Lexicon Pharma Q3 net loss narrows as R&D costs drops

Reuters11-06
Lexicon Pharma Q3 net loss narrows as R&D costs drops

Overview

  • Lexicon Q3 2025 total revenue increased to $14.2 mln, driven by licensing revenue

  • Net loss for Q3 2025 was $12.8 mln, significantly lower than Q3 2024

  • R&D expenses decreased to $18.8 mln due to lower external research costs

Outlook

  • Lexicon expects 2026 to be pivotal for strategic initiatives

  • FDA feedback on Zynquista resubmission expected in Q4 2025

  • Novo Nordisk preparing IND submission for LX9851, triggering potential milestone payments

Result Drivers

  • LICENSING REVENUE - Increase in Q3 2025 revenue attributed to licensing agreement with Novo Nordisk

  • EXPENSE REDUCTION - Decrease in R&D and SG&A expenses due to strategic repositioning and reduced marketing efforts

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Product Revenue

$1.01 mln

Q3 EPS

-$0.04

Q3 Net Income

-$12.77 mln

Q3 Basic EPS

-$0.04

Q3 Operating Expenses

$26.37 mln

Q3 Operating Income

-$12.19 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Lexicon Pharmaceuticals Inc is $1.90, about 27.4% above its November 5 closing price of $1.38

Press Release: ID:nGNX8DQckG

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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