Esperion Therapeutics Files Initial Public Offering For $150 Million

Esperion Therapeutics Files Initial Public Offering For $150 Million

ANN ARBOR — The cholesterol-fighting drug developer Esperion Therapeutics Tuesday announced an initial public offering of $150 million of its common stock. Esperion also expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of its common stock.

The company said it would use the net proceeds of the offering to continue the research into its novel cholesterol-fighting drugs. Esperion’s research involves new drugs that allow for lower doses of today’s statin drugs, since statins can cause side effects such as muscle pain and weakness, while still cutting artery-clogging cholesterol.

The securities described may be offered by Esperion pursuant to a shelf registration statement on Form S-3 including a base prospectus. A preliminary prospectus supplement related to the offering and a final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.

By |2017-08-08T22:12:44+00:00August 8th, 2017|Entrepreneur, Entrepreneurs, Life Sciences|

About the Author:

Matt Roush, a former business and technology journalist for such publications as the Traverse City Record Eagle, Crain's Detroit Business and WWJ News Radio's GLTR, is now the director of communications at Lawrence Technological University. He also is editor of the Engineering Society of Detroit's Technology Century website, plus a co-host of M2 TechCast on the PodcastDetroit Network.

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