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NewAmsterdam Pharma and Menarini Group Receive Positive CHMP Opinion Recommending Marketing Authorization for Ubeslo® (Obicetrapib Monotherapy) and Evlarco® (Obicetrapib Plus Ezetimibe Fixed-Dose Combination)

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NewAmsterdam Pharma (Nasdaq: NAMS) and its partner Menarini Group received a positive CHMP opinion recommending EU marketing authorization for Ubeslo (obicetrapib 10 mg monotherapy) and Evlarco (10 mg obicetrapib plus 10 mg ezetimibe FDC) to treat primary hypercholesterolemia, including HeFH, and mixed dyslipidemia.

The recommendation is based on Phase 3 BROADWAY, BROOKLYN and TANDEM trials, which showed statistically significant LDL-C reductions up to about 40% with obicetrapib monotherapy and about 50% in combination with ezetimibe versus placebo, with tolerability comparable to placebo. The opinion now goes to the European Commission, with a decision expected in 2H26 and potential centralized authorization across the EU and EEA if granted.

Under a licensing agreement, Menarini holds exclusive commercialization rights for obicetrapib in Europe and is responsible for regulatory and commercial activities, while NewAmsterdam is eligible for tiered double‑digit royalties on net sales in the Menarini territory and up to an additional €833 million in clinical, regulatory and commercial milestones.

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Positive

  • Positive CHMP opinion for Ubeslo and Evlarco in hypercholesterolemia across Europe
  • Phase 3 data show LDL-C reductions up to ~40% monotherapy and ~50% combo vs placebo
  • European Commission decision expected in 2H26 following CHMP recommendation
  • Exclusive EU commercialization deal with Menarini, which handles regulatory and marketing activities
  • Royalty stream of tiered double-digit percentages plus up to €833 million in milestones
  • PREVAIL cardiovascular outcomes trial enrolled over 9,500 patients, supporting longer-term development

Negative

  • None.

Market Context

Historical conference and company-news reactions ranged from -3.12% to 3.78% over 24 hours, adding a...
Analysis

Historical conference and company-news reactions ranged from -3.12% to 3.78% over 24 hours, adding a mixed precedent for this regulatory milestone. The European Commission decision and insider net selling remain key items to watch.

Key Figures

European Commission decision: 2H26 Monotherapy LDL-C reduction: up to 40% Combination LDL-C reduction: approximately 50% +5 more
8 metrics
European Commission decision 2H26 Expected final marketing-authorization decision
Monotherapy LDL-C reduction up to 40% Phase 3 BROADWAY, BROOKLYN, and TANDEM trials versus placebo
Combination LDL-C reduction approximately 50% Obicetrapib plus ezetimibe versus placebo
PREVAIL enrollment over 9,500 patients Randomized in the Phase 3 cardiovascular outcomes trial
Royalty rate low double-digits to mid-twenties Tiered percentage royalties on net sales in the Menarini Territory
Potential milestones up to €833 million Clinical, regulatory, and commercial milestones
Obicetrapib monotherapy dose 10 mg Ubeslo product description
Fixed-dose combination 10 mg obicetrapib plus 10 mg ezetimibe Evlarco product description

Historical Context

5 past events · Latest: Jul 02 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 02 Inducement grants Neutral +0.2% Equity awards for four non-executive hires produced a 0.2% 24-hour reaction.
Jul 01 AAIC presentations Positive +3.8% Obicetrapib data presentations at AAIC preceded a 3.78% 24-hour increase.
Jun 03 NLA presentations Positive +1.3% Planned lipid-management presentations preceded a 1.26% 24-hour increase.
May 28 Investor conferences Neutral -3.1% Two planned healthcare conference appearances preceded a 3.12% 24-hour decline.
May 11 Investor conferences Neutral +2.2% Two planned healthcare conference appearances preceded a 2.22% 24-hour increase.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company-news reactions were mostly positive, with four aligned events and one divergence.

Key Terms

CHMP, marketing authorization, LDL-C, CETP inhibitor, +2 more
6 terms
CHMP regulatory
"the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency"
The CHMP is the European Medicines Agency’s expert panel that evaluates whether a medicine for people should be recommended for approval across the EU. Think of it as a technical review board whose positive or negative opinion strongly affects a drug maker’s ability to sell a product in the European market, shaping potential revenues, regulatory risk and investment timelines for companies developing or marketing therapies.
marketing authorization regulatory
"positive opinion recommending marketing authorization for Ubeslo® and Evlarco®"
An official government approval that allows a drug, vaccine, or medical device to be sold and promoted in a specific country or region. Think of it as a safety and effectiveness passport issued after regulators review the product’s tests and manufacturing; for investors, receiving this authorization typically unlocks sales, revenue potential, and lower regulatory risk, while delays or denials can substantially affect a company’s value and timeline.
LDL-C medical
"patients at risk of cardiovascular disease with elevated low-density lipoprotein cholesterol (“LDL-C”)"
LDL-C stands for low-density lipoprotein cholesterol, the portion of cholesterol carried in the blood by LDL particles that is commonly linked to buildup of plaque in arteries—think of it like sticky debris that can clog pipes. Investors care because changes in LDL-C are a key measure used by regulators and clinicians to judge the effectiveness of cardiovascular drugs and devices, shape insurance coverage, and influence market demand for treatments that lower heart attack and stroke risk.
CETP inhibitor medical
"Obicetrapib is a novel, oral, low-dose CETP inhibitor"
A CETP inhibitor is a medicine that blocks a blood protein responsible for moving cholesterol between different carriers, which typically raises “good” HDL cholesterol and can lower “bad” LDL cholesterol. For investors, these drugs matter because if clinical trials and regulators confirm they reduce heart disease, they can create large new revenue streams for developers; conversely, trial failures or safety concerns can sharply reduce a company’s value, like a promising new tool that must still prove it fixes the problem.
fixed-dose combination medical
"obicetrapib/ezetimibe fixed-dose combination (“FDC”)"
A fixed-dose combination is a single medication that contains two or more active drugs combined in set proportions, like a combo meal that packages complementary items into one order. For investors it matters because such products can improve patient convenience and adherence, streamline manufacturing and marketing, and create distinct regulatory and patent opportunities or risks that affect a drug’s market size, pricing power, and long-term revenue potential.
MACE medical
"designed to assess the potential of obicetrapib to reduce occurrences of MACE"
MACE stands for Major Adverse Cardiovascular Events — a composite medical endpoint that counts serious heart-related outcomes such as heart attack, stroke and cardiovascular death. Investors use MACE as a single safety and efficacy yardstick for drugs or devices aimed at the heart or blood vessels; like a vehicle crash-test score, a lower MACE rate signals fewer serious harms and can strongly influence regulatory approval, market adoption and commercial value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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- Positive CHMP opinion supports potential commercialization of obicetrapib monotherapy and obicetrapib/ezetimibe fixed-dose combination in Europe -

- Recommendation based on positive Phase 3 BROADWAY, BROOKLYN, and TANDEM data -

- European Commission decision expected in 2H26 -

NAARDEN, The Netherlands and MIAMI and FLORENCE, Italy, July 24, 2026 (GLOBE NEWSWIRE) -- NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS or “NewAmsterdam” or the “Company”), a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease (“CVD”) with elevated low-density lipoprotein cholesterol (“LDL-C”), for whom existing therapies are not sufficiently effective or well-tolerated, along with partner Menarini Group (“Menarini”), today announced that the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency (“EMA”) has adopted a positive opinion recommending marketing authorization for Ubeslo® (obicetrapib 10 mg monotherapy) and Evlarco® (10 mg obicetrapib plus 10 mg ezetimibe fixed-dose combination (“FDC”)) for patients with primary hypercholesterolemia, both heterozygous familial (“HeFH”) and non-familial or mixed dyslipidemia.

“Today’s positive CHMP opinion is a significant milestone—not just for NewAmsterdam but for a novel therapy, addressing LDL-C and other drivers of residual cardiovascular risk,” said Michael Davidson, M.D., Chief Executive Officer of NewAmsterdam. “With its compelling clinical profile, and the convenience of oral, once daily dosing with or without food, obicetrapib, if approved, has the potential to address a major unmet need for those not reaching LDL-C goals on existing therapies. We are thankful for the continued collaboration with Menarini and look forward to the European Commission’s final decision later this year.”

The positive CHMP recommendation is supported by data from NewAmsterdam's comprehensive clinical development program evaluating obicetrapib, including the Phase 3 BROADWAY, BROOKLYN and TANDEM trials, which demonstrated statistically significant LDL-C reductions up to 40% with obicetrapib monotherapy versus placebo and approximately 50% with obicetrapib combined with ezetimibe versus placebo, with a tolerability profile comparable to placebo. NewAmsterdam and Menarini continue to advance the clinical development of obicetrapib through multiple ongoing Phase 3 trials, including PREVAIL, a cardiovascular outcomes trial, as well as REMBRANDT and RUBENS.

The CHMP’s positive opinion will now be reviewed by the European Commission (“EC”), which is expected to adopt a final decision on marketing authorization and has authority to grant centralized marketing authorization applicable across all European Union member states, as well as Iceland, Liechtenstein and Norway.

“We are very pleased to have reached this important regulatory milestone in Europe and appreciate the continued collaboration with NewAmsterdam,” said Elcin Barker Ergun, Chief Executive Officer of Menarini. “Pending a positive European Commission decision, we look forward to helping bring obicetrapib, an oral pill with a unique mechanism of action, to patients across Europe to help reach their LDL-C targets that they could not reach with existing treatments.”

