other material
confidence high
sentiment positive
materiality 0.85
Esperion's CLEAR Outcomes trial shows NEXLETOL reduces CV risk 13-23% in statin-intolerant patients
Esperion Therapeutics, Inc.
- NEXLETOL reduced MACE-4 by 13% (p=0.004), MACE-3 by 15% (p=0.006), heart attack by 23% (p=0.002), and coronary revascularization by 19% (p=0.001) vs placebo.
- First LDL-C lowering therapy since statins to reduce hard ischemic events in both primary and secondary prevention patients.
- Regulatory filings to FDA and EMA expected in 1H 2023; potential partner milestone payments up to $440M ($300M EU label, $140M other milestones).
- Full-year 2023 operating expenses guided at $225M-$245M, including $25M non-cash stock compensation.
- Results published in NEJM and presented at ACC.23/WCC; conference call scheduled for March 6, 2023.