EX-5.1

Exhibit 5.1

900 South Capital of Texas Highway

Las Cimas IV, Fifth Floor

Austin, TX 78746-5546

PHONE 512.338.5400

FAX 512.338.5499

www.wsgr.com

April 17, 2020

Savara Inc.

836 Bee Cave Road, Building III, Suite 200

Austin, Texas 78746

Ladies and Gentlemen:

We have acted as counsel to Savara Inc., a Delaware corporation (the “Company”), in connection with the preparation of a Registration Statement on Form S-3 (the “Registration Statement”) to be filed on the date hereof by the Company with the United States Securities and Exchange Commission (the “Commission”), for the registration under the Securities Act of 1933, as amended (the “Securities Act”) of the resale of an aggregate of 47,927,176 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), of the Company. All of the Shares are being registered for resale on behalf of certain stockholders of the Company including their transferees, pledgees or donees or their respective successors (the “Selling Stockholders”), pursuant to a registration rights agreement between the Company and such stockholders dated as of December 20, 2019 (the “Registration Rights Agreement”). The Shares consist of (i) 9,569,430 outstanding shares of Common Stock (the “Outstanding Shares”) that are held by the Selling Stockholders and (ii) 5,780,537 shares of Common Stock issuable upon the exercise of outstanding pre-funded warrants to purchase shares of Common Stock and 32,577,209 shares of Common Stock issuable upon the exercise of outstanding warrants to purchase shares of Common Stock (the “Milestone Warrants”) (or issuable upon exercise of pre-funded warrants to purchase shares of Common Stock that are issuable to holders of Milestone Warrants upon exercise of such warrants in lieu of the issuance of Common Stock) (collectively, the “Warrant Shares” and such pre-funded warrants and the Milestone Warrants collectively, the “Warrants”).

We, as the Company’s counsel in connection with the registration for resale of the Shares, have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion, including, without limitation, the Registration Statement, the Registration Rights Agreement and the forms of the Warrants. We are opining herein as to the general corporation law of the State of Delaware (including the statutory provisions, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting the foregoing), and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction or, in the case of Delaware, any other laws, or as to any matters of municipal law or the laws of any local agencies within any state.

In our examination, we have assumed: (i) the authenticity of original documents and the genuineness of all signatures; (ii) the conformity to the originals of all documents submitted to us as copies; (iii) the truth, accuracy and completeness of the information, representations and warranties contained in the instruments, documents, certificates and records we have reviewed; and (iv) the legal capacity of all natural persons. As to any facts material to the opinions expressed herein that were not independently established or verified, we have relied upon oral or written statements and representations of officers and other representatives of the Company. In making our examination of documents executed or to be executed, we have assumed that the counterparties thereto, excluding the Company, have been duly organized and are, and will continue to be, validly existing and in good standing, and have or will have the requisite legal status and legal capacity under the laws of their respective jurisdictions of incorporation or organization and had or will have the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or other, and execution and delivery by such parties of such documents and the validity and binding effect thereof on such parties.

Based upon the foregoing, we advise you that, in our opinion:

The Outstanding Shares have been duly authorized by the Company and are validly issued, fully paid and nonassessable.

AUSTIN BEIJING BOSTON BRUSSELS HONGKONG LOS ANGELES NEW YORK PALO ALTO

SAN DIEGO SAN FRANCISCO SEATTLE SHANGHAI WASHINGTON, DC WILMINGTON, DE