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With $260m Settlement From Sanofi, Lexicon Looks For New Zynquista Partner

 
• By Joseph Haas

Sanofi terminated its alliance for the SGLT1/2 inhibitor Zynquista, giving Lexicon full control of development in type 1 and type 2 diabetes, but it is seeking a new partner ideally with a European footprint.

Businessman-puzzle
The Lexicon/Sanofi split is finalized two months after the French pharma said it wanted out

The outcome has been clear for the doomed Sanofi/Lexicon Pharmaceuticals Inc. diabetes partnership since late July, but the final settlement means Lexicon will now receive more than $260m from the French pharma as well as full control of the development of sotagliflozin in both type 1 and type 2 diabetes.

On 10 September, Lexicon told an investor call that it had reached a settlement to terminate its 2015 collaboration with Sanofi, getting full rights to sotagliflozin as well as $208m immediately, with another $52m to follow in the next 12 months

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