earnings
confidence high
sentiment neutral
materiality 0.80
Aquestive Therapeutics reports Q1 2024 results, FDA approval of Libervant, and progress on Anaphylm
Aquestive Therapeutics, Inc.
2024-Q1 EPS reported
-$0.17
revenue$12,053,000
- Met all endpoints in Phase 3 pivotal study for Anaphylm (epinephrine) Sublingual Film compared to EpiPen and other injectors.
- Received FDA approval for Libervant (diazepam) Buccal Film in patients ages 2-5, now available in multiple strengths.
- Completed $77.5M underwritten public offering with institutional investors, extending cash runway into 2026.
- Total revenues increased to $12.1M in Q1 2024 from $11.1M in Q1 2023; net loss was $12.8M.
- On track to file Anaphylm NDA with FDA by end of 2024, with remaining studies expected by Q3 2024.