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Aegerion Pharmaceuticals, Inc. (AEGR) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2015

Aegerion Pharmaceuticals, Inc.

CIK: 1338042 Ticker: AEGR

Exhibit 99.1

 

Picture 1

AEGERION PHARMACEUTICALS ANNOUNCES

THIRD QUARTER 2015 FINANCIAL RESULTS

 

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Company records $67.3 million in total net product sales -

 

Cambridge, MA, November 9, 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 third quarter of 2015.

 

Highlights 

 

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Aegerion recorded total net product sales of $67.3 million in the third quarter of 2015.

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Aegerion recorded $58.8 million in net product sales of JUXTAPID® (lomitapide) capsules in the third quarter of 2015, $49.6 million of which was from prescriptions written in the United States.

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Aegerion recorded $8.5 million in net product sales of MYALEPT® (metreleptin for injection) in the third quarter of 2015, which includes a $700,000 sale of inventory to Shionogi for distribution in Japan, South Korea and Taiwan. As of October 30, 2015, 78 generalized lipodystrophy (GL) patients were active on commercial therapy, an increase of 10 patients from July 31, 2015.

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Aegerion generated $14.7 million of cash in the third quarter of 2015.

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Aegerion obtained pricing and reimbursement approval for LOJUXTA® (lomitapide) in the Netherlands through the Dutch Ministry of Health.

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Aegerion is on track with its plan to file a Japanese NDA for lomitapide in adult HoFH patients in early 2016. Aegerion anticipates a nine month review period as a result of lomitapide’s orphan drug status.

 

Chief Executive Officer Sandford D. Smith commented, “In the third quarter, we executed well on a number of Aegerion’s key strategic objectives by maintaining a strong focus on our current commercial products and progressing towards broader market access for LOJUXTA in Europe. We are managing JUXTAPID through volatile market dynamics associated with the introduction of PCSK9 inhibitors. In addition, we continue to identify generalized lipodystrophy patients and bring them on to MYALEPT. We view MYALEPT as an important and steady growth driver.

“We made progress towards supporting the long-term growth of Aegerion through a strategic plan that prioritizes Aegerion’s life cycle management and business development initiatives. Deepening Aegerion’s pipeline with opportunities for both MYALEPT and JUXTAPID, as well as potential new assets, remains an important objective. We expect that these efforts, combined with our ongoing expansion into both European and other international markets, will support meaningful future growth.”

 


The following information was filed by Aegerion Pharmaceuticals, Inc. (AEGR) on Monday, November 9, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (tables)
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)
Business Acquisitions
Business Acquisitions (tables)
Business Acquisitions - Additional Information (detail)
Business Acquisitions - Pro Forma Impact Of Acquisition (detail)
Business Acquisitions - Summary Of Estimated Fair Values Of Net Assets Acquired (detail)
Business Acquisitions - Summary Of Preliminary Fair Values Assigned To Assets Acquired And Amortization Period Assigned (detail)
Capital Structure
Capital Structure - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies (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)
Description Of Business And Significant Accounting Policies
Description Of Business And Significant Accounting Policies (policies)
Description Of Business And Significant Accounting Policies - Additional Information (detail)
Description Of Business And Significant Accounting Policies - Restricted Cash (details)
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 - Additional Information (detail)
Inventories
Inventories (tables)
Inventories - Components Of Inventory (detail)
Other Comprehensive Income (loss)
Other Comprehensive Income (loss) (tables)
Other Comprehensive Income (loss) - Additional Information (detail)
Other Comprehensive Income (loss) - Summary Of Other Comprehensive Income (loss) (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Allocation Of Stock-based Compensation Expense By Type Of Award (detail)
Stock-based Compensation - Allocation Of Stock-based Compensation Expense To Statements Of Operations (detail)
Stock-based Compensation - Summary Of Restricted Stock Units Activity (detail)
Stock-based Compensation - Summary Of Stock Option Activity (detail)
Stock-based Compensation - Weighted-average Assumptions To Estimate Fair Value (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Ticker: AEGR
CIK: 1338042
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-15-002514
Submitted to the SEC: Mon Nov 09 2015 4:15:11 PM EST
Accepted by the SEC: Mon Nov 09 2015
Period: Wednesday, September 30, 2015
Industry: Pharmaceutical Preparations

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