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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Oct. 20, 9:00 AM

Slide #4. Esperion Therapeutics, Inc. Secondary Offering

Company: Esperion Therapeutics, Inc. (NASDAQ:ESPR)
Date announced: 10/14/2014
Shares Offered: 4,250,000
Date of Pricing: 10/15/2014
Final Completed Deal Size: 637,500
Secondary Offering Details: Esperion Therapeutics, Inc. (NASDAQ:ESPR), an emerging pharmaceutical company focused on developing and commercializing first-in-class, oral low-density lipoprotein cholesterol (LDL-cholesterol) lowering therapies for the treatment of hypercholesterolemia and other cardiometabolic risk markers, today announced that it intends to offer and sell, subject to market and other conditions, $85 million of its common stock in an underwritten public offering. Esperion expects to grant the underwriters a 30-day option to purchase up to $12.8 million of additional shares of its common stock. - updated 10/15 - Esperion Therapeutics, Inc. (NASDAQ:ESPR), an emerging pharmaceutical company focused on developing and commercializing first-in-class, oral low-density lipoprotein cholesterol (LDL-cholesterol) lowering therapies for the treatment of hypercholesterolemia and other cardiometabolic risk markers, today announced the pricing of an underwritten public offering of 4,250,000 shares of its common stock, offered at a price to the public of $20.00 per share. The gross proceeds from this offering to Esperion are expected to be $85 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Esperion. Esperion has granted the underwriters a 30-day option to purchase up to an additional 637,500 shares of its common stock. The offering is expected to close on or about October 21, 2014, subject to customary closing conditions. Esperion intends to use the net proceeds from the offering, as well as its other existing capital resources, to fund the continued development of ETC-1002 through the anticipated Phase 3 development program, which will include several clinical studies; chemistry, manufacturing and controls (CMC) scale up and supplies development; regulatory compliance and the remainder for working capital and general corporate and administrative expenses.

Esperion Therapeutics a clinical stage biopharmaceutical company focused on developing and commercializing oral, low-density lipoprotein cholesterol (LDL-C) lowering therapies for the treatment of patients with hypercholesterolemia and other cardiometabolic risk markers. ETC-1002, Co.'s primary product candidate, is an orally available, once-daily small molecule designed to lower LDL-C levels and avoid the side effects associated with other LDL-C lowering therapies. ETC-1002 is being developed primarily for patients intolerant of statins with elevated levels of LDL-C. ESP41091, Co.'s second product candidate is a pre-IND compound.
Open the ESPR Page at The Online Investor »

Company Name:  Esperion Therapeutics Inc (New)
Website:  www.esperion.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding ESPR:  13
Total Market Value Held by ETFs:  $6.77M
Total Market Capitalization:  $359.00M
% of Market Cap. Held by ETFs:  1.89%
 

Open the ESPR Page at The Online Investor (in a new window) »

October 20, 2014    9:00 AM Eastern
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Strong Buy (4.00 out of 4)
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