Esperion to Report Second Quarter 2020 Financial Results August 10, 2020

Rhea-AI Summary

Esperion (NASDAQ: ESPR) will report its second quarter 2020 financial results on August 10, 2020. Following the release, a conference call will be held at 4:30 p.m. ET to discuss the results and business progress. Esperion is focused on developing oral medications to lower LDL-C, addressing the significant health challenge posed by high cholesterol levels. Approximately 96 million adult Americans suffer from high LDL-C, with many unable to reach target levels using current therapies. The company aims to significantly impact cardiovascular health through its innovations.

Positive

• Commitment to developing new LDL-C lowering medicines targeting a large unmet need in cardiovascular health.
• Potential market for bempedoic acid and its combination tablet remains strong, addressing over 50% of ASCVD patients unable to reach LDL-C targets with current therapies.

Negative

• Risks associated with delays or failures in clinical development and commercialization plans.
• Impact of COVID-19 on business, clinical activities, and development plans could hinder progress.
• Existing cash resources may be depleted faster than anticipated.

ANN ARBOR, Mich., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced it will report second quarter 2020 financial results after the close of the U.S. financial markets on August 10, 2020. Following the release, company management will host a webcast and conference call at 4:30 p.m. ET to discuss financial results and business progress.

Esperion Therapeutics

Through scientific and clinical excellence, and a deep understanding of cholesterol biology, the experienced Lipid Management Team at Esperion is committed to developing new LDL-C lowering medicines that will make a substantial impact on reducing global cardiovascular disease, the leading cause of death around the world. For more information, please visit www.esperion.com and follow us on Twitter at www.twitter.com/EsperionInc.

Esperion Therapeutics’ Commitment to Patients with Hyperlipidemia

High levels of LDL-C can lead to a build-up of fat and cholesterol in and on artery walls (known as atherosclerosis), potentially leading to cardiovascular events, including heart attack and stroke. In the U.S., 96 million people, or more than 37 percent of the adult population, have elevated LDL-C. There are approximately 18 million people in the U.S. living with elevated levels of LDL-C despite taking maximally tolerated lipid-modifying therapy — including individuals considered statin averse — leaving them at high risk for cardiovascular events¹. In the United States, more than 50 percent of atherosclerotic cardiovascular disease (ASCVD) patients and heterozygous familial hypercholesterolemia (HeFH) patients who are not able to reach their guideline recommended LDL-C levels with statins alone need less than a 40 percent reduction to reach their LDL-C threshold goal².

Esperion's mission as the Lipid Management Company is to deliver oral, once-daily medicines that complement existing oral drugs to provide the additional LDL-C lowering that these patients need.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws, including statements regarding the clinical development and commercialization plans for bempedoic acid tablet and the bempedoic acid / ezetimibe fixed dose combination tablet, including Esperion's timing, designs, plans for announcement of results regarding its CLEAR Outcomes study, timing for the review and approval of expanded indications for their effect on cardiovascular events, and Esperion's expectations for the market for medicines to lower LDL-C, including the commercial launch and market adoption of bempedoic acid tablet and the bempedoic acid / ezetimibe fixed dose combination tablet in the United States and European Union. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause Esperion's actual results to differ significantly from those projected, including, without limitation, delays or failures in Esperion’s clinical development and commercialization plans, or approval of expanded indications, that existing cash resources may be used more quickly than anticipated, that Otsuka is able to successfully commercialize bempedoic acid and the bempedoic acid / ezetimibe fixed dose combination tablet,  the impact of COVID-19 on our business, clinical activities and commercial development plans, and the risks detailed in Esperion's filings with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Esperion disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, other than to the extent required by law.

References
(1)  Esperion market research on file: research project interviewing 350 physicians. Esperion Therapeutics, Inc. Sept-Oct 2018.
(2)  Data on file: analysis of NHANES database. Esperion Therapeutics, Inc. 2018.

Contact:
Ben Church
Esperion
734-864-6774
bchurch@esperion.com

FAQ

When will Esperion report its second quarter 2020 financial results?

Esperion will report its second quarter 2020 financial results on August 10, 2020.

What are the main products Esperion is developing?

Esperion is developing bempedoic acid and a fixed-dose combination tablet of bempedoic acid and ezetimibe to lower LDL-C.

What is the significance of the CLEAR Outcomes study for Esperion?

The CLEAR Outcomes study is critical for the clinical development and commercialization of Esperion's LDL-C lowering medications.

What percentage of Americans have elevated LDL-C levels?

Approximately 37% of the adult population in the U.S., or 96 million people, have elevated LDL-C levels.