Tim Mayleben (L) and Sheldon Koenig (Esperion)

On the heels of a sting­ing Q1 set­back, Es­pe­ri­on's long­time cham­pi­on is ex­it­ing the helm and turn­ing the wheel over to a mar­ket­ing pro

Just days af­ter get­ting stung by crit­i­cism from a bad­ly dis­ap­point­ed group of an­a­lysts, there’s a big change hap­pen­ing to­day at the helm of Es­pe­ri­on $ES­PR.

Long­time CEO Tim Mayleben, who cham­pi­oned the com­pa­ny for 9 years from ear­ly clin­i­cal through a lengthy late-stage dri­ve to suc­cess­ful­ly get their cho­les­terol drug ap­proved for a sig­nif­i­cant niche of pa­tients in the US, is out of the C suite, ef­fec­tive im­me­di­ate­ly. Shel­don Koenig — hired at the end of 2020 with a re­sume re­plete with Big Phar­ma CV sales ex­pe­ri­ence —  is step­ping in­to his place, promis­ing to right a bad­ly list­ing com­mer­cial ship that’s been bat­tered by mar­ket forces.

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