Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Esperion's Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. Following the presentation, there will be a question-and-answer session. Please be advised that today's conference call may be recorded. I would now like to hand the conference over to Alexis Callahan, Head of Investor Relations. Please go ahead. Thank you, operator. Good morning and welcome to Esperion's Fourth Quarter and Full Year 2023 Earnings Conference Call. With us today are Sheldon Koenig, President and CEO, and Ben Halladay, CFO. Other members of the executive team will be available for Q&A following our prepared remarks. We issued a press release earlier this morning detailing the content of today's call. A copy can be found on the investor page of our website, together with a copy of the presentation that we will also be referencing. I want to remind callers that the information discussed on the call today is covered under the Safe Harbor provisions of the Private Securities Litigation Reform Act. I caution listeners that management will be making forward-looking statements. Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties associated with the business. These forward-looking statements are qualified in their entirety by the cautionary statements contained in today's press release and in our SEC filings. The content of this conference call contains time-sensitive information that is accurate only as of the date of this live broadcast, February 27th, 2024. We undertake no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this conference call and webcast. As a reminder, this conference call and webcast are being recorded and archived. We will begin the call with prepared remarks and then open the line for your questions. I'll now turn the call over to Sheldon Koenig, President and Chief Executive Officer. Thank you, Alexis, and good morning, everyone. Thank you for joining us today to discuss our Fourth Quarter and Full Year results and the significant progress we continue to make. We are pleased to report another strong quarter as well as key material events in January that we believe put our company on solid footing and further position us for continued long-term success. Starting with our quarterly performance, total revenue was $32.3 million, which represents a 72% increase year-over-year. U.S. net revenue came in at $20.8 million, which represents a 39% increase year-over-year, driven by a 44% year-over-year increase in retail prescription equivalents. We believe the continued growth seen in both the U.S. and in our global territories is a testament to the strength of our clinical data, the unmet need in the market, and our teams' and partners' abilities to execute. Listed here are several recent accomplishments worth calling out. We delivered another strong quarter that positions us for continued success in the long term and significantly transforms our capital position and investment profile. Prescription growth continued at a strong pace, and we're proud of the momentum that we sustained through the end of the year. Additionally, we resolved our pending litigation with DSE and expanded our partnership on mutually beneficial terms. We further strengthened our balance sheet with additional capital, emphasizing our strong cash position and bringing in several new long-term biotech investors. Our label expansion approvals remain on track in both the U.S. and Europe. We published additional important data from our CLEAR Outcomes trial, and we remain focused on preparation for our new label, expanding our commercial organization to ensure we're ready to fully capitalize on the opportunity when we receive approval next month. On January 3rd, we announced the settlement agreement and an amendment to our collaboration with Daiichi Sankyo Europe, which marked the resolution of our pending litigation. Our settlement was mutually beneficial and reflects both parties' commitment to our ongoing partnership to deliver our medications to patients worldwide and address global unmet need. Importantly, we believe the closure of this matter significantly strengthens our investment profile, reduces costs associated with the litigation, and is an excellent outcome for both parties. It provides for significant near-term cash payments, inventory and gross margin savings, and potentially extends our European product lifecycle while generating additional potential royalty streams in the DS territories. The net result of all components of our agreement provides both near and long-term value and allows us to continue focusing on running our business. Combining our year-end cash balance with the $100 million settlement payment received in January and proceeds from our recent offering, we significantly strengthen our liquidity position, which enables us to invest in initiatives that support the long-term success of Esperion. With the litigation now resolved and the infusion of additional cash, we are poised for significant growth in 2024. Now let me turn to our upcoming label expansion, which we anticipate will include a new broad cardiovascular risk reduction indication, expand access to the primary prevention patient population, or those at risk of an event, not just those who have already had one, and remove the statin use requirement. These are significant changes to our current label, supported by our robust CLEAR Outcomes data, and are expected to drive substantial future growth. I'm pleased to share that reviews of our pending applications with the FDA and EMA