Lexicon Stock Soars 4.60% on Novo Nordisk Deal!
Friday, Jun 6, 2025 5:04 am ET1min read
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Lexicon Pharmaceuticals, Inc. surged 4.60% in premarket trading, following an exclusive licensing agreement with Novo NordiskNVO-- for $45 million in funding to advance obesity research, progress in the PROGRESS IIb phase study of pilavapadin for DPNP, and cost structureGPCR-- adjustments that reduced sales, general, and administrative expenses to $11.6 million.
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