STOCK TITAN

Esperion Therapeutics, Inc. - $ESPR STOCK NEWS

Welcome to our dedicated page for Esperion Therapeutics news (Ticker: $ESPR), a resource for investors and traders seeking the latest updates and insights on Esperion Therapeutics stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Esperion Therapeutics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Esperion Therapeutics's position in the market.

Rhea-AI Summary

Esperion (NASDAQ: ESPR) announced its participation in upcoming June investor conferences. The company will present at the Jefferies Global Healthcare Conference in New York on June 5, 2024, at 4:30 p.m. ET, and the Goldman Sachs Healthcare Conference in Miami Beach on June 12, 2024, at 8:40 a.m. ET. Both events will be webcast live, with replays available on the Esperion website for 90 days. Esperion focuses on developing and commercializing innovative treatments for cardiovascular and cardiometabolic diseases, particularly targeting high cholesterol levels. The company aims to address the unmet health needs of millions of patients.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.46%
Tags
conferences
-
Rhea-AI Summary

The European Commission has approved label updates for NILEMDO (bempedoic acid) and NUSTENDI (bempedoic acid/ezetimibe) to treat hypercholesterolemia and reduce cardiovascular risk. This approval is based on the positive results from the CLEAR Outcomes trial, making these the first and only LDL-C lowering treatments indicated for both primary and secondary prevention of cardiovascular events.

NILEMDO can lower cholesterol by up to 28% when added to statin therapy, while NUSTENDI can reduce LDL-C by 38% in high-risk patients. The Phase 3 CLEAR Outcomes trial involved 13,970 patients and showed a 13% reduction in major adverse cardiovascular events.

Despite existing treatments, up to 80% of patients do not achieve guideline-recommended LDL-C levels, highlighting the need for new options like NILEMDO and NUSTENDI. The approval aims to provide healthcare professionals with better tools to manage cardiovascular risk and reassure patients of effective treatment options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
none
-
Rhea-AI Summary

Esperion (ESPR) and Otsuka Pharmaceutical announced that their Phase 3 trial in Japan for bempedoic acid, a treatment for hypercholesterolemia, met its primary endpoint.

The study showed a 25.25% reduction in LDL cholesterol in the bempedoic acid group compared to a 3.46% reduction in the placebo group, achieving statistical significance (p<0.01).

No serious adverse events were reported, aligning with previous trials' safety and tolerability data.

Otsuka plans to submit a New Drug Application (NDA) in Japan in late 2024 based on these results.

Bempedoic acid is already marketed in the US and Europe for reducing cardiovascular risk and LDL cholesterol levels.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
Rhea-AI Summary

Esperion (NASDAQ: ESPR) has announced that the U.S. Patent and Trademark Office (USPTO) granted a five-year Patent Term Extension (PTE) for bempedoic acid, the key ingredient in NEXLETOL® and NEXLIZET® tablets. This extension extends U.S. Patent No. 7,335,799 through December 3, 2030. Bempedoic acid is indicated to reduce the risk of myocardial infarction and coronary revascularization in adults who cannot take recommended statin therapy. It is also used to lower LDL-C in adults with primary hyperlipidemia. The PTE will be included in the FDA's Orange Book, enhancing the market exclusivity of the drug. Important safety information includes the risk of hyperuricemia and tendon rupture, among other adverse reactions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
none
-
Rhea-AI Summary

Esperion granted 62,300 RSUs to 16 new employees under the 2017 Inducement Equity Incentive Plan. The RSUs will vest over time based on employment. Esperion focuses on developing medicines for cardiovascular diseases, striving to improve patient outcomes. For more info, visit esperion.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
none
-
Rhea-AI Summary

Esperion reported impressive Q1 2024 financial results with total revenue growing 467% Y/Y to $137.7 million and U.S. net product revenue increasing 46% Y/Y to $24.8 million. They received FDA approval for label expansions of NEXLETOL and NEXLIZET, making them the first non-statins to prevent heart attacks. Positive CHMP opinion expected from European Commission in Q2 2024. Collaboration revenue surged by 1,448% Y/Y. The company's cash balance is strong at $226.6 million. Financial outlook remains positive for 2024 with operating expenses projected at $225-245 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.79%
Tags
Rhea-AI Summary

Esperion (NASDAQ: ESPR) will participate in investor events in May, including JMP Securities’ Life Sciences Conference, Bank of America Securities’ Health Care Conference, and H.C. Wainwright’s BioConnect Investor Conference. Esperion focuses on developing medicines for cardiovascular and cardiometabolic diseases, aiming to improve outcomes for patients with high cholesterol.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.74%
Tags
conferences
-
Rhea-AI Summary
Esperion (ESPR) will report its first quarter 2024 financial results on May 7, 2024. The company aims to improve outcomes for patients with cardiovascular and cardiometabolic diseases by developing innovative medicines to reduce LDL-cholesterol levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.42%
Tags
conferences earnings
-
Rhea-AI Summary
Esperion (Nasdaq: ESPR) presented positive results from the CLEAR Outcomes trial at the 2024 American College of Cardiology’s Annual Scientific Sessions. Patients with obesity on NEXLETOL had a 23% lower risk of MACE-4 compared to placebo. The trial highlighted benefits in women and Hispanic/Latinx patients, emphasizing the importance of early LDL-C lowering for reducing cardiovascular events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Esperion (Nasdaq: ESPR) CEO Sheldon Koenig rings Nasdaq opening bell to celebrate FDA approval of new labels for products, aiming to reduce prescribing limitations and help more patients reach LDL-cholesterol goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
none
Esperion Therapeutics, Inc.

Nasdaq:ESPR

ESPR Rankings

ESPR Stock Data

403.55M
183.65M
0.45%
39.06%
10.77%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
United States of America
ANN ARBOR

About ESPR

esperion therapeutics, inc. is a pharmaceutical company focused on developing and commercializing first-in-class, oral, ldl-c lowering therapies for the treatment of patients with hypercholesterolemia. etc-1002, the company's lead product candidate, is an inhibitor of atp citrate lyase, a well-characterized enzyme on the cholesterol biosynthesis pathway; the same pathway that includes hmg-coa reductase, the enzyme target of statins. the company has successfully completed its phase 1 and phase 2 development programs for etc-1002, and plans to initiate its etc-1002 phase 3 development program by the end of 2015. for more information, please visit www.esperion.com.