US FDA declines to approve Lexicon Pharma's add-on diabetes drug
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The U.S. FDA has declined to approve Lexicon Pharmaceuticals' add-on drug for type 1 diabetes and chronic kidney disease.
December 20, 2024 | 10:00 pm
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NEGATIVE IMPACT
Lexicon Pharmaceuticals' add-on drug for type 1 diabetes and chronic kidney disease was not approved by the FDA, which could negatively impact the company's stock price.
The FDA's decision not to approve the drug is a significant setback for Lexicon Pharmaceuticals, as it affects their product pipeline and potential revenue from this drug. This news is likely to lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100