THE WOODLANDS, Texas, June 13 /PRNewswire-FirstCall/ -- Lexicon Genetics Incorporated (Nasdaq: LEXG - News) announced today that it has received a commitment for up to $75 million in common stock equity financing from Azimuth Opportunity Ltd. During the 18-month term of this equity financing commitment, Lexicon may sell registered shares of its common stock at its sole discretion to Azimuth Opportunity at a small, pre-negotiated discount to the market price. Acqua Capital Management Company is an advisor to Azimuth Opportunity.