are progressing extremely well, and these positive discussions remain in line with our strategic goals. We are on track with an FDA PDUFA date of March 31st with an expected decision by the EMA on our European label, likely coming in the second quarter. Based on our existing label and narrow indication, our current addressable market is around 10 million patients in the U.S. Upon approval of our new anticipated label, our models predict an opportunity that triples to around 30 million patients. That figure, however, does not include an additional 40 million untreated individuals who are at high risk and who are still not at their LDL cholesterol goal. We see vast potential for our products to help millions more patients in the future, reiterating our eagerness for the FDA's anticipated approval. Today, I'd like to outline the five core pillars that will ensure our lifesaving products, NEXLETOL, and NEXLIZET, reach the appropriate patients. One, our expanded label. Our anticipated new label will reflect CLEAR Outcomes data and will also create a differentiated and expanded indication that includes high-risk primary prevention patients. Two, all new promotion. Current promotional resources for NEXLETOL and NEXLIZET are focused on LDL cholesterol reduction in patients with ASCVD, on maximum tolerated statins, and still not at their LDL cholesterol goal. Based on the anticipated new label, the team has prepared a powerful suite of promotional tools that will communicate the CLEAR Outcomes data across the expected new and expanded patient population. Extensive market research has been conducted to ensure the right sequence of data will be communicated at the right time. Three, deeper reach. I'm proud to announce that we've completed our Salesforce expansion and have recently deployed 60 new territory managers into the field, bringing our team up to 150 representatives. These motivated individuals, together with improved digital resources, will allow us to expand our depth and breadth to reach a target universe of 45,000 healthcare providers comprised of both primary care providers and specialists. Four, patient activation. We've created a bold new consumer campaign to drive awareness and ensure appropriate patients have discussions with their healthcare providers about Nexletol and Nexlizet. And five, payer access and reimbursement. Finally, we continue to align payers' utilization management criteria with our anticipated label to include primary prevention and primary hyperlipidemia, while at the same time enhancing our patient service programs to support both patients and healthcare providers alike. We're also pleased to announce that ICER, the Institute for Clinical and Economic Review, just determined NEXLIZET as a cost-effective therapy, which adds support for its value proposition to payers. We believe our recent achievements and changes we've implemented set us up for long-term sustained growth. Shown here are a series of important commercial, clinical, regulatory, and financial milestones that we expect to be achieved along the way. You'll see that this steady stream of catalysts begins to form a roadmap for long-term value growth. We've already expanded our sales force and anticipate label expansions in both the U.S. and Europe. With expected new global labels, we anticipate guidelines to be updated. In addition, we expect to file INDs or investigational new drug applications for our next-generation ACLY inhibitors to lay the groundwork for growing our product pipeline beyond bempedoic acid. Furthermore, our partners will continue launching our products in even more new territories on a regular cadence, creating additional revenue streams and bolstering our growing global franchise. Longer term, the optimization of our balance sheet and partnership-related cost savings should enable us to continue to enhance our capital position over time. We also see meaningful revenue contribution stemming from the potential for a triple combination therapy in Europe, additional milestone payments from our network of partners, additional ex-U.S. opportunities, and continued growth stemming from further advancement of our preclinical pipeline. On that note, I'm excited to announce our intent to hold an R&D day later this year to review our pipeline of next-gen ACLY inhibitors in more depth. With that, I will now hand it over to Ben Halladay, our Chief Financial Officer, for a more detailed review of our fourth quarter performance. Thank you, Sheldon. Earlier this morning, we issued a press release containing our financial results for the fourth quarter, which is available on the investor page of our website. Please note that unless otherwise specified, my comments reflect results for the fourth quarter ended December 31st, 2023. As Sheldon already mentioned, we posted strong fourth quarter results and ended the year with continued momentum, including in new-to-brand prescriptions. We ended the year on a strong note, which really emphasizes the point that outcomes data matters. And we're excited for that data to be incorporated into our new label next month and for what it means for patient access and our ability to actively promote the data for the first time. We again delivered another quarter of continued growth in retail prescription equivalents, which increased 44% year-over-year and 8% quarter-over-quarter and was accomplished even with our current label and promotional footprint before recently ramping up our in-house sales force. The weekly RPE trend also reflects this momentum and