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Fly News Breaks for March 20, 2017
ESPR
Mar 20, 2017 | 10:01 EDT
Following the company's conference call last night, Citi analyst Joel Beatty continues to believe Esperion Therapeutics' bempedoic acid could be approved by FDA based on LDL lowering as a surrogate endpoint. The company will likely need to raise capital before a potential FDA approval, however, Beatty tells investors in a research note. Further, the FDA is unlikely to provide clarity on LDL as a surrogate ahead of a filing in early 2019, the analyst adds. He keeps a Buy rating on Esperion with a $39 price target. The stock in early trading is up 55%, or $13.03, to $36.70.
News For ESPR From the Last 2 Days
ESPR
May 22, 2017 | 08:16 EDT
Esperion Therapeutics provided an update to its shareholders regarding recent trading activity in the company's common stock. On Thursday, May 18, 2017 a report on Esperion and bempedoic acid containing inaccurate information was issued. Esperion believes the report was intended to discredit the company and its oral LDL-C lowering therapies in Phase 3 clinical development. Esperion generally does not respond to blog posts, sales commentary, investor reports or analyst communications. However, in this case, Esperion is providing an update and issued a blog post given the report's various misinterpretations and misstatements of facts regarding bempedoic acid and its efficacy results, safety and tolerability profile and the design of the cardiovascular outcomes trial. Esperion wishes to assure its shareholders, collaboration partners, and colleagues that Esperion remains dedicated to advancing the clinical development of bempedoic acid for patients with hypercholesterolemia who require additional LDL-C lowering and for their treating physicians, and to generating significant long-term value for its shareholders.
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