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Lexaria Bioscience ( (LEXX) ) has shared an update.
Lexaria Bioscience is positioning its DehydraTECH technology as a key player in the rapidly expanding GLP-1 drug market, which is projected to exceed $150 billion by 2030. The company aims to address the prevalent adverse gastrointestinal events associated with existing GLP-1 drugs by significantly reducing these side effects, thereby enhancing patient safety. This strategic move places Lexaria in a competitive position within the ‘arms race’ of pharmaceutical companies seeking to capitalize on the growing demand for obesity and diabetes control drugs.
The most recent analyst rating on (LEXX) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Lexaria Bioscience stock, see the LEXX Stock Forecast page.
More about Lexaria Bioscience
Lexaria Bioscience Corp. is a global innovator in drug delivery platforms, known for its patented DehydraTECH technology. This technology enhances drug absorption and performance, reduces side effects, and improves delivery across the blood-brain barrier. Lexaria operates a licensed research laboratory and holds a robust intellectual property portfolio with 50 granted patents worldwide.
Average Trading Volume: 139,812
Technical Sentiment Signal: Sell
Current Market Cap: $17.21M
See more data about LEXX stock on TipRanks’ Stock Analysis page.