Lipocine Achieves 80% Enrollment in Phase 3 PPD Trial, On Track for 2026 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Significant Recruitment Progress: Lipocine has achieved 80% enrollment in its ongoing Phase 3 clinical trial for LPCN 1154, with 66 out of 80 participants randomized, indicating a strong unmet medical need in postpartum depression (PPD) and enhancing the company's competitive position in the mental health market.
- Safety Monitoring Schedule: The second independent Data Safety Monitoring Board (DSMB) meeting is planned for early January 2026, and following the first review, the board recommended that the trial continue as planned, suggesting initial safety and efficacy have been recognized.
- Positive FDA Feedback: The trial is being conducted entirely in an outpatient setting, aligning with constructive feedback from the FDA, aiming to provide rapid and effective treatment for postpartum depression, which could become the first-line treatment option addressing patients' urgent need for quick improvement.
- Huge Market Potential: A recent survey by Truist Securities indicates that approximately 20-40% of obstetricians believe their patients may suffer from PPD, positioning Lipocine's LPCN 1154 to fill this market gap and offering significant commercialization potential.
Analyst Views on LPCN
Wall Street analysts forecast LPCN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LPCN is 6.88 USD with a low forecast of 6.75 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 10.380
Low
6.75
Averages
6.88
High
7.00
Current: 10.380
Low
6.75
Averages
6.88
High
7.00
About LPCN
Lipocine Inc. is a biopharmaceutical company leveraging its proprietary technology platform to enable effective oral delivery of therapeutics. The Company’s clinical development candidates include: LPCN 1154, oral brexanolone, for the treatment of postpartum depression, LPCN 2101, for the treatment of epilepsy, LPCN 2203, an oral candidate targeted for the management of essential tremor, LPCN 2401, an oral proprietary anabolic androgen receptor agonist for improved body composition in obesity management, and LPCN 1148, for the management of decompensated cirrhosis. It is also developing LPCN 1107, for the prevention of preterm birth, LPCN 1154, for rapid relief of postpartum depression, and LPCN 1144, for the treatment of metabolic dysfunction-associated steatohepatitis. Its product candidate, TLANDO, is a novel oral prodrug of testosterone containing testosterone undecanoate developed by the Company.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








