On August 3, the company reported positive results from its TELESTAR Phase 3 clinical trials. Results showed that the oral version of one of its main drugs candidate’s telotristat etiprate or LX1032 delivers a clinical benefit beyond what is possible with the current standard of care in the treatment of carcinoid syndrome patients. This is an addressable market that could see peak sales of $400 million to $550 million. The company also has other “shots on goal” and a market capitalization of just $1.3 billion.
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