Lexicon Pharmaceuticals, Inc.'s Drug Candidate LX1032 for Carcinoid Syndrome Successfully Completes Phase 1 Clinical Trials

THE WOODLANDS, Texas, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Lexicon Pharmaceuticals, Inc. (Nasdaq:LXRX), a biopharmaceutical company focused on discovering and developing breakthrough treatments for human disease, announced today that it has successfully completed a second Phase 1 clinical trial of LX1032, an orally-delivered small molecule drug candidate for managing gastrointestinal symptoms associated with carcinoid syndrome. Based on the results from this study, Lexicon is planning to initiate a Phase 2 study in patients with carcinoid syndrome. LX1032 will be Lexicon's third drug candidate to progress to Phase 2 clinical trials.