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Esperion target upped to $57 by UBS

June 28, 2017

UBS raised its price target on Esperion Therapeutics (NASDAQ: ESPR) to $57.00 (from $52.00) while maintaining a Buy rating, as the company announced FDA confirmation of the regulatory pathway to approval for the combination of 180 mg of bempedoic acid plus 10 mg ezetimibe.

Analyst Martin Auster highlights plan to commence a global pivotal Phase 3 bridging study during the fourth quarter of 2017 for the combination pill, with top-line results expected in 2018. According to the analyst, the fixed dose combination improves the bempedoic acid franchise.

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