Lexicon Pharmaceuticals Inc. Q3 2009 Earnings Call Transcript

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2009-10-27 13:39:09.0

Tags: Call Transcript, Earnings, Trial, Transcript, Lexicon Pharmaceuticals Inc., Financial Accounting, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instruction) You have your first question comes from the line of Allan Corn.

Allan Corn – Unidentified Company

On your diabetic drug.

Arthur Sands

Well I didn’t hear that, something about drugs, the diabetic drug. Okay, go ahead.

Allan Corn – Unidentified Company

How soon do you think will be available for use, where you have a large trial.

Arthur Sands

Well its one step at a time, lets put it that way. I think what we are willing to forecast at this point is that we’ll get results from our first in-patient trial in the first quarter, which is a big step forward for a new entity, and then we’ll make the judgment call based on the data. So that’s about all we can say at this time.

I’ll put it in context though, that’s fairly rapid for the phase 2a program, because we did compress it by doing a trial a four way trial in patients, these are patients that are sequestered in the units that we are monitoring everything, and so I think in a very reasonable time frame we’ll get those results.

Allan Corn – Unidentified Company

Thank you

Arthur Sands

Thank you.

Operator

(Operator Instruction) And there are no further questions. I would now like to turn the call over to Dr. Sands.

Arthur Sands

Well thank you. I anticipate over the next twelve months that we’ll have a lot of questions, and I think that’s true because that’s of course the time frame in which we’ll have these results. We are on stage now to evaluate those, and I’m referring to the slides that have the timeline over the next twelve months for these four trials which we spend a fair amount of time now reviving. So we look forward to keeping you updated as the results flow in, and thank you for you participation. Bye-bye.

Operator

This concludes today’s conference call. You may now disconnect.

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