(CNN) – The US Food and Drug Administration has approved a new cholesterol-lowering medication.

Esperion’s Nexletol is a once-daily tablet and is an alternative for millions of patients that can’t take or don’t respond well to statins.

The company says it’s the first oral non-statin drug approved in nearly two decades.

During studies, the drug reduced cholesterol in patients by an average of 18 percent when used with moderate or high-intensity statins.

The new drug could become available as early as late March.

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