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February 3, 2026 • 1-minute read
Vinson & Elkins advised Lexicon Pharmaceuticals, Inc. (“Lexicon”), a biopharmaceutical company, in an offering of its securities consisting of an underwritten public offering of its common stock and concurrent private placements of common stock and Series B convertible preferred stock, for total gross proceeds of approximately $94.6 million. Lexicon has granted each of the underwriters and the private investor the option to purchase additional shares, for expected additional aggregate gross proceeds of $18.1 million. The base transactions closed on February 2, 2026.
The Vinson & Elkins Corporate team was led by Partners David Oelman and Jackson O’Maley, with assistance from Associates John Frey, Rylie Goldwait, Graham Buck, and Matt Turk. Also advising were Partner David D’Alessandro and Counsel Missy Spohn.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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