The incomplete and somewhat ambiguous results that Lexicon Pharmaceuticals (NASDAQ:LXRX) reported in late June from its Phase II RELIEF-DPN-1 study of LX9211 ('9211) are, unfortunately, par for the course for a company that has a long record of struggling to deliver hoped-for results for its shareholders. That said, as a proof-of-concept study it was a success, and it continues to support the notion that there may be enough upside from this high-risk/high-reward biotech to merit attention from aggressive risk-tolerant biotech investors.
The story today at Lexicon basically boils down to two key opportunities and uncertainties - can the company effectively market its SGLT-1/2 drug sotagliflozin ("sota") in the heart failure market (assuming approval, of course), and can LX9211 generate enough high-quality data to coax a larger pharmaceutical company into a development partnership? There are legitimate bear arguments to be made with both questions, but also enough upside in a favorable outcome to make this worth ongoing attention.
Read the full article here:
Lexicon Pharmaceuticals: Encouraging Signs Of Efficacy In Pain, But Still Looking For A Clear Win
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