Lexicon meets expected results in Phase 3 Trial

Over the past week shares of Lexicon have risen 14% as a continuation move from the early August announcement that telotristat etiprate, an oral treatment for cancer patients with carcinoid syndrome that isn't adequately controlled by the current standard of care, met its primary endpoint in the phase 3 TELESTAR trial. Both doses of the experimental drug (250 mg and 500 mg) led to a statistically significant decline in the number of average daily bowel movements over the course of the 12-week study.
The news was fantastic for Lexicon, which currently lacks a marketed product. Although the Food and Drug Administration will have the final say.