litigation
confidence high
sentiment negative
materiality 0.90
Esperion sues Daiichi Sankyo Europe over $300M milestone; CLEAR Outcomes showed 27% MI reduction
Esperion Therapeutics, Inc.
- Complaint seeks declaratory judgment that $300M milestone is triggered by CLEAR Outcomes' 27% nonfatal MI risk reduction.
- DSE argues milestone only for MACE-4 composite risk reduction ≥15%; actual MACE-4 was 12.98%.
- Esperion stock fell 63% from $3.99 to $1.49 after March 15 disclosure of dispute.
- CLEAR Outcomes also showed 23% fatal+nonfatal MI and 15% stroke reduction; milestone tiers are $200M (≥15%) and $300M (≥20%).
- Esperion alleges ongoing harm and difficulty raising capital due to DSE's position.