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Lexicon Share Spike On Carcinoid Syndrome Phase III Data

 
• By Alexandra Shimmings

Lexicon Pharmaceuticals Inc. is looking forward to filing its first US NDA after announcing positive top-line Phase III data for its lead product, telotristat etiprate, in treating cancer patients with carcinoid syndrome inadequately controlled by the current standard of care. Shares in the firm shot up by 47% to $12.41 on NASDAQ the morning of Aug. 1, 2015 following the news.

Lexicon Pharmaceuticals Inc. is looking forward to filing its first US NDA after announcing positive top-line Phase III data for its lead product, telotristat etiprate, in treating cancer patients with carcinoid syndrome inadequately controlled by the current standard of care. Shares in the firm shot up by 47% to $12.41 on NASDAQ the morning of Aug. 1, 2015 following the news.

If successful, the company claims, telotristat etiprate would be the first oral treatment developed for carcinoid syndrome and the first addition to the standard of care (somatostatin analog depot injection)...

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