraud and corporate misconduct, having recovered numerous multimillion-dollar damages for class members historically.
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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: 4.260
Low
6.00
Averages
9.00
High
12.00
Current: 4.260
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.
- Class Action Notification: 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 seek compensation.
- Fee Arrangement: Investors joining the class action will not incur any upfront costs, as the law firm will operate on a contingency fee basis, ensuring legal support without financial burden for the investors.
- Case Background: The lawsuit alleges that the defendants failed to disclose the true state of Aquestive's New Drug Application, particularly concealing human factors related to the use of its sublingual film, which led to investor losses when the truth emerged, negatively impacting the company's reputation and stock price.
- Law Firm Advantages: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first in the number of securities class action settlements in 2017, demonstrating its expertise and success in this field.
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- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Aquestive Therapeutics, seeking damages for investors who purchased securities between June 16, 2025, and January 8, 2026, reflecting growing concerns about the company's future prospects.
- False Statement Allegations: The complaint alleges that the company made materially false and misleading statements during the relevant period, failing to disclose that the timeline for the approval and launch of its New Drug Application (NDA) was significantly overstated, which could further undermine investor confidence in the company.
- Concealed Human Factor Risks: The lawsuit also points out that Defendants concealed significant human factor risks associated with the use of the sublingual film, including issues related to packaging, administration, and labeling, which could materially impact the likelihood and timing of regulatory approval, exacerbating the risk of investor losses.
- Investor Action Recommendation: Affected investors are encouraged to apply to be lead plaintiffs by May 4, 2026, although they do not need to serve in this role to share in any potential recovery, indicating that legal avenues are available for investors to recover losses.
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- Legal Investigation: Faruq & Faruqi, LLP is investigating potential claims against Aquestive Therapeutics, Inc., particularly for investors who purchased or acquired securities between June 16, 2025, and January 8, 2026, indicating legal risks that could impact the company's stock performance.
- Investor Contact Information: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly, providing phone numbers 877-247-4292 and 212-983-9330 (Ext. 1310) to discuss their legal rights, demonstrating a commitment to investor advocacy.
- Class Action Deadline: The firm reminds investors that May 4, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action filed against Aquestive, highlighting the time-sensitive nature of legal proceedings for investors.
- Potential Impact: Such legal actions may lead to liability for the company, affecting its market reputation and shareholder confidence, prompting investors to closely monitor developments to assess their investment risks.
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- Class Action Initiation: Pomerantz LLP has announced a class action lawsuit against Aquestive Therapeutics, alleging securities fraud by the company and certain executives, with investors needing to apply as Lead Plaintiff by May 4, 2026.
- FDA Approval Delay: On January 9, 2026, Aquestive received a letter from the FDA identifying deficiencies in the NDA for Anaphylm (Dibutepinephrine), preventing labeling discussions and leading to indefinite delays in approval, which could impact future product launches.
- Significant Stock Drop: Following the FDA news, Aquestive's stock price fell by $2.30, or 37.04%, closing at $3.91 per share on January 9, 2026, indicating market concerns regarding the company's future prospects.
- Legal Firm Background: Pomerantz LLP is a prominent law firm specializing in securities class actions, founded over 85 years ago, and has a history of recovering multimillion-dollar damages for victims of securities fraud, underscoring its commitment to protecting investor rights.
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- Shareholder Action Notice: The Gross Law Firm has issued a notice encouraging shareholders who purchased AQST shares between June 16, 2025, and January 8, 2026, to contact the firm regarding potential lead plaintiff appointment, facilitating participation in possible recovery.
- FDA Regulatory Issues: On January 9, 2026, Aquestive disclosed receipt of a letter from the FDA identifying deficiencies in its New Drug Application, which precluded labeling discussions and significantly delayed the approval timeline for Anaphylm, undermining investor confidence.
- Stock Price Plunge: Following the FDA notification, AQST's stock price plummeted from $6.21 per share on January 8, 2026, to $3.91 per share on January 9, 2026, marking a dramatic decline of over 37% in a single day, reflecting market pessimism regarding the company's future prospects.
- Litigation Participation Deadline: Shareholders must register by May 4, 2026, to participate in the class action lawsuit, with the Gross Law Firm committed to providing portfolio monitoring services to keep investors informed about the case's progress and protect their rights.
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- Lawsuit Background: Bragar Eagel & Squire, P.C. has announced a class action lawsuit against Aquestive Therapeutics on behalf of investors who purchased securities between June 16, 2025, and January 8, 2026, aiming to protect investor rights and seek compensation.
- FDA Deficiency Disclosure: The complaint alleges that the company made false statements during the class period, claiming its New Drug Application (NDA) would be approved by January 31, 2026, while the FDA actually 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 from $6.21 to $3.91, a decline of over 37%, reflecting strong market concerns about the company's future.
- Investor Action: Investors must apply by May 4, 2026, to be appointed as lead plaintiffs in the lawsuit, indicating a growing concern among investors regarding the company's governance and transparency.
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