FDA Approves Lexicon’s INPEFA for Treatment of Heart Failure

May 30, 2023

(24/7 MARKET NEWS) – Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) announced, after Friday’s market close, that the U.S. Food and Drug Administration (FDA) approved INPEFA (sotagliflozin), a once-daily oral tablet to reduce the risk of cardiovascular death, hospitalization for heart failure, and urgent heart failure visit in adults with heart failure or type 2 diabetes mellitus, chronic kidney disease, and other cardiovascular risk factors.

Lexicon Pharmaceuticals is trading at $3.38, up $0.20 (+6.29%), on 2.23M premarket shares traded.

Its 52-week range is $1.31 to $3.789. Its premarket high is $4.50. If this can get back above $3.50 and the trading volume increases, it seems like a new 52-week high is likely.

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