Lexicon's 2Q Expenses In Line With Our Forecast; Key Drug Data and Launch Approach
We’re maintaining our $19 fair value estimate for Lexicon following second-quarter results, as key catalysts for the stock are approaching. We think Lexicon’s development-stage pipeline has yet to create a moat, but approval of the firm's two lead drug candidates by 2018 (the first expected in 2016) could allow for continued pipeline productivity and the establishment of a narrow moat.We expect Lexicon to receive Food and Drug Administration approval for telotristat etiprate in carcinoid syndro...
Lexicon Pharmaceuticals is a biopharmaceutical company. The company is commercializing XERMELO? (telotristat ethyl), an orally-delivered small molecule drug for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog (SSA) therapy in adults inadequately controlled by SSA therapy. The company is developing Zynquista? (sotagliflozin), an orally-delivered small molecule drug candidate, as a treatment for type 1 2 diabetes. The company is also developing sotagliflozin as a treatment for type 2 diabetes, heart failure and chronic kidney disease. The company is developing LX9211, an orally-delivered small molecule drug candidate, as a treatment for neuropathic pain.
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