Lexicon (LXRX) announced that patient screening has been completed in the Phase 2b PROGRESS clinical trial evaluating the company’s AAK1 inhibitor, LX9211, for the treatment of Diabetic Peripheral Neuropathic Pain, and the company expects to complete enrollment of adult T1D or T2D patients suffering from moderate to severe DPNP ahead of schedule, and report topline data in 1Q25, instead of 2Q25, H.C. Wainwright tells investors in a research note. The firm is “glad” PROGRESS is moving ahead in a timely manner and looks forward to updates about enrollment, dosing, and data updates. H.C. Wainwright made no change to its Buy rating or $10 price target
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