Esperion submits NDSs for NEXLETOL and NEXLIZET to Health Canada, targeting LDL-C reduction and cardiovascular risk.
Quiver AI Summary
Esperion has filed New Drug Submissions for its oral non-statin medications, NEXLETOL and NEXLIZET, to Health Canada, aiming to provide treatments that lower low-density lipoprotein cholesterol (LDL-C) and reduce cardiovascular risk. CEO Sheldon Koenig emphasized the importance of these submissions for addressing heart disease, which is the leading cause of death globally and second in Canada. The medications are intended for adults who cannot tolerate statins and are indicated for reducing the risk of heart-related events in individuals with established cardiovascular disease or those at high risk. However, both drugs come with warnings regarding potential side effects, including hypersensitivity reactions and the risk of tendon rupture. Esperion aims to improve health outcomes for patients with high cholesterol through these innovative treatments.
Potential Positives
- Esperion has filed New Drug Submissions (NDSs) for its LDL-C lowering medications, NEXLETOL and NEXLIZET, potentially expanding its market presence in Canada.
- The introduction of these medications addresses a significant public health issue, as heart disease is the leading cause of death globally and affects millions of Canadians.
- The press release highlights Esperion's commitment to providing accessible treatments for patients who are unable to take statin therapy, addressing an unmet medical need.
- The statements made by the President and CEO reflect confidence in the company's products, which could positively influence investor perception and stakeholder confidence.
Potential Negatives
- The press release highlights serious safety concerns regarding NEXLETOL and NEXLIZET, including risks of hypersensitivity reactions, hyperuricemia potentially leading to gout, and tendon ruptures, which may deter healthcare providers from prescribing these medications.
- There are multiple adverse reactions reported in clinical trials for NEXLETOL and NEXLIZET, some of which may impact patient adherence and overall perception of these treatments in the market.
- The caution regarding usage during pregnancy and breastfeeding may limit the potential patient base for these drugs, potentially affecting market competitiveness.
FAQ
What are NEXLETOL and NEXLIZET?
NEXLETOL and NEXLIZET are once-daily oral non-statin medications designed to reduce LDL cholesterol and cardiovascular risk.
Who can benefit from NEXLETOL and NEXLIZET?
These medications are indicated for adults who cannot take statins or have established cardiovascular disease or are at high risk for it.
What are the most common side effects of these medications?
Common side effects include upper respiratory tract infections, muscle spasms, hyperuricemia, abdominal pain, and elevated liver enzymes.
How do NEXLETOL and NEXLIZET work?
These medications lower LDL cholesterol levels to reduce the risk of heart-related events like myocardial infarction and coronary revascularization.
Is monitoring required while on NEXLETOL and NEXLIZET?
Yes, periodic assessment of uric acid levels is necessary, and patients should be monitored for signs of hypersensitivity and tendon injury.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ESPR Insider Trading Activity
$ESPR insiders have traded $ESPR stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $ESPR stock by insiders over the last 6 months:
- ERIC WARREN (Chief Commercial Officer) has traded it 6 times. They made 0 purchases and 6 sales, selling 5,771 shares.
- SHELDON L. KOENIG (President and CEO) sold 14,550 shares.
- JOANNE M. FOODY (Chief Medical Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 4,202 shares.
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$ESPR Hedge Fund Activity
We have seen 80 institutional investors add shares of $ESPR stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ORBIMED ADVISORS LLC removed 13,708,731 shares (-100.0%) from their portfolio in Q2 2024
- WASATCH ADVISORS LP added 6,483,070 shares (+38.4%) to their portfolio in Q3 2024
- GREAT POINT PARTNERS LLC removed 5,791,594 shares (-100.0%) from their portfolio in Q3 2024
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Full Release
ANN ARBOR, Mich., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that it has filed New Drug Submissions (NDSs) to Health Canada for NEXLETOL and NEXLIZET, once-daily, accessible, oral non-statin medications that reduce low-density lipoprotein cholesterol (LDL-C) and cardiovascular risk.
"These submissions mark another pivotal milestone towards bringing our potentially lifesaving medications to the millions of patients around the world who need it,” said Sheldon Koenig, President and CEO of Experion. “Heart disease remains the number one cause of death globally, so we look forward to the opportunity to provide NEXLETOL and NEXLIZET as LDL cholesterol lowering and cardiovascular risk reduction treatment options for healthcare providers and patients in Canada."
According to the Public Health Agency of Canada (PHAC), heart disease is the second leading cause of death in Canada. Data from the Canadian Chronic Disease Surveillance System (CCDSS) from 2017-2018 showed that approximately 1 in 12 (or approximately 2.6 million) Canadian adults aged 20 and over live with diagnosed heart disease and every hour, approximately 14 Canadian adults aged 20 and over with diagnosed heart disease die. 1
INDICATION
NEXLIZET and NEXLETOL are indicated:
-
The bempedoic acid component of NEXLIZET and NEXLETOL is indicated to reduce the risk of myocardial infarction and coronary revascularization in adults who are unable to take recommended statin therapy (including those not taking a statin) with:
- established cardiovascular disease (CVD), or
- at high risk for a CVD event but without established CVD.
