Jobs to go in Lexicon changes
Texas-based Lexicon Pharmaceuticals (Nasdaq: LXRX) has announced that, following a strategic review of the company’s commercial and pipeline programs, it will refocus resources across the portfolio and cut jobs.
As a result, the company will focus only on targeted promotion of Inpefa (sotagliflozin) in heart failure and reallocate resources to effectively support the potential commercial launch of Zynquista (sotagliflozin) for improvement of glycemic control in adults with type 1 diabetes and chronic kidney disease (CKD).
There will be a reduction of headcount by more than 75, or approximately 50% of Lexicon’s current field force, by the end of the third quarter of this year.
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