Lexicon Pharmaceuticals Announces Topline Results from Phase 2b PROGRESS Study Evaluating Pilavapadin (LX9211) in Adults with Diabetic Peripheral Neuropathic Pain
1. Pilavapadin showed meaningful pain reduction and good tolerability in Phase 2b study. 2. Lexicon advances 10 mg dose of pilavapadin into Phase 3 development for DPNP. 3. Results indicate a multibillion-dollar market opportunity for neuropathic pain treatments. 4. Adverse events were mild; notable at higher doses but tolerable at 10 mg. 5. Conference call to discuss results scheduled, indicating high company confidence.