Other Capital Stock Agreements

12 Months Ended

Dec. 31, 2014

Other Capital Stock Agreements [Abstract]

Other Capital Stock Agreements

Other Capital Stock Agreements

Common Stock: In October 2012, Lexicon sold 17,500,000 shares of its common stock at a price of $2.25 per share in a public offering, resulting in net proceeds of $37.1 million, after deducting underwriting discounts and commissions of $2.0 million and offering expenses of $0.2 million. Invus, L.P., Lexicon’s largest stockholder, purchased 3,000,000 of these shares. All of the net proceeds of this offering are reflected as issuance of common stock in the accompanying financial statements.

In November 2014, Lexicon sold 55,608,930 shares of its common stock at a price of $1.005 per share in a public offering, and sold 149,253,731 shares of its common stock at a price of $1.005 per share in a private placement to Artal International S.C.A, an affiliate of Invus, L.P., resulting in net proceeds of $201.9 million, after deducting underwriting discounts and commissions of $3.4 million and offering expenses of $0.6 million. All of the net proceeds of these offerings are reflected as issuance of common stock in the accompanying financial statements.