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EU panel supports OK of Aegerion drug

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Shares of Cambridge’s Aegerion Pharmaceuticals Inc. rose after the company said that a European Union advisory panel recommended its drug be approved as a treatment for a rare inherited disease that causes high levels of bad cholesterol. Regulators are expected to make a decision in the third quarter. The pill, Lojuxta, is intended to be used along with a low-fat diet and other methods intended to reduce bad LDL cholesterol. US regulators approved the drug in December. Here, it is marketed under the name Juxtapid.