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Lexicon Pharmaceuticals Inc - LXRX STOCK NEWS

Welcome to our dedicated news page for Lexicon Pharmaceuticals (Ticker: LXRX), a resource for investors and traders seeking the latest updates and insights on Lexicon Pharmaceuticals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lexicon Pharmaceuticals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lexicon Pharmaceuticals's position in the market.

Rhea-AI Summary
Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) will release its second quarter 2023 financial results on Thursday, August 3rd, 2023 after the markets close. Management will conduct a conference call and live webcast at 5:00 p.m. ET (4:00 p.m. CT) that day to discuss the financial results and to provide a business update.
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LXRX: Diane E. Sullivan joins Lexicon Board of Directors bringing extensive commercialization, strategy, and market access experience. Ms. Sullivan to provide strategic direction for the commercial launch of INPEFA™ (sotagliflozin) and advancement of its pipeline.
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3.66%
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Rhea-AI Summary
Lexicon Pharmaceuticals plans to advance its investigational drug LX9211 into late-stage development for diabetic peripheral neuropathic pain. The first late-stage study will be a Phase 2b dose optimization study, with start-up scheduled in Q3 2023 and dosing expected in Q4. The clinical program has been designed to optimize success and efficiency in satisfying regulatory requirements for approval.
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Rhea-AI Summary
Lexicon Pharmaceuticals, Inc. has closed its public offering and private placement, raising aggregate gross proceeds of $143.7 million. The company sold a total of 27,513,410 shares of common stock in the public offering, generating approximately $71.5 million. The concurrent private placement resulted in the sale of 27,775,050 shares of common stock, raising approximately $72.2 million. The funds will be used for the commercial launch of INPEFA™ and continued research and development of drug candidates.
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4.72%
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Rhea-AI Summary
Lexicon Pharmaceuticals, Inc. has announced an underwritten public offering of its common stock. The offering is subject to market conditions and the company's largest stockholder will also purchase shares through a private placement. The proceeds will be used for the commercial launch of INPEFA™ (sotagliflozin) and for research and development of drug candidates.
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Lexicon Pharmaceuticals Inc

Nasdaq:LXRX

LXRX Rankings

LXRX Stock Data

485.09M
100.03M
1.67%
82.16%
8.9%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
United States
The Woodlands

About LXRX

corporate overview lexicon pharmaceuticals is a biopharmaceutical company that has harnessed the power of genetics for drug discovery. our research team has generated a pipeline of novel drug candidates in clinical development across a broad range of indications. the genome: our source of discovery we have applied gene knockout technology to thousands of potential drug targets encoded in the human genome. our scientists have gained a thorough understanding of target biology and identified new points of intervention for future therapies. we have integrated a series of recombinant dna and chemistry technologies into a systematic drug discovery and development process. our unique knowledge of targets from the human genome has allowed us to better evaluate and advance novel drug candidates with great promise for patients. a diverse pipeline of targeted therapies our genomics-based approach to drug discovery has enabled our scientists to select drug targets across a broad range of indicatio