Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

More Positive News For Lexicon, But Not The Big Announcement

Lexicon Pharmaceuticals (NASDAQ:LXRX) continues to generate data on its SGLT-1/2 inhibitor LX4211 that suggest this is an effective and promising medication for treating not only Type 2 diabetes (the common target for non-insulin medications for diabetes), but also Type 1 as well. Lexicon's most recent update, a small short-term Phase II study in Type 1 diabetics is certainly a positive update, but it's not what investors really want to see. Lexicon still needs to find a development partner for LX4211 and the ongoing delays don't help sentiment or the long-term prospects for the drug.

A Potentially Meaningful Addition To Type 1 Care

On Monday morning, Lexicon released top-line data from a small (33-patient) Phase II study of LX4211...

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