Blue Jet Healthcare - Esperion Receives Nod For Bempedoic Acid Label Expansion; Positive: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Esperion has recently received U.S. Food and Drug Administration approval for label expansion for its bempedoic acid and it includes indications for primary hyperlipidemia, alone or in combination with a statin, and is the only LDL-C lowering non-statin drug indicated for primary prevention patients. Blue Jet Healthcare Ltd. expects label expansion to increase treatable population to 70 million patient from 10 million currently. It expects acceleration from Q2 CY24. BlueJet has a multi-year contract to supply n2 intermediate for producing bempedoic acid; therefore, the company may also benefit from acceleration in adoption of the medication. We have assumed revenue of Rs 2 billion from intermediate in FY26E while it has created capacity with peak revenue of Rs 5 billion. We maintain our estimates and target price of Rs 450 (26 times FY26E earnings per share). Maintain Buy..Risks High concentration of one key product and one key customer. Any unfavorable development can materially harm prospects for BlueJet. Two out of three new products of BlueJet have exposure to new chemical entity where market development for these products is critical for sale of intermediates for Blue Jet..Click on the attachment to read the full report:.Indian Home Textile Sector - Taking ‘Home’ To The World: Systematix Initiates Coverage On The Sector.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Blue Jet Healthcare - Esperion Receives Nod For Bempedoic Acid Label Expansion; Positive: ICICI Securities

Esperion can reach a treatable population of 70 million patients in the US

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Blue Jet Healthcare - Esperion Receives Nod For Bempedoic Acid Label Expansion; Positive: ICICI Securities

Esperion can reach a treatable population of 70 million patients in the US

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