Significant Revenue Increase
Lexicon reported $28.9 million in revenue for Q2 2025, compared to $1.6 million in Q2 2024, primarily driven by a $27.5 million licensing revenue from Novo Nordisk.
R&D Progress
All lead R&D programs are on track, with notable progress in pilavapadin's Phase IIb study, LX9851's IND-enabling studies, and the acceleration of sotagliflozin's Phase III SONATA study.
Strategic Partnerships
Lexicon is benefiting from strong partnerships with Novo Nordisk for LX9851 and Viatris for sotagliflozin, including new regulatory filings and approvals in various countries.
Cost Reduction and Financial Health
Operating expenses decreased by $31.9 million quarter-over-quarter, and the company lowered its operating expense projections for 2025 due to strategic repositioning.