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Lexicon Pharmaceuticals Completes Enrollment of Pivotal Phase 3 SONATA-HCM Study of Sotagliflozin in Symptomatic Non-Obstructive and Obstructive Hypertrophic Cardiomyopathy (HCM)

(Moderate)
(Very Positive)

Lexicon Pharmaceuticals (Nasdaq: LXRX) announced completion of patient randomization in the pivotal Phase 3 SONATA-HCM trial of sotagliflozin in symptomatic non-obstructive (nHCM) and obstructive (oHCM) hypertrophic cardiomyopathy. The study substantially exceeded its enrollment target of 500 patients across more than 130 sites in 20 countries.

The final population includes a substantial majority of nHCM patients and a meaningful oHCM cohort. The randomized, double-blind, placebo-controlled trial evaluates symptoms, function, patient-reported outcomes and safety, with the primary endpoint being change from baseline to week 26 in KCCQ Clinical Summary Score. Topline results are anticipated in Q1 2027.

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Positive

  • Phase 3 enrollment completed in SONATA-HCM, exceeding 500-patient target
  • Global scale with more than 130 sites across 20 countries
  • Only ongoing Phase 3 including both non-obstructive and obstructive HCM
  • Largest Phase 3 study to date including both nHCM and oHCM
  • Substantial majority nHCM patients where treatment options remain limited

Negative

  • No efficacy or safety results disclosed; topline data not expected until Q1 2027

News Market Reaction – LXRX

-2.62%
5 alerts
-2.62% Session close to close
+6.6% Peak in 24 hr 57 min
$1.07B Market Cap
0.6x Rel. Volume

In the Jul 27 session, LXRX declined 2.62%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.6% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Current risk context lists moderate short positioning for LXRX. Against that platform risk backdrop,...
Analysis

Current risk context lists moderate short positioning for LXRX. Against that platform risk backdrop, enrollment completion is a development milestone; efficacy, safety, and topline results remain the principal items to watch.

Key Figures

Enrollment target: 500 patients Study sites: More than 130 sites Countries: 20 countries +4 more
7 metrics
Enrollment target 500 patients SONATA-HCM Phase 3 study target; enrollment substantially exceeded
Study sites More than 130 sites SONATA-HCM multinational trial
Countries 20 countries SONATA-HCM multinational trial
Trial phase Phase 3 SONATA-HCM study of sotagliflozin
Topline results timing Q1 2027 Anticipated SONATA-HCM topline results
Primary endpoint timing Week 26 Change from baseline in KCCQ CSS
Prior sotagliflozin clinical exposure Approximately 20,000 patients Multiple heart failure, diabetes, and chronic kidney disease studies

Previous Clinical trial Reports

5 past events · Latest: Mar 23 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 23 Phase 1 initiation Positive +5.1% Novo Nordisk and Lexicon initiated an oral obesity drug candidate Phase 1 study.
Jan 21 FDA Phase 3 guidance Positive +19.1% FDA raised no objections to advancing pilavapadin into Phase 3 development.
Dec 05 Clinical data presentation Positive -1.4% Lexicon presented sotagliflozin data on adipose distribution in non-diabetic HFpEF patients.
Nov 08 Clinical data presentation Positive +13.6% Sotagliflozin data showed significant improvements across cardiac and patient-reported outcomes.
Mar 03 Phase 2b topline results Negative -58.2% Pilavapadin's primary endpoint missed statistical significance despite dose-related pain reduction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched clinical-trial events were mostly aligned with their reported sentiment, although one positive clinical-data announcement diverged negatively.

