Esperion Therapeutics develops and commercializes therapies for cardiometabolic and rare/orphan diseases, with a commercial focus on oral, once-daily, non-statin LDL-C treatments for patients at risk for cardiovascular disease. Company news commonly covers NEXLETOL bempedoic acid data, CLEAR Outcomes analyses, dyslipidemia guideline developments, financial results, business updates, and material agreements.
Esperion's news also reflects portfolio expansion through its completed acquisition of Corstasis Therapeutics and Enbumyst bumetanide nasal spray, an FDA-approved loop diuretic for edema associated with congestive heart failure and hepatic or renal disease in adults. Additional recurring topics include ACLY biology, product commercialization, pipeline work in Primary Sclerosing Cholangitis and renal diseases, and governance or capital-structure matters.
Esperion (NASDAQ: ESPR) announced the presentation of three abstracts at the American Heart Association (AHA) Scientific Sessions 2021 from November 13-15, 2021. The highlighted studies include:
- Factors Associated with Enhanced LDL Cholesterol Lowering during Phase 3 studies of Bempedoic Acid.
- Efficacy and Safety of Bempedoic Acid in patients with Metabolic Syndrome.
- Pharmacokinetics and Safety of Bempedoic Acid in phase 1 trials.
Bempedoic Acid is indicated for adults requiring additional LDL-C lowering.
Esperion announced the appointment of Seth H.Z. Fischer as a Class III director, with his term expiring at the 2022 stockholders' meeting. His extensive experience in the pharmaceutical industry is expected to aid the company during this transformative period, particularly ahead of the CLEAR Outcomes trial results. Fischer's background includes leadership roles at various pharmaceutical companies, focusing on product growth and market strategies. Esperion aims to enhance access to its cholesterol-lowering oral medications for patients in need.
Esperion (NASDAQ: ESPR) announced participation in the Credit Suisse 30th Annual Healthcare Conference on November 9, 2021. Members of the management team will engage in a fireside chat and 1:1 meetings, scheduled for 4:20 p.m. ET.
Live audio webcasts can be accessed via the Esperion website.
Replays will be available for 90 days after the events.
Esperion (NASDAQ: ESPR) announced a privately negotiated exchange agreement with two holders of its 4.00% Convertible Senior Subordinated Notes due 2025, exchanging $15 million of notes for common stock. The exchange will close on November 3, 2021, subject to conditions, with share issuance based on a volume-weighted average price floor of $5.62. This move aims to reduce cash interest expenses and improve the company’s balance sheet as it anticipates upcoming study results.
Esperion (NASDAQ: ESPR) announced a significant restructuring, reducing its workforce by 40% to enhance operational efficiency in response to challenges posed by the COVID-19 pandemic. This move aims to better support the company's growth strategy for its cholesterol medications, NEXLETOL and NEXLIZET, while focusing on a digital marketing approach. Esperion projects annualized cash savings of at least $80 million and has revised its operating expenses for FY 2021, estimating a reduction of $20 million from previous guidance, alongside a preliminary net product revenue of $10.5 to $11 million for Q3 2021.
Esperion (NASDAQ: ESPR) will report its third-quarter 2021 financial results on November 2, 2021, prior to the U.S. market opening. Following the earnings release, a webcast and conference call will be held at 8:00 a.m. ET to discuss the results and business developments. Investors can join the call by dialing (877) 831-3840 for domestic calls or (253) 237-1184 for international participants. The call will also be available via a live audio webcast on the company's investor section of their website.
Esperion (NASDAQ: ESPR) has announced an investor webinar scheduled for September 13, 2021, at 1:30 PM ET, focusing on elevated cholesterol treatment during National Cholesterol Awareness Month. The event will feature Dr. Steven Nissen, a leading cardiologist from the Cleveland Clinic, discussing current treatment paradigms, guidelines, and the importance of cardiovascular outcomes trials. The format includes an educational dialogue with Esperion's new Chief Medical Officer, Dr. JoAnne Foody, followed by a Q&A session. Registration is limited to investors.
Esperion (NASDAQ: ESPR) will participate in the Morgan Stanley 19th Annual Global Healthcare Conference on September 9, 2021, at 2:00 p.m. ET. The event will feature a Fireside Chat and 1:1 Meetings. Live audio webcasts will be available on the investor relations section of the Esperion website, with replays archived for 90 days. Esperion is dedicated to lipid management and aims to provide innovative medicines to lower cholesterol for patients with unmet medical needs.
ESPERION reported a 67% sequential increase in U.S. net product revenue to $10.6 million for Q2 2021, driven by higher demand for NEXLETOL® and NEXLIZET®. Prescriptions grew 28%, with over 47,800 patients filling prescriptions. Despite these gains, total revenue decreased to $40.7 million primarily due to reduced collaboration revenue. The company reported a net loss of $43.7 million for the quarter, a significant decline from a net income of $124.6 million in 2020. Research and development expenses were $25.1 million, while total operating expenses are projected at $320 million to $340 million for 2021.
Esperion (NASDAQ: ESPR) announced that CEO Sheldon Koenig will participate in the BTIG Virtual Biotechnology Conference on August 9, 2021. The event will feature a Fireside Chat format scheduled for 11:30 a.m. ET. Live audio webcasts can be accessed via the investor relations section on Esperion's website, with replays available for 90 days post-event. Esperion focuses on lipid management, developing innovative cholesterol-lowering therapies to meet unmet patient needs.