“New PDUFA date is expected to be December 20, 2024. Advisory Committee voted 11 to 3 that the benefits of Zynquista do not outweigh the risks in adults with T1D and CKD, noted November 1, 2024.”
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james beets
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Alot of those who voted no noted it's help in certain subgroups of patients, so limited approval will still be decent!
Lexicon Pharmaceuticals' significant private equity firms ownership suggests that the key decisions are influenced by shareholders from the larger public
The top 2 shareholders own 62% of the company Institutional ownership in Lexicon Pharmaceuticals is 33%
Every investor in Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) should be aware of the most powerful shareholder groups. With 48% stake, private equity firms possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.”
james beets : Alot of those who voted no noted it's help in certain subgroups of patients, so limited approval will still be decent!
Lnova OP james beets : “Key Insights
Lexicon Pharmaceuticals' significant private equity firms ownership suggests that the key decisions are influenced by shareholders from the larger public
The top 2 shareholders own 62% of the company
Institutional ownership in Lexicon Pharmaceuticals is 33%
Every investor in Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) should be aware of the most powerful shareholder groups. With 48% stake, private equity firms possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.”
Painful Week for Private Equity Firms Invested in Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) After 24% Drop, Institutions Also Suffered Losses
Lnova OP james beets : I wonder who is on the advisory committee, whether it’s the top shareholders referenced in article above
Lnova OP james beets : maybe more info will come out about it tomorrow… catalyst date given is December 20th