Lexicon completed enrollment in the 542-patient Phase 3 Sonata HCM trial, with top-line results expected in the first quarter of 2027, and plans to resubmit the Zenquista NDA for type 1 diabetes in the same quarter.
LXRX · Lexicon Pharmaceuticals, Inc.
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Lexicon Pharmaceuticals reported revenues of $33.0 million for the nine months ended September 30, 2026, down from $44.3 million, while net loss widened to $46.8 million from $34.8 million. Cash, cash equivalents, short-term investments and restricted cash totaled $183.2 million.
Lexicon Pharmaceuticals, Inc. completed SONATA-HCM enrollment with 542 patients, substantially exceeding planned enrollment, and expects topline results in the first quarter of 2027; ZYNQUISTA NDA resubmission is also anticipated in the first quarter of 2027.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Lexicon completed enrollment (significantly over-enrolled) in its Phase 3 SONATA-HCM study of sotagliflozin in HCM, with top-line data expected in Q1 2027, and reiterated 2026 operating expense guidance of $100-$110 million; however, ZYNQUISTA NDA resubmission in type 1 diabetes has shifted to Q4 2026, described as a slight delay from prior timeline.
- + Completed and significantly over-enrolled Phase 3 SONATA-HCM study, with top-line data expected Q1 2027
- + Steno-1 study nearing FDA exposure and DKA thresholds, supporting ZYNQUISTA NDA resubmission in Q4 2026
- + Novo Nordisk progressing LX9851 Phase 1, with potential third $10 million milestone payment later this year
- + Viatris expanding ex-U.S./Europe regulatory approvals and submissions for sotagliflozin in heart failure
- − ZYNQUISTA NDA resubmission shifted to Q4 2026, a slight delay from prior timeline
- − Q2 2026 net loss of $31.8 million vs. net income of $3.3 million in prior year quarter, including $4.3 million loss on early extinguishment of debt
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Versus peers
Biotechnology — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LXRX
this stock
Lexicon Pharmaceuticals, Inc.
|
$796.97M | +55.7% | +60.2% | — | 5.8% |
|
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$136.56B | +18.8% | +46.2% | 34.7 | 1.9% |
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$98.84B | +23.8% | +20.8% | 21.1 | 2.1% |
|
MRNA
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$90.38B | +657.4% | +4.3% | — | 8.2% |
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$66.05B | — | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 21
Lexicon Pharmaceuticals reported revenues of $33.0 million for the nine months ended September 30, 2026, down from $44.3 million, while net loss widened to $46.8 million from $34.8 million. Cash, cash equivalents, short-term investments and restricted cash totaled $183.2 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LXRX | +0.6% | +17.8% | -13.1% | +26.1% | +55.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -2.0% | +18.9% | -13.6% | +26.2% | +45.0% |