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Lexicon Pharmaceuticals Reports 2007 Third Quarter Financial Results
Date:10/30/2007

of new information, future events or otherwise.

Lexicon Pharmaceuticals, Inc.

Selected Financial Data

Three Months Nine Months

Consolidated Statements of Operations Ended Ended

Data September 30, September 30,

(In thousands, except per share data) 2007 2006 2007 2006

(unaudited) (unaudited)

Revenues:

Collaborative research $ 9,712 $ 18,770 $ 34,460 $ 53,427

Subscription and license fees 455 843 1,850 3,305

Total revenues 10,167 19,613 36,310 56,732

Operating expenses:

Research and development, including

stock-based compensation

of $965, $1,101, $3,000,

and $3,355, respectively 24,518 27,010 77,402 81,115

General and administrative,

including stock-based compensation

of $635, $660, $1,830, and $2,011,

respectively 5,091 5,309 15,395 16,276

Total operating expenses 29,609 32,319 92,797 97,391

Loss from operations (19,442) (12,706) (56,487) (40,659)

Interest income 2,166 774 3,811 2,677

Interest expense (694) (817) (2,077) (2,437)

Other expense, net (8) (6) (34) (69)

Loss before noncontrolling

interest in Symphony Icon, Inc. (17,978) (12,755) (54,787) (40,488)

Loss attributable to noncontrolling

interest in Symphony Icon, Inc 3,867 -- 8,170 --

Net loss $(14, 111) $(12,755) $(46,617) $(40,488)

Net loss per common share,

basic and diluted
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SOURCE Lexicon Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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