Lexicon Pharmaceuticals, Inc.
|Company Name||Lexicon Pharmaceuticals, Inc.|
On February 28, 2022, Lexicon issued a press release announcing the voluntary withdrawal of the Company’s New Drug Application for its glucose regulation drug, sotagliflozin, in order to correct a technical issue with the submission that had been recently identified by the Company.
On this news, Lexicon’s stock price fell $0.78, or 27.37%, to close at $2.07 per share on February 28, 2022, thereby injuring investors.
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