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. (LXRX) delivers innovative genomic-driven therapies for chronic diseases through its proprietary drug discovery platform. This page provides centralized access to official press releases, clinical trial updates, and strategic developments from the biopharmaceutical innovator.
Investors and industry observers will find timely updates on key initiatives including neuropathic pain treatment LX9211, diabetes therapies, and cardiovascular research. The resource aggregates regulatory milestones, partnership announcements, and scientific presentations while maintaining strict compliance with financial disclosure standards.
All content undergoes verification against primary sources to ensure accuracy. Users can monitor developments across Lexicon's pipeline – from preclinical research to commercialized products like INPEFA® – through curated news streams free of promotional language.
Bookmark this page for efficient tracking of LXRX's progress in advancing non-opioid pain management solutions and targeted metabolic therapies. Regular updates provide critical insights into the company's position within the evolving biopharmaceutical landscape.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced successful outcomes in the SOLOIST and SCORED Phase 3 studies for sotagliflozin, showcasing statistically significant reductions in total cardiovascular deaths, heart failure hospitalizations, and urgent visits compared to placebo. In the SOLOIST study, the hazard ratio was 0.67 (p<0.001), while for SCORED, it was 0.74 (p<0.001). The outcomes were presented at the AHA Scientific Sessions 2020 and published in The New England Journal of Medicine. These findings support sotagliflozin's role as standard care in heart failure.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced its participation in the Stifel 2020 Virtual Healthcare Conference on November 18, 2020. During the event, Lonnel Coats, president and CEO, alongside Jeffrey L. Wade, EVP and CFO, will engage in a live fireside chat at 2:40 p.m. ET. A webcast will be accessible on Lexicon's website, with an archived version available for two weeks post-event. Lexicon focuses on pioneering treatments and has a pipeline of drug candidates targeting various diseases, thanks to its Genome5000™ program.
Lexicon Pharmaceuticals (Nasdaq: LXRX) reported financial results for Q3 2020, showing revenues dropped to $6.6 million, down from $294.4 million in Q3 2019, due to the loss of collaborative revenues from Sanofi. Despite this, net income stood at $82.6 million, or $0.71 per diluted share. The company is focusing on the advancement of its drug candidate LX9211 for neuropathic pain, with two Phase 2 studies underway. Significant debt reduction of >90% was achieved, including the termination of a $150 million loan.
Lexicon Pharmaceuticals (Nasdaq: LXRX) is set to release its Q3 2020 financial results on October 29, 2020, before market opening. The management will host a conference call at 8:00 a.m. ET to discuss these results and provide an update on clinical developments. Lexicon is known for pioneering medicines and has an active pipeline focused on diabetes, neuropathic pain, and more. The company emphasizes the significance of its Genome5000™ program in discovering various therapeutic targets.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announced its agreement to exchange $62.55 million of its 5.25% Convertible Senior Notes due 2021 for $41.03 million in cash and 8.75 million shares of common stock. The transaction, expected to close by September 28, 2020, aims to reduce remaining interest expenses by approximately $3.9 million. Following these exchanges, Lexicon's outstanding debt will have decreased by about 90% since June 30, 2020, aligning with its focus on the LX9211 neuropathic pain program and other R&D initiatives.
Lexicon Pharmaceuticals (Nasdaq: LXRX) has commenced patient dosing in the RELIEF-DPN-1 study, a Phase 2 clinical trial evaluating LX9211 for diabetic peripheral neuropathic pain. LX9211 is an oral AAK1 inhibitor aimed at reducing pain without addictive effects. The study aims to enroll 300 patients across 30 U.S. sites, focusing on changes in pain scores over six weeks. Lexicon prepares for additional studies in related pain conditions, leveraging promising preclinical results and a favorable Phase 1 safety profile.
Lexicon Pharmaceuticals (Nasdaq: LXRX) announces participation in two upcoming virtual conferences: Citi's 15th Annual BioPharma Conference on September 9, 2020, and Wells Fargo's 2020 Virtual Healthcare Conference on September 10, 2020. Jeffrey L. Wade, the executive vice president and CFO, will present at the Wells Fargo conference at 2:00 p.m. ET, with the webcast available on Lexicon's website. Lexicon focuses on pioneering medicines through its Genome5000™ program, targeting significant therapeutic proteins to treat various diseases.
GTCR has finalized an agreement for its portfolio company, TerSera Therapeutics, to acquire Xermelo® (telotristat ethyl) from Lexicon Pharmaceuticals (LXRX) for approximately $159 million, with additional milestone payments possible. Xermelo is the first approved oral therapy for carcinoid syndrome diarrhea. This acquisition will enhance TerSera's oncology portfolio, which already includes products like Zoladex® and Varubi®. The deal supports GTCR's strategy, reflecting commitment to growth in therapeutic areas.
Lexicon Pharmaceuticals (LXRX) is advancing its neuropathic pain program with the initiation of a Phase 2 clinical study for LX9211, targeting diabetic peripheral neuropathic pain. The RELIEF-DPN-1 study aims to enroll 300 patients across 30 U.S. sites. Additionally, Lexicon has agreed to sell its XERMELO product to TerSera for up to $224 million, including $159 million upfront, which will significantly reduce its debt, repaying a $150 million secured loan. This strategic shift emphasizes Lexicon’s focus on innovative pain therapies.
Lexicon Pharmaceuticals (Nasdaq: LXRX) has entered into an asset purchase agreement to sell XERMELO (telotristat ethyl) to TerSera Therapeutics for approximately $159 million, including a $155 million upfront payment. Lexicon may additionally receive up to $65 million in milestone payments and mid-teens royalties on net sales in biliary tract cancer. The agreement allows Lexicon to focus on LX9211 and reduce debt. The transaction is expected to close in Q3 2020, pending customary conditions.
