Reuters: Global Markets: Lexicon diabetes drug meets trial goal, shares up

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Lexicon diabetes drug meets trial goal, shares up Jun 25th 2012, 11:33 Mon Jun 25, 2012 7:33am EDT (Reuters) - Lexicon Pharmaceuticals Inc said its experimental diabetes drug, along with metformin, reduced average blood glucose levels compared with a placebo in a mid-stage trial. The company said the side effects of LX4211, its experimental oral drug for type 2 diabetes patients, were mild to moderate, similar to placebo. Four adverse events reported during the trial were not treatment related. Patients were concurrently treated with widely used diabetes therapy metformin. Lexicon is planning to conduct a late-stage trial in the first half of 2013. The Woodlands, Texas-based company's shares, which were trading at $1.58 after it reported its first-quarter result, were up 9 percent at $2.08 in premarket trading. They closed at $1.91 on the Nasdaq on Friday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions