Esperion Therapeutics stock slumps 22% premarket as data from study of cholestrol-lowering drug fail to impress investors
The stock of Esperion Therapeutics Inc.
slumped 22% in premarket trade Monday, as investors seemed to question whether data from a major study of its cholesterol-lowering drug Nexletol showing it reduced the risk of heart attacks and some other cardiovascular problems in people who can’t tolerate statins would be enough to boost sales. Nexletol was granted approval by the U.S. Food and Drug Administration in February of 2020, but sales have been less than stellar. The company posted $18.
slumped 22% in premarket trade Monday, as investors seemed to question whether data from a major study of its cholesterol-lowering drug Nexletol showing it reduced the risk of heart attacks and some other cardiovascular problems in people who can’t tolerate statins would be enough to boost sales. Nexletol was granted approval by the U.S. Food and Drug Administration in February of 2020, but sales have been less than stellar. The company posted $18.
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