Lexicon Pharmaceuticals Gets $10 Million Novo Nordisk Milestone Payment for LX9851

MT newswire2026/08/24 13:01

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09:01 AM EDT, 08/24/2026 (MT Newswires) -- Lexicon Pharmaceuticals (LXRX) has received a third $10 million milestone payment from Novo Nordisk (NVO) following a key patient dosing milestone in the phase 1 program for LX9851, the company said Monday. Lexicon has earned $75 million of up to $1 billion in potential upfront, development, regulatory and commercial milestone payments, the company said. The phase 1 program is evaluating the safety, tolerability, pharmacokinetics and pharmacodynamics of single and multiple doses of LX9851 compared with placebo in adults who are overweight or obese, Lexicon Pharmaceuticals said. Lexicon is also eligible for tiered royalties on future net sales of LX9851, the company said. Shares of Lexicon Pharmaceuticals were 3% higher in Monday premarket activity.

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