Lexicon gains exclusivity to neuropathic pain drug being developed with B-MS
Gene-based US drugmaker Lexicon Pharmaceuticals (Nasdaq: LXRX) has acquired exclusive research, development and commercialization rights to LX9211 (BMS-986176), a development candidate for neuropathic pain that was jointly developed with pharma major Bristol-Myers Squibb (NYSE: BMY) as part of their neuroscience drug discovery alliance.
Lexicon’s shares were up 2.85% at $14.79 midmorning, followed the announcement.
Additional small molecule compounds acting through the same target as LX9211 are also included in the exclusive arrangement. LX9211 is currently completing Investigational New Drug (IN-enabling studies, with Phase I clinical trials anticipated to commence during 2017.
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