
Shares of Esperion Therapeutics ESPR.O rise 5.3% to $2.89
ESPR says its partner, Otsuka Pharmaceutical, received approval from Japan's health ministry to market Nexletol, a cholesterol-lowering pill, for patients with high cholesterol and familial high cholesterol
Under its deal with Otsuka, Esperion is eligible for milestone payments tied to the approval and to Japan's national price listing, as well as additional sales-based milestones
The company will also receive tiered royalties of 15% to 30% on Otsuka’s net sales in Japan
Including session's move, ESPR stock up 30.3% YTD