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Aegerion Pharmaceuticals, Inc. (AEGR) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Aegerion Pharmaceuticals, Inc.

CIK: 1338042 Ticker: AEGR

Exhibit 99.1

 

LOGO

AEGERION PHARMACEUTICALS ANNOUNCES

FOURTH QUARTER AND FULL YEAR 2014

FINANCIAL RESULTS

- Company records $158.4 million in net product sales of JUXTAPID® in 2014, representing 226% growth over 2013 -

- Company generates $17.9 million in positive cash flow from operations in the second half of 2014 -

- 2015 total net product sales guidance maintained at between $205 and $235 million -

Cambridge, MA, February 26, 2015 -

Aegerion Pharmaceuticals, Inc. (NASDAQ: AEGR), a biopharmaceutical company dedicated to the development and commercialization of innovative therapies for patients with debilitating rare diseases, announced its financial results and business highlights for the fourth quarter and full year of 2014.

Highlights

 

    Aegerion recorded $51.7 million in net product sales of JUXTAPID® (lomitapide) capsules in the fourth quarter of 2014, representing growth of approximately 111% over the fourth quarter of 2013, and 18% growth sequentially over the third quarter of 2014. 86% of net product sales in the fourth quarter were from prescriptions written in the United States.

 

    For the full-year of 2014, Aegerion recorded $158.4 million in net product sales of JUXTAPID, representing growth of approximately 226% over 2013. 91% of net product sales in 2014 were from prescriptions written in the United States.

 

    With the objective of strengthening and diversifying the revenue base, the Company launched MYALEPT® (metreleptin) for injection in late January of 2015 after acquiring the product from AstraZeneca. As of February 20, 2015, 45 generalized lipodystrophy patients were active on commercial therapy.

 

    The Company reported total non-GAAP operating expenses, excluding stock-based compensation, of $140.8 million in 2014, in line with previously downward revised operating expense guidance of $135 million to $145 million.

 

    The Company achieved positive cash flow from operations of $9.2 million during the fourth quarter, and $17.9 million in the second half of 2014.

 

    The schedule for completion of the clinical study evaluating lomitapide in Japanese HoFH patients is on track, and the Company is planning for a Japanese NDA filing in mid-2015.


The following information was filed by Aegerion Pharmaceuticals, Inc. (AEGR) on Thursday, February 26, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accrued Liabilities
Accrued Liabilities (tables)
Accrued Liabilities - Additional Information (detail)
Accrued Liabilities - Components Of Accrued Liabilities (detail)
Basic And Diluted Net Loss Per Common Share
Basic And Diluted Net Loss Per Common Share (tables)
Basic And Diluted Net Loss Per Common Share - Anti-dilutive Securities Excluded From Computation (detail)
Capital Structure
Capital Structure - Additional Information (detail)
Cash, Cash Equivalents And Marketable Securities
Cash, Cash Equivalents And Marketable Securities - Additional Information (detail)
Cash, Cash Equivalents And Marketable Securities - Summary Of Marketable Securities (detail)
Commitments & Contingencies
Commitments & Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Schedule Of Future Minimum Rental Payments For Operating Leases (detail)
Debt Financing
Debt Financing (tables)
Debt Financing - Additional Information (detail)
Debt Financing - Schedule Of Outstanding Convertible Note Balances (detail)
Debt Financing - Schedule Of Total Interest Expense Recognized Related To Convertible Notes (detail)
Debt Financing - Summary Of Future Minimum Payments Under Convertible Notes (detail)
Debt Financing - Summary Of Future Minimum Payments Under Long-term Debt Agreements (detail)
Employee Benefit Plan
Employee Benefit Plan - Additional Information (detail)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (tables)
Fair Value Of Financial Instruments - Additional Information (detail)
Fair Value Of Financial Instruments - Fair Value Measurements Of Financial Instruments (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Deferred Tax Assets (detail)
Income Taxes - Domestic And Foreign (loss)/income Before Provision (detail)
Income Taxes - Provision For Income Taxes (detail)
Income Taxes - Summary Of Statutory Tax Rates And Effective Tax Rates (detail)
Inventories
Inventories (tables)
Inventories - Additional Information (detail)
Inventories - Components Of Inventory (detail)
Organization
Organization - Additional Information (detail)
Other Comprehensive Income / (loss) And Accumulated Other Comprehensive Items
Other Comprehensive Income / (loss) And Accumulated Other Comprehensive Items (tables)
Other Comprehensive Income/ (loss) And Accumulated Other Comprehensive Items - Summary Of Other Comprehensive Income/(loss) And Changes In Accumulated Other Comprehensive Items (detail)
Property And Equipment
Property And Equipment (tables)
Property And Equipment - Additional Information (detail)
Property And Equipment - Summary Of Property And Equipment (detail)
Related Party Transactions
Related Party Transactions - Additional Information (detail)
Restructuring
Restructuring (tables)
Restructuring - Additional Information (detail)
Restructuring - Cash Components Of Restructuring Charges (detail)
Restructuring - Summary Of Restructuring Charges (detail)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (tables)
Selected Quarterly Financial Data (unaudited) - Schedule Of Selected Quarterly Financial Data (detail)
Stock Option Plans
Stock Option Plans (tables)
Stock Option Plans - Additional Information (detail)
Stock Option Plans - Allocation Of Stock-based Compensation Expense By Type Of Award (detail)
Stock Option Plans - Allocation Of Stock-based Compensation Expense To Statements Of Operations (detail)
Stock Option Plans - Summary Of Restricted Stock Units Activity (detail)
Stock Option Plans - Summary Of Stock Option Activity (detail)
Stock Option Plans - Weighted-average Assumptions To Estimate Fair Value (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting Principles
Summary Of Significant Accounting Principles (policies)
Summary Of Significant Accounting Principles (tables)
Summary Of Significant Accounting Principles - Additional Information (detail)
Summary Of Significant Accounting Principles - Estimated Useful Lives Of The Respective Assets (detail)
Summary Of Significant Accounting Principles - Property And Equipment, Net By Location (detail)
Summary Of Significant Accounting Principles - Total Net Product Sales From External Customers By Geographic Region (detail)
Ticker: AEGR
CIK: 1338042
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-073654
Submitted to the SEC: Mon Mar 02 2015 5:19:34 PM EST
Accepted by the SEC: Mon Mar 02 2015
Period: Wednesday, December 31, 2014
Industry: Pharmaceutical Preparations

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