Lexicon (LXRX) Reports $21.1M Q1 Revenue Driven by Novo Nordisk Milestones
Lexicon Pharmaceuticals Inc. reported a Q1 2026 revenue of $21.1 million, a substantial increase from $1.3 million year-over-year, largely due to a $20.0 million milestone payment from its Novo Nordisk partnership. The company significantly reduced its net loss to $1.0 million and strengthened its financial position with $199.7 million in cash and a new $100 million loan facility. Lexicon is also advancing its clinical pipeline with studies for sotagliflozin and pilavapadin, and plans to resubmit its NDA for ZYNQUISTA.