Under the parties' licensing agreement, Menarini holds exclusive commercialization rights for obicetrapib in Europe and is responsible for regulatory interactions and commercialization activities throughout the region.

NewAmsterdam is entitled to tiered double-digit percentage royalties ranging from the low double-digits to mid-twenties on net sales in the Menarini Territory and up to an additional €833 million upon the achievement of various clinical, regulatory and commercial milestones.

About Obicetrapib

Obicetrapib is a novel, oral, low-dose CETP inhibitor that NewAmsterdam is developing to overcome the limitations of current LDL-lowering treatments. In each of the Company’s Phase 2 trials, ROSE2, TULIP, ROSE, and OCEAN, as well as the Company’s Phase 3 BROOKLYN, BROADWAY and TANDEM trials, evaluating obicetrapib as monotherapy or combination therapy, the Company observed statistically significant LDL-lowering combined with a side effect profile similar to that of placebo. The Company commenced the Phase 3 PREVAIL cardiovascular outcomes trial in March 2022, which is designed to assess the potential of obicetrapib to reduce occurrences of MACE. The Company completed enrollment of PREVAIL in April 2024 and randomized over 9,500 patients. Commercialization rights of obicetrapib in Europe, either as a monotherapy or as part of a fixed-dose combination with ezetimibe, have been exclusively granted to the Menarini Group, an Italy-based, leading international pharmaceutical and diagnostics company.

About Cardiovascular Disease

Cardiovascular disease remains the leading cause of death globally, despite the availability of lipid-lowering therapies (“LLTs”). By 2050 more than 184 million U.S. adults are expected to be affected by CVD and hypertension, including 27 million with coronary heart disease and 19 million with stroke. In the United States from 2019 through 2022, CVD age-adjusted mortality rates increased by 9%, reversing the trend observed since 2010 and undoing nearly a decade of progress. Despite the availability of high-intensity statins and non-statin LLTs, LDL-C target level attainment remains low, contributing to residual cardiovascular risk, and underscoring a significant clinical need for improved therapeutic regimens. Even with 269 million LLT prescriptions written over the last 12 months, 30 million under-treated US adults are not at their risk-based LDL-C goal, of which 13 million have ASCVD. Less than 1 in 4 patients with ASCVD achieve an LDL-C goal of less than 70 mg/dL and only 10% of very high risk ASCVD patients achieve the goal below 55 mg/dL. In addition to the 30 million under-treated U.S. adults, there are 10 million patients diagnosed with elevated LDL-C who are not taking any LLTs including statins. Beyond LDL-C, additional factors are at play, such as lifestyle choices, tobacco use, and obesity, as well as inflammation, thrombosis, triglyceride levels, elevated Lp(a) levels, and type 2 diabetes.

About NewAmsterdam

NewAmsterdam Pharma (Nasdaq: NAMS) is a late-stage biopharmaceutical company whose mission is to improve patient care in populations with metabolic diseases where currently approved therapies have not been adequate or well tolerated. We seek to fill a significant unmet need for a safe, well-tolerated and convenient therapy that lowers LDL-C while advancing innovation beyond a single marker to better address cardiovascular risk. In multiple phase 3 trials, NewAmsterdam is investigating obicetrapib, an oral, low-dose and once-daily CETP inhibitor, alone or as a fixed-dose combination with ezetimibe, as LDL-C lowering therapies to be used as an adjunct to statin therapy for patients at risk of CVD with elevated LDL-C, for whom existing therapies are not sufficiently effective or well tolerated.

About Menarini Group
The Menarini Group, with headquarters in Florence, is present in 140 countries worldwide to date, with $5.5 billion in consolidated turnover and more than 17,000 employees. Menarini’s products are present in the most important treatment areas, including those of cardiometabolic, oncology, gastroenterology, diabetology, pneumology, and anti-inflammatory/analgesic products. Through its commitment in R&D and high quality manufacturing activities, Menarini continuously contributes to patients’ health worldwide, maintaining the highest quality standards.

Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and are subject to the “safe harbor” provisions created thereunder. All statements that are not historical facts are hereby identified as forwarding-looking statements for this purposes and include, among others, statements relating to: the therapeutic potential of the Company’s product candidates; the Company’s expectations surrounding potential regulatory progress or approvals and timing thereof for any of its product candidates, including a potential marketing authorization in the European Union; the timing of review and final decision by the EC with respect to marketing authorization of obicetrapib 10 mg monotherapy and 10 mg obicetrapib plus 10 mg ezetimibe FDC for patients with primary hypercholesterolemia, both HeFH and non-familial or mixed dyslipidemia; the Company’s licensing agreement with Menarini and entitlement to potential future payments thereunder; and other statements regarding the Company's future operations, prospects, objectives, strategies and other future events. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. These forward-looking statements are based upon management’s current expectations and assumptions. Actual results or events could differ materially and adversely from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various risks, uncertainties and other factors, including, among others: uncertainties regarding whether the outcomes of the Company’s clinical trials will be adequate to support regulatory review and approval of its product candidates; the risk that the EC may not grant marketing authorization for obicetrapib 10 mg monotherapy or 10 mg obicetrapib plus 10 mg ezetimibe FDC for patients with primary hypercholesterolemia, both HeFH and non-familial or mixed dyslipidemia; whether projections regarding clinical outcomes will reflect actual results in clinical use of the Company’s product candidates; the potential for varying interpretation of the results of clinical trials and analyses; risks related to the Company’s ability to achieve its business plans, objectives and milestones, including approval of the Company’s product candidates and potential commercialization; challenges inherent to the launch of new drug products, if approved; risks related to the Company’s reliance on third parties; and other important factors, any of which could cause the Company’s actual results to differ from those contained in the forward-looking statements, that are described in greater detail in the sections entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 18, 2026 and in its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026, as well as in other filings the Company may make with the SEC in the future, which are available at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date of this press release, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether because of new information, future events, changed circumstances or otherwise, except as otherwise required by law.

BROADWAY (NCT05142722)
BROOKLYN (NCT05425745)
PREVAIL (NCT05202509)
REMBRANDT (NCT06305559)
RUBENS (NCT07219602)
TANDEM (NCT06005597)

Company Contact
Matthew Philippe
P: 1-917-882-7512
matthew.philippe@newamsterdampharma.com

Media Contact
Real Chemistry on behalf of NewAmsterdam
Christian Edgington
P: 1-513-310-6410
cedgington@realchemistry.com

Investor Contact
Precision AQ on behalf of NewAmsterdam
Austin Murtagh
P: 1-212-698-8696
austin.murtagh@precisionaq.com


FAQ

What did the CHMP decide about Ubeslo and Evlarco for NewAmsterdam Pharma (NAMS) in July 2026?

The CHMP issued a positive opinion recommending EU marketing authorization for Ubeslo and Evlarco. According to NewAmsterdam, this covers obicetrapib monotherapy and an obicetrapib/ezetimibe fixed-dose combination for primary hypercholesterolemia, including HeFH, and mixed dyslipidemia, pending a final European Commission decision.

When is the European Commission decision expected on Ubeslo and Evlarco for NewAmsterdam Pharma (NAMS)?

The European Commission decision is expected in the second half of 2026. According to NewAmsterdam, the EC will review the CHMP’s positive opinion and can grant centralized marketing authorization applicable across all EU member states as well as Iceland, Liechtenstein and Norway.

How effective is obicetrapib in lowering LDL-C in NewAmsterdam Pharma (NAMS) Phase 3 trials?

Obicetrapib showed statistically significant LDL-C reductions in multiple Phase 3 trials. According to NewAmsterdam, monotherapy achieved up to about 40% LDL-C reduction versus placebo, while the combination with ezetimibe achieved approximately 50% reduction, with a tolerability profile comparable to placebo in these studies.

What are the financial terms of NewAmsterdam Pharma’s (NAMS) obicetrapib deal with Menarini in Europe?

Menarini holds exclusive commercialization rights for obicetrapib in Europe under a licensing agreement. According to NewAmsterdam, the company is entitled to tiered double-digit percentage royalties on net sales and up to an additional €833 million tied to clinical, regulatory and commercial milestones.

Which patient populations could Ubeslo and Evlarco target if approved for NewAmsterdam Pharma (NAMS)?

The therapies are intended for adults with primary hypercholesterolemia and mixed dyslipidemia. According to NewAmsterdam, the indication includes heterozygous familial (HeFH) and non-familial cases, focusing on patients who have not reached LDL-C goals on existing lipid-lowering therapies.

What ongoing Phase 3 trials support obicetrapib’s long-term development for NewAmsterdam Pharma (NAMS)?

NewAmsterdam is running several Phase 3 studies, including the PREVAIL cardiovascular outcomes trial. According to NewAmsterdam, PREVAIL began in March 2022, completed enrollment in April 2024, randomized over 9,500 patients, and is designed to evaluate obicetrapib’s effect on major adverse cardiovascular events.

How does the CHMP opinion impact Menarini’s commercialization plans for obicetrapib in Europe?

The positive CHMP opinion is an important regulatory milestone for Menarini’s European plans. According to NewAmsterdam, Menarini is responsible for regulatory interactions and commercialization in Europe and intends to bring oral obicetrapib-based therapies to patients, pending a favorable European Commission decision.