Apr. 3 at 11:48 PM
$ESPR I know many here wish they had cashed out at
$4, or were expecting to see
$5 or
$6 by now after years on this roller coaster board/stock.
To be fair, management did diversify the product portfolio by acquiring an approved and already commercialized drug. Was it the right move? Idk but relying 100% on a single product is always a risk, so some diversification makes sense. Will Enbumyst be a blockbuster? It doesn’t seem likely but IMO it will contribute more to the bottom line than the Japan royalties would have.
On the financing side, was it the best decision? Again, unclear but what concerns me the most is the additional
$25 million added to the Athyrium Capital Management loan from December 2024. It carries a 9.75% interest rate and begins amortizing at 12.5% per quarter starting in Q4 2028.
We need strong US sales ASAP, Japan royalties were never going to cover Esperion’s financial gap.