Key Terms

hypertrophic cardiomyopathy, kccq css, sglt1, sglt2, +1 more
5 terms
hypertrophic cardiomyopathy medical
"symptomatic non-obstructive and obstructive hypertrophic cardiomyopathy"
Hypertrophic cardiomyopathy is a genetic heart condition in which the heart muscle becomes abnormally thick, making it harder for the heart to pump and for electrical signals to travel normally; think of a pump whose walls have thickened so it moves less efficiently. Investors care because the condition drives demand for diagnostics, drugs and devices, affects workforce and insurance costs, and can influence clinical trial results, regulatory approvals and liability exposure in healthcare-related companies.
kccq css medical
"Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ CSS)"
A KCCQ CSS is a numeric score derived from the Kansas City Cardiomyopathy Questionnaire that summarizes a heart-failure patient’s symptoms, physical limitations, and quality of life into a single “clinical summary” number. It works like a customer satisfaction rating for patients with heart failure: higher scores mean better health and daily functioning. Investors watch it because changes in this score are commonly used in clinical trials and regulatory filings to show whether a treatment meaningfully helps patients, which can affect approval, prescribing, and market potential.
sglt1 medical
"an oral inhibitor of two proteins responsible for glucose regulation"
SGLT1 is a protein in the body’s lining of the gut and some kidney cells that acts like a doorway, moving sugar from the digestive tract into cells. It matters to investors because drugs that block or modify this doorway can change how the body handles blood sugar, appetite and fluid balance, so successes or setbacks in SGLT1-targeted therapies can affect drug sales, trial outcomes, regulatory risk and long-term company value.
sglt2 medical
"sodium-glucose cotransporter types 2 and 1 (SGLT2 and SGLT1)"
SGLT2 is a protein in the kidneys that acts like a tiny reabsorption gate, returning glucose from urine back into the bloodstream; drugs called SGLT2 inhibitors block this gate to help lower blood sugar. Investors care because therapies aimed at SGLT2 have broad market potential beyond diabetes—often affecting heart and kidney outcomes—so clinical results, approvals, or safety signals can materially change a drug maker’s revenue and regulatory risk, similar to a new feature that expands or shrinks a product’s customer base.
double-blind medical
"a randomized, double-blind, placebo-controlled, multinational trial"
A double-blind process means that neither the people conducting an activity nor the people involved know certain key details, such as who is receiving a treatment or a placebo. This approach helps prevent bias from influencing the results, making the outcome more trustworthy. For investors, it ensures that decisions or judgments are based on unbiased information rather than preconceived opinions or expectations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Study substantially exceeded enrollment target of 500 patients

Topline results anticipated in Q1 2027

THE WOODLANDS, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced that randomization of patients has been completed in the pivotal Phase 3 “SOtaglifloziN in Patients with SymptomATic obstructive And non-obstructive Hypertrophic CardioMyopathy (SONATA-HCM)” clinical trial evaluating sotagliflozin in patients with non-obstructive (nHCM) and obstructive (oHCM) hypertrophic cardiomyopathy.

The study substantially exceeded its enrollment target of 500 patients across more than 130 sites in 20 countries. The primary efficacy endpoint will assess improvement in symptoms for the entire population (nHCM and oHCM). The final study population included a substantial majority of patients with non-obstructive HCM, providing a robust opportunity to evaluate sotagliflozin in a patient group for whom effective treatment options remain limited, as well as a meaningful cohort of patients with obstructive HCM. Lexicon believes the final study population will enable a thorough assessment of sotagliflozin's potential across the spectrum of symptomatic HCM. Topline results are anticipated in the first quarter of 2027.

“Completion of patient enrollment in SONATA-HCM marks an important milestone for patients living with the symptoms of HCM, a chronic, progressive disease,” said Craig Granowitz, M.D., Ph.D., Lexicon’s senior vice president and chief medical officer. “We believe that sotagliflozin, a dual SGLT1 and SGLT2 inhibitor with a unique mechanism of action as compared to currently available treatments, has the potential to be a differentiated option for symptomatic HCM patients. We look forward to sharing topline results in the first quarter of 2027.”

SONATA-HCM is the only ongoing Phase 3 study in both non-obstructive and obstructive HCM and is the largest Phase 3 study including both nHCM and oHCM to date. SONATA-HCM is a randomized, double-blind, placebo-controlled, multinational trial that is evaluating the efficacy of sotagliflozin on symptoms, function, and other patient-reported outcomes, as well as safety, in patients with symptomatic HCM. The primary efficacy endpoint is improvement in symptoms, as measured by change from baseline to week 26 in the Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ CSS). Patients with symptomatic HCM on a stable dose of guideline-directed therapy for HCM, including cardiac myosin inhibitors, were permitted to enroll in the study depending on certain criteria.

“For patients living with hypertrophic cardiomyopathy, there remains a significant need for additional treatment options that can help address persistent symptoms and improve daily function,” said Sharlene M. Day, M.D., co-principal investigator for SONATA-HCM, Presidential Professor, Director of Translational Research of the Penn Cardiovascular Institute, University of Pennsylvania. “Having a well-tolerated medication with a distinct mechanism of action that can complement other therapies would be an important advance for physicians and patients.”

“Completing enrollment in SONATA-HCM is a major achievement for the HCM community and reflects the commitment of investigators, study teams and participants,” said Carolyn Y. Ho, M.D., co-principal investigator for SONATA-HCM, Professor of Medicine at Harvard Medical School and Medical Director of the Cardiovascular Genetics Center at Brigham and Women’s Hospital. “We are grateful to the patients involved in this trial, whose partnership is essential to advancing research and hopefully bringing a novel treatment option to people living with HCM.”

About Sotagliflozin
Discovered using Lexicon’s unique approach to gene science, sotagliflozin is an oral inhibitor of two proteins responsible for glucose regulation known as sodium-glucose cotransporter types 2 and 1 (SGLT2 and SGLT1). SGLT2 is responsible for glucose and sodium reabsorption by the kidney and SGLT1 is responsible for glucose and sodium absorption in the gastrointestinal tract. Sotagliflozin has been studied in multiple patient populations encompassing heart failure, diabetes, and chronic kidney disease in clinical studies involving approximately 20,000 patients. Sotagliflozin is also currently under investigation for hypertrophic cardiomyopathy (HCM).

