Lexicon Pharma (LXRX): PDUFA Date Extension A Speedbump, First Pass Approval Still Likely - Wedbush

September 15, 2016 6:35 AM EDT
Get Alerts LXRX Hot Sheet
Price: $16.19 --0%

Rating Summary:
    5 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 8
Trade LXRX Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Wedbush analyst, Liana Moussatos, reiterated her Outperform rating on shares of Lexicon Pharmaceuticals (NASDAQ: LXRX). The analyst believes the three month PDUFA date delay for telotristat etiprate in carcinoid syndrome is minor and no announcement of an advisory committee meeting is a positive signal for the approval chances of the drug. Given the robustness of the data package, the analyst continues to expect first pass approval.

No change to the price target of $33.

For an analyst ratings summary and ratings history on Lexicon Pharmaceuticals click here. For more ratings news on Lexicon Pharmaceuticals click here.

Shares of Lexicon Pharmaceuticals closed at $18.83 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, FDA

Related Entities

Liana Moussatos, PDUFA

Add Your Comment