Core Viewpoint - Aquestive Therapeutics is advancing its investigational product Anaphylm, an epinephrine sublingual film, aimed at providing a reliable and portable treatment for severe allergic reactions, including anaphylaxis, with results to be presented at the 2025 AAAAI Annual Meeting [1][2]. Group 1: Product Development and Clinical Data - Anaphylm is designed to offer a more accessible option for emergency epinephrine administration without the need for an injection or device, pending FDA approval [2]. - The Phase 2 OASIS study involved 36 adults with Oral Allergy Syndrome, demonstrating that Anaphylm maintains stability and potency under extreme conditions, which is crucial for real-world application [2][4]. - Anaphylm showed consistent epinephrine absorption and matched or exceeded intramuscular (IM) epinephrine in key pharmacokinetic parameters, with median symptom resolution time of 12 minutes compared to 74 minutes without treatment [5][4]. Group 2: Presentation Details - Multiple posters will be presented at the AAAAI Annual Meeting, including topics on the durability of Anaphylm under real-world use, stability under extreme temperature conditions, and pharmacokinetic and pharmacodynamic responses [3][6]. - The lead authors for the presentations include Steve Wargacki, PhD, and Carl N. Kraus, MD, with specific presentation times scheduled for March 1, 2025 [3][6]. Group 3: Company Overview - Aquestive Therapeutics focuses on advancing medicines through innovative science and delivery technologies, with a portfolio that includes five commercialized products and collaborations with other pharmaceutical companies [8]. - The company is also developing an earlier-stage epinephrine prodrug topical gel for various dermatology conditions, showcasing its commitment to addressing complex medical needs [8].

Core Insights - Aquestive Therapeutics, Inc. will participate in the Oppenheimer 35th Annual Healthcare Life Sciences Conference virtually on February 11-12, 2025, with a fireside chat scheduled for February 11 at 3:20 PM ET [1] Company Overview - Aquestive is a pharmaceutical company focused on advancing medicines that improve patients' lives through innovative science and delivery technologies [3] - The company is developing orally administered and topical gel products to deliver complex molecules, providing alternatives to standard therapies [3] - Currently, Aquestive has five commercialized products marketed in the U.S. and globally, and it is the exclusive manufacturer of these licensed products [3] - The company collaborates with other pharmaceutical companies to bring new molecules to market using proprietary technologies like PharmFilm [3] - Aquestive is advancing a late-stage proprietary product candidate for treating severe allergic reactions, including anaphylaxis, and an early-stage epinephrine prodrug topical gel for dermatology conditions [3]

Core Insights - Aquestive Therapeutics is focused on advancing innovative medicines to improve patients' lives through unique delivery technologies and has outlined key objectives for 2025 [1][2] Group 1: Business Developments - In 2024, the company achieved significant milestones, positioning it for continued success in 2025, including the potential approval and launch of Anaphylm, Libervant, and AQST-108 [2] - The company plans to submit the New Drug Application (NDA) for Anaphylm in the first quarter of 2025, aiming to address unmet needs in severe allergy management [4] - Libervant received FDA approval in 2024 for treating seizure clusters in pediatric patients aged two to five years, ensuring access to essential treatment for this age group [7][8] Group 2: Product Development - Anaphylm, an innovative epinephrine delivery system, is on track for NDA submission, with a successful pre-NDA meeting with the FDA and a Phase 1 pediatric trial initiated [3][4] - AQST-108, a topical gel for alopecia areata, is set to begin its Phase 2a clinical trial in the second quarter of 2025 after a supportive pre-IND meeting with the FDA [5][6] - The market opportunity for JAK inhibitors in alopecia areata is estimated to exceed one billion U.S. dollars, highlighting the potential for AQST-108 to capture market share if approved [6] Group 3: Financial Position - As of December 31, 2024, the company reported unaudited cash and cash equivalents of approximately $70 million, providing a solid financial foundation for ongoing and future projects [7]

Company Overview - Aquestive Therapeutics (NASDAQ: AQST) has transitioned from a pharmaceutical company focused on partnering or licensing its PharmFilm technology to a clinical-stage company [1] - The company has been covered by the analyst since 2019, highlighting its evolution and potential in the healthcare sector [1] Analyst's Perspective - The analyst has a beneficial long position in AQST through stock ownership, options, or other derivatives, indicating a positive outlook on the company's future [2] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with the mentioned companies [2] Industry Focus - The analyst specializes in innovative companies developing breakthrough therapies and pharmaceuticals, with a focus on potential acquisition catalysts [1] - The healthcare investment group led by the analyst offers several model healthcare portfolios, a weekly newsletter, a daily watchlist, and a chat for dialogue and questions [1]

