International Circuit
Sanofi Ends Partnership With Lexicon To Develop Diabetes Drug
French drugmaker Sanofi SA said on Friday it had terminated its partnership with Lexicon Pharmaceuticals Inc to develop and manufacture a drug for use with insulin in patients with type 1 and type 2 diabetes.
Lexicon shares fell nearly 40% in extended trading.
Sanofi said the termination of the partnership comes after the results of a late stage study of the drug, sotagliflozin.
However, trials of the drug will continue without Lexicon, Sanofi said. – Reuters