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Lexicon Pharmaceuticals Provides Clinical Pipeline Update And Reports 2013 Second Quarter Financial Results
Date:7/30/2013

con's actual results to be materially different from any future results expressed or implied by such forward-looking statements.  Information identifying such important factors is contained under "Risk Factors" in Lexicon's annual report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission.  Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

 

 Lexicon Pharmaceuticals, Inc.
Selected Financial DataConsolidated Statements of Operations DataThree Months EndedJune 30,Six Months EndedJune 30,(In thousands, except per share data)2013201220132012(unaudited)(unaudited)Revenues:Collaborative research$
211$
99$
495$
351Subscription and license fees3-79148Total revenues214199574499Operating expenses:Research and development, including stock-based compensation of $1,022, $915, $2,352 and $1,952, respectively23,69219,35544,01942,392Increase in fair value of Symphony Icon, Inc. purchase liability4772,1621,7414,243General and administrative, including stock-based compensation of $847, $680, $1,626 and $1,361, respectively4,6694,1628,9938,727Total operating expenses28,83825,67954,75355,362Loss from operations(28,624)(25,480)(54,179)(54,863)Interest income445897114Interest expense(496)(530)(1,002)(1,067)Other income (expense), net(4)213017Consolidated net loss$
(29,080)$  (25,931)$
(55,054)$
(55,799)Consolidated net loss per common share, basic and diluted$  (0.06)$  (0.05)$  (0.11)$  (0.12)Shares used in computing net loss attributable to Lexicon Pharmaceuticals, Inc.  per common share, basic and diluted513,083480,634512,757480,479 Consolidated Balance Sheet DataAs of June 30,As of December 31,(In thousands)20132012(unaudited)Cash and investments

$
75,378$
223,208Property and equipment, net

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SOURCE Lexicon Pharmaceuticals, Inc.
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