Core Points - The U.S. FDA has granted seven years of orphan drug exclusivity to Libervant® (diazepam) Buccal Film for treating seizure clusters in pediatric patients aged 2 to 5 [1] - Libervant is the first and only FDA-approved orally administered rescue therapy for this specific patient population [2] - The FDA's orphan designation provides financial incentives and market exclusivity benefits for drugs treating rare diseases affecting fewer than 200,000 people in the U.S. [1] Company Overview - Aquestive Therapeutics, Inc. is focused on advancing medicines through innovative science and delivery technologies, with a portfolio that includes five commercialized products [11] - The company aims to provide non-invasive treatment alternatives to existing therapies for patients with refractory epilepsy [3] - Libervant was originally granted Orphan Drug Designation on November 10, 2016, and the exclusivity extends to April 2031 [1] Product Details - Libervant is a buccal film formulation of diazepam intended for acute treatment of frequent seizure activity distinct from a patient's usual seizure pattern [3] - The product was approved for pediatric patients aged 2 to 5 in April 2024, following tentative approval for patients aged 12 and older in August 2022 [3] - The buccal route of administration is considered a significant improvement over the rectal route, enhancing ease of use for caregivers [1]

Financial Data and Key Metrics Changes - Total revenues increased to $13.5 million in Q3 2024 from $13 million in Q3 2023, a 4% increase primarily driven by an increase in license and royalty revenue [18] - Net loss for Q3 2024 was $11.5 million or $0.13 per share, compared to a net loss of $2 million or $0.03 per share in Q3 2023, driven by increased expenses [22] - Non-GAAP adjusted EBITDA loss was $6.6 million in Q3 2024 compared to a loss of $1.3 million in Q3 2023 [23] Business Line Data and Key Metrics Changes - Manufacture and supply revenue decreased to $10.7 million in Q3 2024 from $11.4 million in Q3 2023, primarily due to timing of revenues [18] - Research and development expenses increased to $5.3 million in Q3 2024 from $3.2 million in Q3 2023, driven by clinical trial costs [20] - Selling, general and administrative expenses increased to $12.1 million in Q3 2024 from $7.4 million in Q3 2023, influenced by increased commercial spending [21] Market Data and Key Metrics Changes - Medicaid coverage for Libervant is now available in all 50 states, enhancing market access [12] - Libervant prescriptions have steadily increased between September and October 2024 due to expanded retail distribution and a national sales team [13] Company Strategy and Development Direction - The company is focused on advancing Anaphylm towards NDA submission and growing Libervant prescriptions in the pediatric space [15] - Plans for a Phase 2a study for AQST-108 are set for 2025, targeting alopecia areata, with expectations for significant market opportunity [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the progress made with Anaphylm and the supportive feedback received from the FDA [9][10] - The outlook for 2024 remains unchanged, with total revenues expected to be approximately $57 million to $60 million [25] Other Important Information - Cash and cash equivalents were $77.9 million as of September 30, 2024, supporting ongoing development and commercialization efforts [24] - The company is preparing for a pre-NDA meeting with the FDA and plans to share findings post-meeting [10] Q&A Session Summary Question: What topics will be highlighted in the Anaphylm clinical briefing book? - The company aims to demonstrate that they have met all FDA requirements and is looking for guidance on the completeness of their package [28] Question: How did negotiations with PBMs for Libervant go? - Negotiations have been positive, with coverage being secured for patients aged two to five [29] Question: Will there be an Ad Comm for Anaphylm? - The company is prepared for the possibility of an Ad Comm but does not have insight into the FDA's thinking [36] Question: What is the pricing paradigm for Libervant? - Pricing has not been an obstacle, and the payer community understands the necessity of the product [46] Question: How will the NDA for Anaphylm be prepared while the pediatric study is ongoing? - The NDA preparation is ongoing, and the company expects alignment with the FDA on the pediatric study design [66]

Company Overview - Aquestive Therapeutics (NASDAQ: AQST) is a small-cap pharmaceutical company founded in 2004, specializing in unique film-based medicines for various indications [1] - The company has developed the "PharmFilm" platform, which serves as an alternative to invasive delivery methods [1] Investment Interest - The primary investment interest lies in biotech, with over a decade of investment experience in this sector [1] - Secondary interests include dividend growth equities and business development companies (BDC) [1]

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | Third Quarter 2024 Earnings Supplemental Materials | | | | | | | September 2024 November 4, 2024 | Advancing medicines. Advancing medicines. Solving problems. S ...

Aquestive Therapeutics (AQST) reported $13.54 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.2%. EPS of -$0.13 for the same period compares to -$0.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $12.69 million, representing a surprise of +6.68%. The company delivered an EPS surprise of -8.33%, with the consensus EPS estimate being -$0.12.While investors closely watch year-over-year changes in headline numbers -- revenue and ...

Aquestive Therapeutics (AQST) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.33%. A quarter ago, it was expected that this specialty pharmaceutical company would post a loss of $0.11 per share when it actually produced a loss of $0.03, delivering a surprise of 72.73%.Over the last four qu ...