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flag Lexicon Pharmaceuticals and Lexeo Therapeutics each raise $250M and $95M in oversubscribed private placements.

flag Lexicon Pharmaceuticals and Lexeo Therapeutics each announced oversubscribed private placements totaling $250M and $95M, respectively. flag Lexicon plans to issue Series A Convertible Preferred Stock to accredited investors, while Lexeo Therapeutics will sell common stock to institutional and healthcare investors. flag Both private placements aim to extend their respective companies' runways and support their ongoing clinical programs.

13 months ago
5 Articles