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Esperion Therapeutics to price $85 million public sale of its shares
Bookrunners JPMorgan and BofA Merrill Lynch will assist with sale
By Devika Patel
Knoxville, Tenn., Oct. 14 – Esperion Therapeutics, Inc. will price an $85 million public offering of common stock with a $12.75 million greenshoe, according to a preliminary prospectus supplement filed Tuesday with the Securities and Exchange Commission.
J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint bookrunning managers.
Proceeds will be used for development, clinical studies, working capital and general corporate and administrative expenses.
The clinical-stage biopharmaceutical company is based in Plymouth, Mich.
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