Welcome to our dedicated page for Lexicon Pharmaceuticals news (Ticker: LXRX), a resource for investors and traders seeking the latest updates and insights on Lexicon Pharmaceuticals stock.
Lexicon Pharmaceuticals, Inc. (symbol: LXRX) is a biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative drugs to treat serious human diseases. Utilizing advanced genetics, Lexicon has developed a robust pipeline of novel drug candidates aimed at addressing a wide range of medical needs.
Research and Development: Lexicon's research team employs gene knockout technology to investigate thousands of potential drug targets in the human genome. This approach has enabled the company to gain a deep understanding of target biology, leading to the identification of new therapeutic interventions. Lexicon's systematic drug discovery process integrates recombinant DNA and chemistry technologies, allowing for the effective evaluation and advancement of promising drug candidates.
Key Products and Pipeline: Among Lexicon's notable drug candidates are LX9211, an orally delivered small molecule for neuropathic pain, and sotagliflozin (marketed as INPEFA®), another orally delivered small molecule for heart failure and type 1 diabetes. Sotagliflozin is a dual inhibitor of SGLT2 and SGLT1, proteins responsible for glucose regulation. The drug has demonstrated efficacy in clinical trials involving around 20,000 patients across multiple conditions, including diabetes and chronic kidney disease.
Recent Achievements: Lexicon has successfully launched INPEFA® in the United States, marking a significant milestone in its commercialization efforts. The company continues to advance its other drug candidates through clinical and preclinical development, with a focus on neuropathic pain, diabetes, metabolism, and other therapeutic areas.
Financial Condition: As of the latest reports, Lexicon's research and development expenses have increased, reflecting its commitment to advancing its pipeline. The company is actively engaged in investor and media relations, providing regular updates on its financial position, strategic alliances, and regulatory progress.
Partnerships and Strategic Alliances: Lexicon's unique expertise in genomics has attracted several strategic partnerships aimed at enhancing its drug discovery and development capabilities. These alliances support the company's mission to pioneer medicines that transform patients' lives.
For more detailed information about Lexicon Pharmaceuticals and its latest developments, visit their official website.
Lexicon Pharmaceuticals (Nasdaq: LXRX) reported Q2 2021 financial results, revealing a significant revenue drop to $0.2 million from $9.2 million in Q2 2020, primarily due to the cessation of product sales after the XERMELO divestiture. R&D expenses decreased to $10.3 million, while SG&A expenses fell to $7.9 million. The net loss improved to $18.1 million ($0.13 per share) compared to the prior year's loss of $69.1 million ($0.65 per share). The company anticipates filing a New Drug Application for sotagliflozin by year-end and reports increased enrollment in ongoing Phase 2 studies of LX9211.
Lexicon Pharmaceuticals (Nasdaq: LXRX) will announce its second-quarter 2021 financial results on July 30, 2021, before market opening. A conference call is scheduled at 8:00 a.m. ET to discuss these results and provide a business update. The company is advancing drug candidates through its Genome5000™ program, which targets over 100 proteins for various diseases. Lexicon has one drug on the market and a pipeline focused on neuropathic pain, heart failure, and diabetes. For more details, visit lexpharma.com.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced a symposium on sotagliflozin during the American Diabetes Association’s 81st Scientific Sessions from June 25-29, 2021. The event will focus on updates from the SCORED and SOLOIST cardiovascular and kidney outcomes trials on June 29. Sotagliflozin, an oral dual SGLT1 and SGLT2 inhibitor, is approved in the EU for adults with type 1 diabetes who struggle with glycemic control despite optimal insulin therapy, yet has not been commercially launched. This highlights Lexicon's commitment to advancing diabetes treatment.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced that CEO Lonnel Coats will present at the 2021 Jefferies Virtual Healthcare Conference on June 2, 2021, at 11:30 a.m. ET. A live webcast of the presentation will be accessible on Lexicon's website, with an archived version available for two weeks post-event.
Lexicon focuses on pioneering innovative medicines through its Genome5000™ program, having identified over 100 protein targets for various diseases. The company's portfolio includes drug candidates in clinical and preclinical development for conditions like neuropathic pain and diabetes.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced two virtual presentations on sotagliflozin at the American College of Cardiology’s 70th Annual Scientific Session from May 15-17, 2021.
The first presentation, on May 16, will discuss the SOLOIST-WHF trial findings, highlighting how sotagliflozin reduces hospitalizations and increases patient days outside the hospital. The second presentation, on May 17, will focus on the benefits of sotagliflozin across various heart failure conditions.
Lexicon Pharmaceuticals (LXRX) reported its Q1 2021 financial results, revealing negligible revenues due to the previous sale of XERMELO. The net loss narrowed to $21 million, or $0.15 per share, compared to $66.6 million, or $0.63 per share, in Q1 2020. Research and Development (R&D) expenses decreased significantly to $12.6 million from $55.2 million, as clinical studies concluded. Lexicon continues to enroll patients in two Phase 2 studies for LX9211 targeting neuropathic pain and received positive FDA feedback for sotagliflozin, with plans for an NDA filing this year.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced it will release its Q1 2021 financial results on May 6, 2021, after market close. A conference call at 5:00 p.m. ET will follow, offering insights into financials and business updates. Lexicon's Genome5000™ program has identified over 100 protein targets for therapeutic development across various diseases, including neuropathic pain and heart failure. The company emphasizes its commitment to pioneering innovative medicines while also addressing potential risks and uncertainties in clinical development and regulatory approvals.
Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) announced that CFO Jeffrey L. Wade will participate in a live fireside chat at the 20th Annual Needham Virtual Healthcare Conference on April 15, 2021, at 10:15 a.m. ET. A webcast of the event will be accessible on the company’s website, with an archived version available for two weeks afterward. Lexicon focuses on pioneering medicines through its Genome5000™ program, targeting over 100 protein targets across various diseases, including neuropathic pain and heart failure. For more details, visit www.lexpharma.com.
Lexicon Pharmaceuticals (Nasdaq: LXRX) reported Q4 and full-year 2020 financial results. Revenues for Q4 plummeted to $0.2 million from $8.7 million in Q4 2019, with full-year revenues declining to $24 million from $322.1 million. The company eliminated 95% of its debt, securing $152.3 million in cash. Lexicon initiated two Phase 2 studies for LX9211 targeting diabetic pain and received Fast Track designation from the FDA. The company plans to file an NDA for sotagliflozin for heart failure in H2 2021, leveraging positive Phase 3 data that demonstrated significant cardiovascular benefits.
Lexicon Pharmaceuticals (Nasdaq: LXRX) is set to release its fourth quarter and full-year 2020 financial results on March 10, 2021 after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and provide a business update. Interested parties can join via U.S. dial-in or through an online audio webcast, which will be available for replay for 14 days. Lexicon focuses on developing innovative medicines targeting various diseases, supported by its Genome5000™ program, and has a pipeline with ongoing clinical and preclinical developments.
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