Esperion Therapeutics shares are trading lower after the company and Daiichi Sankyo Europe announced a $125 million amendment to their collaboration that included a resolution to its pending litigation.
Portfolio Pulse from Benzinga Newsdesk
Esperion Therapeutics' stock is trading lower following an announcement of a $125 million amendment to its collaboration with Daiichi Sankyo Europe, which also includes a resolution to pending litigation.
January 03, 2024 | 3:54 pm
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Esperion Therapeutics' shares are down due to a significant financial amendment with Daiichi Sankyo Europe and the resolution of litigation.
The stock is trading lower, likely due to investor concerns about the financial implications of the $125 million amendment. The resolution of litigation may remove legal uncertainties, but the immediate financial impact seems to be the driving factor for the negative sentiment.
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