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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