Streetbeat News

LXRX

Lexicon Pharmaceuticals, Inc.

https://www.lexpharma.com

Industry

Biotechnology

Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products. Its orally-delivered small molecule drug candidates under development comprise Sotagliflozin that completed Phase III clinical trials for the for the treatment of heart failure and type 1 diabetes; and LX9211, which is in Phase II clinical development for the treatment of neuropathic pain. The company has strategic collaboration and license agreements with Bristol-Myers Squibb Company, and Genentech, Inc. Lexicon Pharmaceuticals, Inc. was incorporated in 1995 and is headquartered in The Woodlands, Texas.

Open

1.30

Mkt cap

459M

Volume

2.9M

High

1.32

P/E Ratio

-1.63

52-wk high

3.73

Low

1.20

Div yield

N/A

52-wk low

0.92

Lexicon Pharmaceuticals announced the retirement of its CEO, Lonnel Coats. The company, known by its ticker LXRX, has not yet named a successor.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:05 pm

Needham analyst Joseph Stringer has reiterated a Hold rating on Lexicon Pharmaceuticals (NASDAQ:LXRX), indicating no change in the firm's stance towards the stock.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:48 am

Matterport, Inc. (MTTR) shares surged following the announcement of its acquisition by CoStar Group, Inc. (CSGP) for an estimated $1.6 billion. Other stocks like Sea Limited (SE), Ingevity Corporation (NGVT), and MicroStrategy Incorporated (MSTR) also recorded significant gains, driven by upgrades, analyst recommendations, and the rise in Bitcoin, respectively.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 2:10 pm

Needham analyst Joseph Stringer has reiterated a Hold rating on Lexicon Pharmaceuticals (NASDAQ:LXRX), indicating no change in the firm's stance towards the stock.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:20 am

Cintas Corporation reported better-than-expected Q3 financial results, leading to a 9.7% rise in its shares. Other companies like PaySign, Noah Holdings, and NuScale Power also saw significant gains after positive financial reports or upgrades. Notably, Merck received FDA approval for a new treatment, contributing to a 4.4% increase in its stock price.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 2:03 pm

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) announced four presentations on sotagliflozin at the American College of Cardiology session, highlighting its efficacy in reducing stroke and heart attack risk among patients with type 2 diabetes, CKD, and high CV risk. The FDA approved sotagliflozin in 2023 for reducing cardiovascular death and hospitalization in adults with heart failure or type 2 diabetes, CKD, and other cardiovascular risk factors.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:25 pm

ACADIA Pharmaceuticals' shares fell sharply in pre-market trading after its Phase 3 trial for schizophrenia treatment failed to meet the primary endpoint. Other stocks like Ocular Therapeutix, Aeva Technologies, and Asana also saw declines due to various reasons including poor financial results and reverse stock split announcements.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 9:36 am

U.S. stocks showed mixed performance with the Dow Jones index rising slightly, while the NASDAQ and S&P 500 fell. Materials shares led gains, while industrials lagged. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases following positive news. Conversely, Eltek, Genie Energy, and Ventyx Biosciences experienced notable declines. Oil prices dipped slightly, while gold and silver saw gains.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 6:44 pm

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Materials shares rose, while industrials fell. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases, while Eltek, Genie Energy, and Ventyx Biosciences experienced declines. Oil and gold prices edged higher.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 4:15 pm

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