-
As an adjunct to diet:
- NEXLIZET, alone or in combination with other LDL-C lowering therapies, to reduce LDL-C in adults with primary hyperlipidemia, including HeFH.
- NEXLETOL, in combination with other LDL-C lowering therapies, or alone when concomitant LDL-C lowering therapy is not possible, to reduce LDL-C in adults with primary hyperlipidemia, including HeFH.
IMPORTANT SAFETY INFORMATION
NEXLIZET and NEXLETOL are contraindicated in patients with a prior hypersensitivity to bempedoic acid or ezetimibe or any of the excipients. Serious hypersensitivity reactions including anaphylaxis, angioedema, rash, and urticaria have been reported.
Hyperuricemia: Bempedoic acid, a component of NEXLIZET and NEXLETOL, may increase blood uric acid levels, which may lead to gout. Hyperuricemia may occur early in treatment and persist throughout treatment, returning to baseline following discontinuation of treatment. Assess uric acid levels periodically as clinically indicated. Monitor for signs and symptoms of hyperuricemia, and initiate treatment with urate-lowering drugs as appropriate.
Tendon Rupture: Bempedoic acid, a component of NEXLIZET and NEXLETOL, is associated with an increased risk of tendon rupture or injury. Tendon rupture may occur more frequently in patients over 60 years of age, in those taking corticosteroid or fluoroquinolone drugs, in patients with renal failure, and in patients with previous tendon disorders. Discontinue NEXLIZET or NEXLETOL at the first sign of tendon rupture. Consider alternative therapy in patients who have a history of tendon disorders or tendon rupture.
The most common adverse reactions in the primary hyperlipidemia trials of bempedoic acid, a component of NEXLIZET and NEXLETOL, in ≥2% of patients and greater than placebo were upper respiratory tract infection, muscle spasms, hyperuricemia, back pain, abdominal pain or discomfort, bronchitis, pain in extremity, anemia, and elevated liver enzymes.
Adverse reactions reported in ≥2% of patients treated with ezetimibe (a component of NEXLIZET) and at an incidence greater than placebo in clinical trials were upper respiratory tract infection, diarrhea, arthralgia, sinusitis, pain in extremity, fatigue, and influenza.
In the primary hyperlipidemia trials of NEXLIZET, the most commonly reported adverse reactions (incidence ≥3% and greater than placebo) observed with NEXLIZET, but not observed in clinical trials of bempedoic acid or ezetimibe, were urinary tract infection, nasopharyngitis, and constipation.
The most common adverse reactions in the cardiovascular outcomes trial for bempedoic acid, a component of NEXLIZET and NEXLETOL, at an incidence of ≥2% and 0.5% greater than placebo were hyperuricemia, renal impairment, anemia, elevated liver enzymes, muscle spasms, gout, and cholelithiasis.
Discontinue NEXLIZET or NEXLETOL when pregnancy is recognized unless the benefits of therapy outweigh the potential risks to the fetus. Because of the potential for serious adverse reactions in a breast-fed infant, breastfeeding is not recommended during treatment with NEXLIZET or NEXLETOL.
Report pregnancies to Esperion Therapeutics, Inc. Adverse Event reporting line at 1-833-377-7633.
Please see full Prescribing Information for NEXLIZET and NEXLETOL .
Esperion Therapeutics
At Esperion, we discover, develop, and commercialize innovative medicines to help improve outcomes for patients with or at risk for cardiovascular and cardiometabolic diseases. The status quo is not meeting the health needs of millions of people with high cholesterol – that is why our team of passionate industry leaders is breaking through the barriers that prevent patients from reaching their goals. Providers are moving toward reducing LDL-cholesterol levels as low as possible, as soon as possible; we provide the next steps to help get patients there. Because when it comes to high cholesterol, getting to goal is not optional. It is our life’s work. For more information, visit esperion.com and esperionscience.com and follow us on X at twitter.com/EsperionInc.
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 marketing strategy and commercialization plans, current and planned operational expenses, future operations, commercial products, clinical development, including the timing, designs and plans for the CLEAR Outcomes study and its results, plans for potential future product candidates, financial condition and outlook, including expected cash runway, and other statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “suggest,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions. 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, the net sales, profitability, and growth of Esperion’s commercial products, clinical activities and results, supply chain, commercial development and launch plans, the outcomes and anticipated benefits of legal proceedings and settlements, 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.
Esperion Contact Information:
Investors:
Alina Venezia
[email protected]
(734) 887-3903
Media:
Tiffany Aldrich
[email protected]
(616) 443-8438
1 https://www.canada.ca/en/public-health/services/publications/diseases-conditions/heart-disease-canada.html . Accessed Nov. 19, 2024.