Consolidated Statements of Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Revenues: | ||
Collaborative agreements | $ 1,792us-gaap_ContractsRevenue | $ 172us-gaap_ContractsRevenue |
Subscription and license fees | 0us-gaap_LicensesRevenue | 105us-gaap_LicensesRevenue |
Total revenues | 1,792us-gaap_Revenues | 277us-gaap_Revenues |
Operating expenses: | ||
Research and development, including stock-based compensation of $1,104 and $1,458, respectively | 20,865us-gaap_ResearchAndDevelopmentExpense | 23,953us-gaap_ResearchAndDevelopmentExpense |
Increase in fair value of Symphony Icon, Inc. purchase liability | 1,753lxrx_ChangeInFairValueOfSymphonyIconIncPurchaseLiability | 1,142lxrx_ChangeInFairValueOfSymphonyIconIncPurchaseLiability |
General and administrative, including stock-based compensation of $849 and $792, respectively | 5,701us-gaap_GeneralAndAdministrativeExpense | 5,654us-gaap_GeneralAndAdministrativeExpense |
Total operating expenses | 28,319us-gaap_OperatingExpenses | 30,749us-gaap_OperatingExpenses |
Loss from operations | (26,527)us-gaap_OperatingIncomeLoss | (30,472)us-gaap_OperatingIncomeLoss |
Interest expense | (1,702)us-gaap_InterestExpense | (457)us-gaap_InterestExpense |
Interest and other income, net | 153us-gaap_OtherNonoperatingIncomeExpense | 94us-gaap_OtherNonoperatingIncomeExpense |
Consolidated net loss | (28,076)us-gaap_NetIncomeLoss | (30,835)us-gaap_NetIncomeLoss |
Consolidated net loss per common share, basic and diluted | $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.06)us-gaap_EarningsPerShareBasicAndDiluted |
Shares used in computing consolidated net loss per common share, basic and diluted | 724,613us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 513,955us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
Unrealized gain on investments | 86us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | 8us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax |
Comprehensive loss | $ (27,990)us-gaap_ComprehensiveIncomeNetOfTax | $ (30,827)us-gaap_ComprehensiveIncomeNetOfTax |
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- Definition
This item represents the change in fair value of the Symphony Icon, Inc. purchase liability. In connection with the acquisition of Symphony Icon, Lexicon made an initial estimate of the fair value of the liability for the associated based and contingent payments. Changes in this liability, based on the development of the programs and the time until such payments are expected to be made, are recorded in Lexicon's consolidated statements of operations. No definition available.
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period arising from products sold or services provided under the terms of a contract, not elsewhere specified in the taxonomy. May include government contracts, construction contracts, and any other contract related to a particular project or product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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