Back to top

Analyst Blog

Aegerion Pharmaceuticals, Inc. (AEGR - Analyst Report) recently announced its intention to raise funds through the issuance of its common stock in an underwritten public offering.

The funds raised through this offering should come in handy for the commercialization of Aegerion’s recently approved Juxtapid. Juxtapid, which gained US Food and Drug Administration (FDA) approval in Dec 2012, has been approved for the treatment of patients suffering from homozygous familial hypercholesterolemia (HoFH) as an adjunct to a low-fat diet and other lipid-lowering therapies.

As part of its post-marketing requirements, the company is required to conduct a juvenile toxicology study in rodents. The study will provide information on the impact of Juxtapid on growth and development. This study needs to be conducted before the company can initiate a study in pediatric patients, potentially in 2014.

Cash and cash equivalents at the end of 2012 was roughly $78 million to $83 million.

Neutral on Aegerion

We are encouraged with the US approval of Juxtapid. The company recently provided guidance for 2013. For 2013, Aegerion expects to generate revenue between $15 million to $25 million assuming 250 to 300 patients are on Juxtapid therapy by the end of the year.

Once Juxtapid is approved in the EU, the company expects to achieve an annualized worldwide net revenues run rate of $100 million eighteen months after EU approval. The company also expects to achieve cash flow breakeven from operations eighteen months after EU approval.

However, we note that Isis Pharmaceuticals Inc. (ISIS - Analyst Report) is also looking to enter the market with its HoFH candidate, Kynamro, which is currently under review in the US.

We currently have a Neutral recommendation on Aegerion. The stock carries a Zacks Rank #4 (Sell). Right now, Cambrex Corporation (CBM - Snapshot Report) looks attractive with a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

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 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
SIGNET JEWE… SIG 114.71 +6.18%
US SILICA H… SLCA 70.00 +2.94%
PLANAR SYST… PLNR 5.08 +2.83%
MALLINCKROD… MNK 80.32 +2.59%
LANNETT COM… LCI 40.07 +1.91%