Other Capital Stock Agreements

12 Months Ended

Dec. 31, 2011

Other Capital Stock Agreements [Abstract]

Other Capital Stock Agreements

Other Capital Stock Agreements

Common Stock: In October 2009, Lexicon completed the public offering and sale of 38,333,332 shares of its common stock at a price of $1.50 per share, resulting in net proceeds of $55.2 million, after deducting underwriting discounts and commissions of $1.9 million and offering expenses of $0.4 million.  Invus purchased 15,455,145 of these shares.  All of the net proceeds of this offering are reflected as issuance of common stock in the accompanying financial statements.

In March 2010, Lexicon completed the public offering and concurrent private placement of 161,770,206 shares of its common stock at a price of $1.15 per share, resulting in net proceeds of $181.5 million, after deducting underwriting discounts and commissions of $4.3 million and offering expenses of $0.3 million.  Invus purchased 94,270,206 of these shares.  All of the net proceeds of this offering are reflected as issuance of common stock in the accompanying financial statements.