touched the 12,000 RPE mark late in the fourth quarter, a new weekly high. Turning to growth outside the U.S. Our partner DSE again delivered another strong quarter of sales growth in its territories, underscoring the value our approved medicines are bringing to the patients globally. At the end of November, approximately 202,000 patients have now been treated with our therapies in Europe, representing sequential three-month growth of 28% since August. I will note that most of this growth has been generated from existing territories. That said, DSE commercially launched in three new territories during the fourth quarter: the Netherlands, Slovakia, and Spain, and gained approval in Czech Republic as well. In addition, Daiichi Sankyo launched in Hong Kong during the fourth quarter, marking the first country in the Asia region to launch. Turning to our full financial results for the quarter. We reported U.S. net product revenue of $20.8 million, representing an increase of 39% year-over-year. Collaboration revenue, which includes combined royalty and partner revenue, was $11.5 million, an increase of 195% year-over-year. Finally, total revenue for the fourth quarter was $32.3 million, an increase of 72% year-over-year. Turning to expenses. Cost of goods sold for the fourth quarter was $11.5 million, an increase of 174% year-over-year, driven primarily by higher tablet shipments to our partners to support new country launches. R&D expense was $17.7 million, a decrease of 46% year-over-year, reflecting substantially lower costs following the closeout of our CLEAR Outcomes trial. SG&A expense was $45.4 million, an increase of 88% year-over-year, reflecting higher legal and promotional costs as well as higher headcount as we began to ramp up our in-house sales force. Of note, we incurred $13.1 million in one-time legal expenses related to our litigation resolution with DSE that are non-recurring in nature. Finally, cash equivalents and investment securities available for sale totaled $82.2 million as of December 31st, 2023, compared with $166.9 million on December 31st, 2022, although that figure does not include the settlement-related cash payment received in January nor the proceeds from our recent public offering. Today, we are also reiterating the 2024 expense guidance we put forth last month. For the full year 2024, we expect R&D expense to be between $45 million-$55 million, SG&A expense to be between $180 million-$190 million, and total OpEx to be between $225 million-$245 million. I'll note that total operating expenses are expected to come in the same level as last year. We've just shifted dollars from our R&D budget to the SG&A budget to reflect the closeout of the CLEAR Outcomes and ramping up the commercial activities to support our new and expanded label. While we have materially strengthened our balance sheet in recent weeks, we remain disciplined when it comes to expense allocation, ensuring investments we make, including those to support our commercial launch, are generating sufficient returns. With that, let me now hand it back over to you, Sheldon. Thank you, Ben. I'd like to close by reiterating that we continue to deliver on our commitments and execute on our strategic plan to achieve blockbuster status. Sales are continuing to accelerate following publication of our CLEAR Outcomes data last year, and we anticipate a true inflection to occur after we receive approval of our new and expanded labels in the U.S. and Europe later this year. Our strategic plan also consists of an expansion of our product pipeline as we further develop our next-gen ACLY inhibitors. We will further expand on our pipeline later this year. But in short, we are excited about our next-gen platform and the potential therapeutic areas to which it could be applicable. Further development of these assets could help us expand beyond lipids and enter into new markets with significant unmet need, increase our addressable markets, extend our product lifecycle, and open the door to additional partnering opportunities as well as help us achieve long-term sustainable growth. In summary, I'm excited for what I believe lies in store for us, both now and in the future, and our path has never been clearer or brighter. And with that, operator, we are now ready for Q&A. Thank you. Ladies and gentlemen, to ask a question, you will need to press star one one on your telephone and wait for your name to be announced. To retry your question, simply press star one one again. Please stand by while we compile the Q&A roster. Our first question coming from the line of Serge Belanger with Needham & Company. Hi, good morning. Thanks for taking my questions. I guess for Sheldon, we're about 30 days away or so from the PDUFA for the label expansion. Maybe just talk about the cadence of activities that would follow that label expansion, given that there's ACC and what the plan is in terms of payers and formulary coverage. Thanks. Great. Yeah. Thank you, Serge, and good morning. So yes, we are about 30 days away from our PDUFA date, and just again, want to reiterate, do not see any issues at all of getting there. We've had some very positive interactions with the FDA, so again, feeling really confident about our label and the strategy that we've laid out regarding the label. You heard about our five pillars that we mentioned our prepared remarks as we get ready to launch this new label, which we've always said will be an inflection point for us. As it relates to payers, we've been out talking to payers since the last ACC, March