Esperion shares surge on cholesterol drug submissions in Canada

investing.com 02/12/2024 - 18:31 PM

Esperion Therapeutics Sees Major Stock Surge

Esperion (NASDAQ:ESPR) Therapeutics experienced a significant rise of 23% on Monday, marking the largest intraday gain in nearly a year. This increase followed the company's announcement of New Drug Submissions (NDSs) to Health Canada for its cholesterol treatments, Nexletol and Nexlizet.

The company's commitment to expanding product availability in diverse markets has drawn positive recognition from industry analysts.

Joseph Pantginis, an analyst at HC Wainwright, noted that Esperion's efforts to enhance access to its cholesterol treatments in both established and emerging markets are well-positioned for substantial long-term growth.

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