Aquestive Therapeutics Expands Leadership Team to Accelerate Anaphylm Launch and Pipeline Growth

Strategic Leadership Hires Signal Focus on Anaphylm and R&D Momentum

With an FDA decision looming on Anaphylm™, Aquestive Therapeutics (NASDAQ: AQST) is making bold moves to reinforce its leadership bench. The company today announced the immediate addition of Dr. Matthew Davis as Chief Development Officer, the appointment of Dr. Gary Slatko as interim Chief Medical Officer, and the promotion of Peter Boyd to Chief People Officer. These changes are designed to fuel the company's ambitions for the commercial rollout of Anaphylm and the broader AdrenaVerse™ prodrug epinephrine platform.

Anaphylm Aims to Be the First Oral Epinephrine Rescue—Leadership Changes Add Credibility

Set to potentially become the first and only oral medication for severe allergic reactions if approved, Anaphylm offers patients an alternative to injections. Aquestive’s innovation—a postage-stamp-sized, rapidly dissolving film—reflects its push for novel therapies that are easier and more convenient to administer, especially during medical emergencies. The strategic hires bring impressive drug development, clinical, and regulatory expertise just as the company prepares for the most critical stage of Anaphylm’s journey: FDA review and, if approved, commercialization.

Leadership Credentials Align With Growth Vision

Dr. Davis brings over two decades of experience from leading pharmaceutical and biotech firms, having directly contributed to six commercial launches, including Lidoderm®, and over 1,100 public citations. Dr. Slatko, with significant experience at the FDA and several pharmaceutical giants, returns to lead medical affairs and drug safety during a pivotal period for the company. Peter Boyd’s promotion leverages his broad operational experience to scale human resources ahead of expansion.

Growth Incentives Backed by Equity Awards

As a signal of commitment and to align long-term incentives, Dr. Davis will receive 50,000 restricted stock units and 50,000 non-qualified stock options, with vesting over three years and a strike price set at the market close on the scheduled grant date. These equity inducements, outside the core equity plan but approved by the compensation committee, are structured to drive focus on clinical, regulatory, and commercial success milestones.

Anaphylm’s Commercial Promise: Compact Design, Transformative Potential

Designed as a discreet, durable film for sublingual delivery, Anaphylm may disrupt the standard-of-care for anaphylaxis, a market still dominated by injectable products. The film’s portability—smaller than a credit card and administration without water—offers a differentiated approach to life-saving intervention. Final regulatory clearance and name approval now rest with the FDA, with a decision anticipated in the near term.

What’s Next for Investors and Patients?

While there are hurdles ahead—regulatory, competitive, and operational—Aquestive’s leadership moves seem calculated to de-risk the next phase of growth. As investors track FDA actions and market readiness for Anaphylm, the spotlight will remain on execution and the broader pipeline. For patients, Anaphylm’s approval could mark a step-change in allergy emergency treatment.

Key Takeaway: Focus on Execution Ahead of Potential Breakthrough

With high-profile hires, clear product milestones, and equity incentives, Aquestive is placing its bets on near-term execution. Whether Anaphylm can become a category leader—and whether Aquestive can turn innovation into revenue—remains to be seen, but today’s moves show intent and a roadmap to potentially significant outcomes for all stakeholders.

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