the 4th. I'm happy to say we've made great progress with the payers. We've seen some payers already making changes in anticipation of the new label. I think what's also interesting in our prepared remarks, we mentioned that ICER just recently came out and made reference to Nexlizet as being a cost-effective therapy and essentially should be made available on all formularies. So that's something we'll also re-engage with payers. So we feel very confident about our payer strategy and the interactions that we have had with them. To your point for ACC, again, we get the new label end of March. ACC is around the April 5th timeframe, and we'll be using ACC as a way to really launch that new label and really make a big splash regarding the new label. And Serge and Eric, if I can add that day one, our sales force will be ready to go. So April 1st, we have a full day of training to ensure that that team deploys rapidly. As Sheldon mentioned, we have the ACC where we'll deploy the new campaign, as well as we'll have speaker programs and scientific interaction. And then we'll transition to middle of April to have a launch meeting and start digital as well as consumer programs. So we've got a full slate of activities planned, but day one is when we're beginning them. Great. And maybe just a follow-up. In terms of growth to nets, how stable have they been through 2023? And maybe just talk what kind of impact you expect in the first quarter and whether they can improve once you have the label update and additional product volumes. Yeah. Hey, Serge. It's Ben. Thanks for the question. So I would say throughout 2023, we saw growth to nets that were extremely in line with our expectations in regards to seasonality and where we think a healthy growth to net should be. Going into 2024, we expect that to be mostly the same. We'll see some incremental improvements in certain areas like distribution fees that volume typically helps bring down, but overall, we don't expect any major change, and we should see the same sort of seasonality that we saw this year. All right. Thank you. Thank you. Our next question coming from the line of Tom Shrader with BTIG, your line is open. Good morning. Thank you for taking my call about the new label. So you've already had the maximum statin requirement or language dropped. Has that had any effect on how payers treat the drug? And I guess what I think I'm hearing from you guys is that once you can market the CVOT, the real driver is going to be the pull from physicians that they want the drug, which will be the big lever for getting payers to make it available more easily. Is that correct, or is it at the payer level that you really need to do your work? Thanks. Yeah. Great. Thanks, Tom. Let me start, and then I'll ask BJ also if there's comments to be made. So as you stated, at the end of December, we saw that the FDA did what I would call harmonization of labels, and they removed the maximum tolerated dose of statin, and they essentially acknowledged that we had outcomes very different from the label we'll be getting at the end of March, which will have the CLEAR Outcomes data. Now, with that said, there were some accounts it actually acted as a catalyst for accounts to be prepared for the new label, and some of them went forward and did make changes and removed ezetimibe step edit, for instance. But to your point, and one of the reasons why we've always said the new label would be a catalyst/inflection point, is keep in mind we're the only drug besides statins that studied not only secondary prevention but primary prevention. That's a big differentiation from drugs like ezetimibe and PCSK9. And keep in mind also, and part of our strategy for our label, is that you can use Nexlizet on its own, or you can use it with a statin. So a doctor has choices now. And again, for those primary prevention patients, it's extremely important. Now, we've talked to payers about this. As mentioned in the last question, they're very receptive to what our new label will look like. We've talked to them. Of course, we won't know what our final label is until we get it, but we've talked to them of what it could look like and what we would need for them to do to change criteria. For the most part, they've been very agreeable, and that will really then lessen the barrier of physicians being able to get the drug. That's what the label does. It makes it easier for physicians to get this drug. Our label right now is very narrow and very restrictive. As we mentioned in our prepared remarks, the population goes from 10 million- 30 million+ patients. I just would say, Tom, improving payer coverage certainly matters as a priority, and we've been streamlining consistency in utilization management. We actually have had criteria improve just since CVOT presentations, the interim label, with over 16 plans both regionally and nationally. We are well poised for the new label, and we're very excited. And those discussions have been continuing since last year's ACC to current day, and all the payers are anticipating the new label, so we feel very confident in that regard. Okay. Thank you. Thank you. Our next question coming from the line of Jason Zemansky from Bank of America, y our line is open. Good morning. Thank you so much for taking our questions, and congrats on the quarter two, if I may, please. I was hoping first you could provide some color on the specific impact of FDA's label revision in December. I appreciate the holidays were right there, but was there any lift or acceleration, either in