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Lexicon Pharmaceuticals Reports On Clinical Program Status And 2012 First Quarter Results
Date:5/3/2012

s other potential drug candidates, advance additional candidates into preclinical and clinical development, obtain necessary regulatory approvals, achieve its operational objectives, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its drug candidates, that may cause Lexicon's actual results to be materially different from any future results expressed or implied by such forward-looking statements.  Unless specifically indicated otherwise, results reported as trends were not statistically significant. 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, 2011, 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 Data Consolidated Statements of Operations DataThree Months EndedMarch 31,(In thousands, except per share data)20122011(unaudited)Revenues:Collaborative research................................................................ $
52$
516Subscription and license fees...................................................... 14880Total revenues...................................................................... 300596Operating expenses:Research and development, including stock-based compensationof $1,037 and $839, respectively........................................... 23,03723,921Increase in fair value of Symphony Icon, Inc. purchase liability 2,0811,058General and administrative, including stock-based compensationof $681 and $633, respectively.............................................. 4,5654,753Total operating expenses...................................................... 29,6
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SOURCE Lexicon Pharmaceuticals, Inc.
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