Lexicon Pharmaceuticals Hires CFO

Woodlands-based Lexicon Pharmaceuticals reported this morning that it has hired Ajay Bansal as executive vice president of corporate development and chief financial officer. The company credited Bansal with more than 20 years of experience in the biotechnology and pharmaceutical industries. Most recently, Lexicon noted, he was CFO and executive vice president of corporate and business development for Tercica Inc., which Ipsen acquired in 2008. Before that, Lexicon continued, he spent three years as CFO of Nektar Therapeutics. Bansal has also enjoyed stints with Capital One Financial, Mehta Partners LLC, Novartis AG, Arthur D. Little, McKinsey & Co. and ZS Associates, Lexicon added.