Lexicon Pharmaceuticals proposes $95 million underwritten public offering of common stock

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced that it is offering to sell, subject to market and other conditions, $95,000,000 of its common stock pursuant to an effective shelf registration statement in an underwritten public offering.  Lexicon also intends to grant the underwriters a 30-day option to purchase up to an additional $14,250,000 of common stock to cover over-allotments, if any.  All of the shares in the offering are to be sold by Lexicon.  Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. will be acting as joint book-runners for the offering, with Cowen and Company, LLC and Thomas Weisel Partners LLC acting as co-managers.