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Monday, July 29, 2019

Lexicon Shares Fall 47% On Termination Of License Agreement With Sanofi

Lexicon Pharmaceuticals LXRX 67.84% shares plummeted after the company received a written notice from Sanofi SNY 2.49% terminating the agreement for the development and commercialization of the company’s Diabetes drug candidate Sotagliflozin.
Lexicon Pharmaceuticals shares were trading were trading down 47.45% at $2.99 in Monday’s pre-market session. The stock has a 52-week high of $12.95 and a 52-week low of $4.25.

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