interest or sales, at that point with the loosening of restrictions? Yeah. Hey, Jason. It's Eric. So we did drive that 8% growth, which is relatively consistent to prior quarters, with the exception of second quarter. But as you know, that change that we saw removed the maximally tolerated requirement, but it still kept statins, and full payer changes didn't happen with regards to that removal. So I would say it kept us growing on the cadence that we were growing, but it didn't have a dramatic inflection like we anticipate when we're going to have the updated label in April 1st. So as Sheldon stated, not only is it a quantity of patient change going from 10- 30, potentially 70, but it's a quality incorporating that primary prevention and fully removing the statin requirement. Jason, I would add that the thing about the new label that we'll have at the end of March is it'll be the first time that our representatives, our medical liaisons, etc., can actually speak to CLEAR Outcomes data. So the growth that Eric spoke to and the growth that we've demonstrated through 2023 has always been on what I would say, again, the very restrictive label that we had. So we never thought of and we tried to actually take time with folks to explain the label change from December. Do not confuse that with what the label change will be at the end of March because that's what really opens the door for us as it relates to new patients and really being able to maximize the value of our products. Got it. And then so obviously, the NCE-1 date passed last week, so generic companies can technically file for ANDAs for generic versions of NEXLETOL and NEXLIZET. Wanted to ask, have you received any Paragraph IV notifications from generic manufacturers? We are aware of the date that you mentioned, and it's something that we've been expecting, but no, we have not received anything to date. Got it. Thanks for the color. Yep. Sure. Thank you. And our next question coming from the line of Na Sun with JPMorgan Chase, your line is open. Hey, guys. This is Na Sun for Jessica Fye. Congratulations on a good quarter. Can you talk about how the shift in OUS manufacturing to DSE, how long that shift will take, and could we maybe see impact from that in 2024? And also, you mentioned there is an update of guidelines that could be on the horizon, I think. How soon do you expect to see that potentially happening? And then for OPEX in 4Q, the R&D guideline, is that as low as the company could go, or is there some further development cost for the pipeline included in there? Thank you. Ben, do you want to start with? Yes. Go ahead. Yeah. So I'll answer the manufacturing and the OpEx question. So on the manufacturing transition to DSE, it's a tech transfer, which typically takes anywhere 16-18 months. We've been in discussions with them about the timeframe and moving that along as quickly as possible. I think it's in both parties' interests, and both parties are very excited to get it done. But that said, it will take time. We're working through the specifics of the plan, but there is a possibility we'll start seeing some of the working capital benefits towards the end of the year. I wouldn't expect any of the gross margin savings to happen until next year when we're further along in the tech transfer, though. And then on the OpEx guidance for R&D, that guidance does include the preclinical pipeline spend. So that's all-inclusive. But I will say we have sort of meaningfully managed that OpEx down, and we're pretty lean at this point. I would just go to further add that we actually were in Munich about two weeks ago. We met with their manufacturing folks to do a kickoff of the tech transfer. It was a really good meeting, and we're off to a really good start with their team and working together to get this done. Related to guidelines, again, we have no impact on guidelines. We're somewhat at the mercy of the folks that write the guidelines. There was some thought that guidelines would have come out in 2023. There's a potential maybe it could be 2024. I do think once our new label comes out, there will be consensus statements, etc. But as it relates to when the actual new guidelines come out, we'll have to wait and see. But as you probably have seen, there's been a lot of literature, a lot of things being both done not only in the United States but in Europe as it relates to the use of bempedoic acid and where to use bempedoic acid. It's been very favorable. As a matter of fact, in Germany, they actually last year issued through their HTA authorities that you cannot use a PCSK9 until you've actually used bempedoic acid first. So stay tuned as we get more updates on U.S. guidelines, etc. We will definitely update you on that. Thank you. I'm showing no further questions in the queue at this time. I will now turn the call back over to Mr. Sheldon Koenig for any closing remarks. Thank you so much. Well, thank you, everybody. We really appreciate you taking the time and interest in Esperion Therapeutics. Again, I just want to remind everyone that we have a large catalyst coming in essentially less than a month with our new label. We had a very strong quarter, and that quarter is really going to and has created strong momentum as we enter into the first quarter of 2024. And with that said, we also have a steady stream of catalysts for our long-term continued growth. So thank you again, and talk to you soon. Take care. Please, gentlemen, that does conclude our conference for today. Thank you for your participation. You may now disconnect.