Maintaining Our Lexicon FVE as Xermelo Sales Ramp and Sotagliflozin Launch Approaches
We’re maintaining our $9.70 fair value estimate for Lexicon Pharmaceuticals following first-quarter results, as slightly disappointing Xermelo sales were countered by lower-than-expected operating expenses. We continue to see very high uncertainty surrounding the value of Lexicon shares; upcoming additional data for SGLT2 inhibitors Forxiga and Jardiance in Type 1 diabetes should give investors a clearer picture of the potential differentiation of Lexicon and partner Sanofi’s sotagliflozin. Lexi...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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