Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Aegerion Pharmaceuticals, Inc. (AEGR - Snapshot Report) recently obtained regulatory approval in the EU for Lojuxta. Lojuxta gained approval for use as an adjunct to a low-fat diet and other lipid-lowering medicines with or without low density lipoprotein (LDL) apheresis in adults with homozygous familial hypercholesterolemia (HoFH).

Approval was in line with expectations as, in May 2013, Aegerion had received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) for Lojuxta.

We note that Lojuxta is already available in the U.S. under the trade name Juxtapid. Juxtapid, the company’s only marketed product, was launched in the U.S. in Jan 2013.

We are encouraged by Juxtapid’s performance. Net product sales for the second quarter were $6.5 million. Currently, there are 215 patients under Juxtapid therapy as compared to 75 patients in the last quarter. As per estimates provided by Aegerion, there are at least 3,000 potential patients for Juxtapid in the U.S. We expect investor focus to remain on the sales ramp up of the drug.

Aegerion is looking to increase its global foothold. It has completed or is in the process of filing regulatory applications in Taiwan, Mexico, Argentina, Canada, Brazil and Israel.

Furthermore, the company has received orphan drug status for Lojuxta in Japan from The Pharmaceuticals and Medical Devices Agency (PMDA). Aegerion expects to file a New Drug Application (NDA) in the first half of 2015 in Japan.

Currently, companies like Regeneron Pharmaceuticals, Inc. (REGN - Analyst Report) and Alnylam Pharmaceuticals, Inc. (ALNY - Analyst Report) are also looking to enter the hypercholesterolemia market.

Aegerion carries a Zacks Rank #2 (Buy). Biopharmaceutical companies like Actelion Ltd. (ALIOF) look better positioned with a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%