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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100