The following is a summary of the Esperion Therapeutics, Inc. (ESPR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Esperion Therapeutics reported a record Q1 2024 revenue of $137.7 million, thanks to a $100 million litigation-related settlement from DSE.

• US net revenue increased by 46% YoY to $24.8 million, powered by a 43% increase in retail prescription equivalents.

• The company closed Q1 with $226.6 million in cash and cash equivalents.

Business Progress:

• The company received FDA approval for broader labels for NEXLETOL and NEXLIZET in Q1, increasing their potential market to over 70 million patients in the U.S.

• Esperion expects a positive decision from the European Commission on their European cardiovascular risk reduction label submissions by the end of Q2 2024.

• A partnership with DSE for European tablet production is underway and should be complete by the second half of next year.

• New commercial initiatives, such as the 'lipid lurkers' consumer campaign and promotional digital tools, have been launched and positively received.

• Esperion intends to maintain their commercial plan and provide regular progress updates.

More details: Esperion Therapeutics IR

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