FDA approves Merck's first-in-class cholesterol pill

Merck said on Thursday the U.S. FDA has approved its cholesterol pill, the ​first of its kind to receive the health regulator's nod, bolstering the ‌drugmaker's efforts to diversify beyond its blockbuster cancer treatment Keytruda.

Keytruda is set to lose key patent protections starting in 2028, exposing the company to competition from potential less expensive biosimilar versions ​of the drug.

The pill Lipfendra is intended to treat patients with hypercholesterolemia, which ​can be identified by elevated levels of LDL, the so-called "bad" cholesterol ⁠in the blood, often leading to plaque buildup in the arteries.

With the U.S. ​Food and Drug Administration's approval, Lipfendra, also called enlicitide, would become the first oral ​PCSK9 inhibitor to enter the market, offering an alternative to a class of cholesterol-lowering drugs long dominated by injectables.

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Its list price will be $10.50 per day, based on a 30-day supply, Merck told ​Reuters. The company's shares were up 1.1% in premarket trading.

Lipfendra works by blocking ​PCSK9 protein, which plays a vital role in regulating cholesterol levels, while oral statins, an older ‌type ⁠of cholesterol medicine, block an enzyme the liver uses to make cholesterol.

About one in four adults in the U.S. have high LDL cholesterol, according to the American Heart Association.

The FDA's decision was based on two late-stage trials, which showed the once-daily pill ​significantly lowered LDL cholesterol ​in a broad ⁠range of patients, including those with familial hypercholesterolemia and those already taking statins.

The landscape for cholesterol-lowering drugs is currently dominated by ​PCSK9-inhibitor injectables such as Amgen's Repatha, and Regeneron (REGN.O), opens new tab and Sanofi's (SASY.PA), opens new tab ​Praluent.

Lipfendra could ⁠have "peak sales potential of tens of billions of dollars," Scotiabank analyst Louise Chen had said ahead of the approval.

Merck's drug is a recipient of the FDA commissioner's National Priority ⁠Voucher ​program, which is intended to slash review periods ​of drugs that are critical to public health or national security.