Lexicon Pharma down 8% premarket on Q2 miss

Jul. 31, 2019 9:27 AM ETLexicon Pharmaceuticals, Inc. (LXRX)LXRXBy: Mamta Mayani, SA News Editor
  • Lexicon Pharmaceuticals (LXRX) Q2 results: Revenues: $9.7M (-29.7%); Net product revenue: $8.7M (+19.2%); Collaborative agreements: $0.9M (-85.9%); Royalties and other revenue: $0.2M (+150.0%).
  • Net Loss: ($23M) (+33.3%); Loss Per Share: ($0.22) (+33.3%); Quick Assets: $106M (-33.8%).
  • Anticipated Near-Term Milestones: September 2019 – Presentation of new analyses from studies of Zynquista in type 1 diabetes at the 55th Annual Meeting of the European Association for the Study of Diabetes.
  • 2H 2019 – Topline Phase 1b data for LX9211.
  • 2H 2019 – Topline results from core Phase 3 studies for Zynquista in type 2 diabetes.
  • 2H 2019 – Completion of patient enrollment of the initial safety cohort in the Phase 2 study of telotristat ethyl in biliary tract cancer.
  • Shares are down 8% premarket.
  • Previously: Lexicon Pharmaceuticals EPS misses by $0.16, misses on revenue (July 31)

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