Updates
** Shares of drug developer Esperion ESPR.O rise 7% to $3.15 during afternoon trading
** Co says it will receive a $90 million payment after its Japanese partner, Otsuka Pharmaceutical, launched cholesterol-lowering drug Nexletol in Japan.
** Otsuka received national approval to sell Nexletol for patients with high cholesterol and certain inherited cholesterol disorders, ESPR says
** ESPR eligible for additional milestones and 15%-30% royalties on Japan sales
** Japan is third-largest market for cardiovascular prevention, ESPR says
** Including session's move, shares up ~44% YTD
(Reporting by Sahil Pandey in Bengaluru)
((Sahil.Pandey@thomsonreuters.com))