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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: scaram(o)uche who wrote (3543)7/16/2003 3:57:18 AM
From: nigel bates of 4974
 
With Onyx and this, we must now be up to 'P' at the very least...

THE WOODLANDS, Texas, July 16 /PRNewswire-FirstCall/ -- Lexicon Genetics Incorporated (Nasdaq: LEXG - News) today announced it plans to sell 10.0 million shares of its common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The underwriters have the option to purchase up to an additional 1.5 million shares of common stock from Lexicon to cover over-allotments, if any. Lexicon currently intends to use the net proceeds for research and development.

The offering will be joint lead managed by Morgan Stanley & Co. Incorporated and UBS Securities LLC. CIBC World Markets Corp. and Punk, Ziegel & Company, L.P. will also serve as managing underwriters for the offering. Morgan Stanley will serve as sole bookrunner for the offering.
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