About Lexicon Pharmaceuticals
Lexicon is a biopharmaceutical company with a mission of pioneering medicines that transform patients’ lives. Lexicon has a pipeline of drug candidates in discovery, preclinical, and clinical development in neuropathic pain, hypertrophic cardiomyopathy (HCM), obesity and metabolic disorders, and other cardiometabolic indications. For additional information, please visit www.lexpharma.com.

Safe Harbor Statement
This press release contains “forward-looking statements,” including statements relating to the research, development and therapeutic and commercial potential of sotagliflozin in hypertrophic cardiomyopathy. In addition, this press release may also contain forward-looking statements relating to Lexicon’s financial position and long-term outlook on its business, including the commercialization of its approved products and the clinical development of, regulatory filings for, and potential therapeutic and commercial potential of its other drug candidates. In addition, this press release also contains forward looking statements relating to Lexicon’s growth and future operating results, discovery, development and commercialization of products, strategic alliances and intellectual property, as well as other matters that are not historical facts or information. All forward-looking statements are based on management’s current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including Lexicon’s ability to meet its capital requirements, successfully commercialize its approved products, successfully conduct preclinical and clinical development and obtain necessary regulatory approvals of its other drug candidates on its anticipated timelines, achieve its operational objectives, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its approved products and other drug candidates. Any of these risks, uncertainties and other factors may cause Lexicon’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. Information identifying such important factors is contained under “Risk Factors” in Lexicon’s annual report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission. Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For Media Inquiries:
Dave Belian
Lexicon Pharmaceuticals, Inc.
lexinvest@lexpharma.com

For Investor Inquiries:
Lisa DeFrancesco
Lexicon Pharmaceuticals, Inc.
lexinvest@lexpharma.com


FAQ

What did Lexicon Pharmaceuticals (LXRX) announce about the SONATA-HCM Phase 3 trial?

Lexicon Pharmaceuticals announced completion of patient randomization in the pivotal Phase 3 SONATA-HCM trial of sotagliflozin. According to Lexicon, the study exceeded its 500-patient enrollment target across more than 130 sites in 20 countries, with topline results expected in the first quarter of 2027.

When are the topline results from Lexicon’s SONATA-HCM Phase 3 trial expected for LXRX investors?

Topline results from the SONATA-HCM Phase 3 trial are anticipated in the first quarter of 2027. According to Lexicon, the trial has completed randomization and will assess symptom improvement over 26 weeks using the Kansas City Cardiomyopathy Questionnaire Clinical Summary Score as its primary endpoint.

How many patients are enrolled in Lexicon’s SONATA-HCM Phase 3 study of sotagliflozin (LXRX)?

The SONATA-HCM study substantially exceeded its original target of 500 patients. According to Lexicon, the final study population includes a substantial majority of non-obstructive HCM patients and a meaningful obstructive HCM cohort, enrolled across more than 130 sites in 20 countries worldwide.

What is the primary endpoint in Lexicon’s Phase 3 SONATA-HCM trial for sotagliflozin?

The primary endpoint is improvement in symptoms measured by change in KCCQ Clinical Summary Score from baseline to week 26. According to Lexicon, the randomized, double-blind, placebo-controlled trial evaluates sotagliflozin’s effects on symptoms, function, other patient-reported outcomes and safety in symptomatic HCM patients.

Why is Lexicon’s SONATA-HCM trial significant for hypertrophic cardiomyopathy treatment options?

SONATA-HCM is described as the only ongoing Phase 3 study including both non-obstructive and obstructive HCM. According to Lexicon, it is also the largest Phase 3 trial to date with both groups, and includes a substantial majority of non-obstructive HCM patients, where effective options remain limited.

What patient populations are included in Lexicon’s SONATA-HCM Phase 3 trial of sotagliflozin (LXRX)?

SONATA-HCM includes patients with symptomatic non-obstructive and obstructive hypertrophic cardiomyopathy. According to Lexicon, the final population has a substantial majority of non-obstructive HCM patients plus a meaningful obstructive HCM cohort, and allows participants on stable guideline-directed HCM therapy under specified criteria.

What is sotagliflozin and how has Lexicon studied it before the SONATA-HCM HCM trial?

Sotagliflozin is an oral dual SGLT1 and SGLT2 inhibitor targeting glucose and sodium regulation. According to Lexicon, it has been studied in heart failure, diabetes and chronic kidney disease across clinical studies involving approximately 20,000 patients, and is now under investigation for hypertrophic cardiomyopathy.