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Today's Research Reports on Stocks to Watch: Lexicon Pharmaceuticals and Adamis Pharmaceuticals

NEW YORK, NY / ACCESSWIRE / June 12, 2017 / Lexicon's shares took off on Friday after the company released positive late-stage type-1 diabetes trial results regarding its novel investigational agent Sotagliflozin. Adamis Pharmaceuticals also saw some gains despite any news, but we're inching closer to June 15th which could be when the FDA decides on the candidate, based on the review timeline of 6 months for resubmissions.

RDI Initiates Coverage on:

Lexicon Pharmaceuticals, Inc.
https://ub.rdinvesting.com/news/?ticker=LXRX

Adamis Pharmaceuticals Corporation
https://ub.rdinvesting.com/news/?ticker=ADMP

Lexicon Pharmaceuticals, Inc.'s shares had a lift off on Friday and closed in the green up 6.77%. The big move came after the company released top-line results from its late-stage type-1 diabetes trial. The Phase 3 inTandem3 study of Lexicon's sotagliflozin showed that it met its primary endpoint. Sotagliflozin is the company's orally-delivered small molecule compound that is currently in development for the treatment of type 1 and type 2 diabetes mellitus. It is an investigational dual SGLT1 and SGLT2 inhibitor. In the 24-week treatment period, results indicated that the compound had a "generally well tolerated safety profile." Lead investigator of the trial, Satish Garg M.D., commented, "The results achieved with sotagliflozin in the inTandem3 study are scientifically and clinically important and significant. If approved, sotagliflozin may potentially be the first option as an adjunct to insulin to improve glycemic control for patients with type 1 diabetes."

Access RDI's Lexicon Pharmaceuticals Research Report at:
https://ub.rdinvesting.com/news/?ticker=LXRX

Adamis Pharmaceuticals Corporation's shares closed up 4.88% on Friday on volume that was considerably larger than usual. There was no remarkable news to explain the move. The company, which develops products in the therapeutic areas of respiratory disease and allergy, has seen its shares rise over 36% YTD. One of the company's most advanced candidates is an Epinephrine Pre-filled Syringe used in emergency treatment for anaphylaxis. Anaphylaxis is an acute allergic reaction to an antigen to which the body has become hypersensitive. It can be fatal. Adamis' Pharma's Epinephrine Pre-filled Syringe was developed under 505(b)(2) regulatory pathway and is designed to be a more cost-effective alternative than Mylan's EpiPen. Investors are waiting for June 15th, as the FDA may decide by then on the candidate. It was previously turned down in 2016 and 2015. Could this time finally be a win?

Access RDI’s Adamis Pharmaceuticals Research Report at:
https://ub.rdinvesting.com/news/?ticker=ADMP

Our Actionable Research on Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) and Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com