Sunday, December 22, 2019

Lexicon Needs More Than Incremental Positive Clinical Data

This has been a hard year for Lexicon Pharmaceuticals (LXRX), and I can understand why any good news would be welcome. Unfortunately, the three positive trial read-outs the company has offered in December don’t really change the value proposition and don’t really represent any positive change in the outlook.

As is, Lexicon still needs to find a partner for its lead drug sotagliflozin and figure out how to manage its cash needs. More significant data from the TELE-ABC study in 2020 could certainly help, and maybe the company will be able to produce proof-of-concept data on its chronic/neuropathic pain drug LX9211, but for now a partner for sotagliflozin is far and away at the top Lexicon’s Christmas list.

Read the full article here:
Lexicon Needs More Than Incremental Positive Clinical Data

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