As of May 26, 2023, the FDA has approved INPEFA (sotagliflozin) as a daily oral tablet intended to lower the risk of cardiovascular death, hospitalization for heart failure, and urgent heart failure visits for adults with heart failure or type 2 diabetes mellitus, chronic kidney disease, and other cardiovascular risk factors. This broad label covers heart failure patients with a full range of left ventricular ejection fraction (LVEF), including preserved ejection fraction and reduced ejection fraction, with or without diabetes.
The approval of INPEFA is based on two randomized, double-blind, placebo-controlled Phase 3 cardiovascular outcomes studies on patients with heart failure or at risk of heart failure. These studies, SOLOIST-WHF (Worsening Heart Failure) and SCORED, have enrolled almost 12,000 patients, indicating that INPEFA has reduced the risk of total occurrence of cardiovascular death, hospitalization for heart failure, and urgent heart failure visits by 33% compared to placebo.
INPEFA is expected to be available commercially in the U.S. market by the end of June 2023.
Lexicon Pharmaceuticals Inc. (LXRX) Stock Analysis: Earnings and Revenue Growth Projections in the Health Technology Sector
On May 26, 2023, Lexicon Pharmaceuticals Inc. (LXRX) opened at $2.99, which was higher than the previous day’s close of $2.90. The trading volume was 105,281, which was significantly lower than the average volume of 663,930 over the last three months. The earnings growth for the last year was -2.09%, and for this year, it was -4.49%. However, the earnings growth for the next five years was projected to be +44.51%. The revenue growth for the last year was -53.36%, and the net profit margin was also negative. LXRX operates in the health technology sector and falls under the pharmaceuticals: major industry. The company’s corporate headquarters are located in The Woodlands, Texas.
Lexicon Pharmaceuticals Inc (LXRX) Stock Outlook: Analysts Recommend Buying with Potential 88.98% Increase
On May 26, 2023, Lexicon Pharmaceuticals Inc (LXRX) had a median target price of $6.00, with a high estimate of $10.00 and a low estimate of $3.00. This represents a potential increase of 88.98% from the last price of $3.18. According to CNN Money, the consensus among four polled investment analysts is to buy stock in Lexicon Pharmaceuticals Inc.
Lexicon Pharmaceuticals Inc is a biopharmaceutical company that focuses on the development and commercialization of treatments for various diseases. The company’s pipeline includes drugs for diabetes, carcinoid syndrome, and other conditions.
Investors should keep in mind that the stock market can be volatile, and there are many factors that can affect the performance of a company’s stock. It is important to do thorough research and analysis before making any investment decisions.
Overall, the outlook for Lexicon Pharmaceuticals Inc appears to be positive, with analysts recommending buying the stock. However, investors should keep an eye on the company’s financial performance and any developments in its pipeline to make informed investment decisions.
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