Lexicon Pharmaceuticals Inc

NASDAQ:LXRX   1:22:09 PM EDT
4.23
+0.03 (+0.71%)
Debt Financing / Related

Lexicon Pharmaceuticals Inc Says On September 25 And 28, 2020, Co Entered Into Separate, Privately Negotiated Exchange Agreements

Published: 09/29/2020 12:31 GMT
Lexicon Pharmaceuticals Inc (LXRX) - Lexicon Pharmaceuticals Inc - on September 25 and 28, 2020, Co Entered Into Separate, Privately Negotiated Exchange Agreements.
Lexicon Pharma - Co Agreed to Exchange $13.25 Million of Its Outstanding 5.25% Convertible Senior Notes Due 2021 From Certain Holders.
Lexicon Pharmaceuticals Inc - Exchange of Notes for 1.6 Million Shares and $8.98 Million in Cash.
Lexicon Pharma - After Exchange Transactions, Co Will Be Sufficient to Fund Its Currently Planned Operations for at Least Next 12 Months.