Esperion Receives $90 Million Payment as Otsuka Launches NEXLETOL in Japan
Reuters
Nov 21
Esperion Receives $90 Million Payment as Otsuka Launches NEXLETOL in Japan
Esperion Therapeutics Inc. announced that its partner, Otsuka Pharmaceutical Co., Ltd., has received National Health Insurance Price Listing and launched NEXLETOL (bempedoic acid) tablets in Japan for the treatment of hypercholesterolemia and familial hypercholesterolemia. Under the terms of the collaboration and license agreement, Esperion will receive a $90 million near-term payment as a result of recent product and pricing approvals. Additionally, Esperion is eligible for further sales milestone payments and tiered royalties ranging from fifteen to thirty percent on net sales in Japan.
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