Jul. 21 at 10:00 PM
$LXRX Its a matter of attitude and comfort zone at Lexi!
CORT, my other biotech holding, got the CRL at the end of 2025, they had a type-D meeting with NDA, announced plan to resubmit in mid May, and actually resubmitted in June. Its stock not only fully recovered, but shut up to new heights (with a 2nd ovarian cancer drug approved adding to the mix).
Lexi's team only has to deal with RD, who paid them good salaries. They just don't have the fire in their eyes getting things done. I thought ME steps in to change the culture - apparently not good enough!
Lexi has similar or more ST to LT catalysts as CORT, and their SP trajectories should be similar, but not. The difference is attitude and comfort zone. Frustrating to say the least! Still a believer in Sota/LX9211/LX985, with patience running out though!