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Auxilium Pharmaceuticals, Inc. Announces First Quarter 2011 Financial Results and Operational Highlights

Forward-looking statements often address Auxilium's expected future financial position or business strategy and plans and objectives of management for future operations. Forward-looking statements provide Auxilium's current expectations or forecasts of future events. Auxilium's performance and financial results could differ materially from those reflected in these forward-looking statements due to various risks and uncertainties.

A more detailed list and description of the risks and uncertainties that Auxilium faces may be found under the heading "Risk Factors" in Auxilium's Annual Report on Form 10-K for the year ended December 31, 2010, which is on file with the Securities and Exchange Commission. Given these risks and uncertainties, any or all of the forward-looking statements contained in this release may prove to be incorrect. Therefore, you should not rely on any such factors or forward-looking statements. Auxilium undertakes no obligation to update publicly any forward-looking statement.  

James E. Fickenscher
Chief Financial Officer, Auxilium Pharmaceuticals, Inc.
William Q. Sargent Jr.
Vice-President, Investor Relations and Corporate Communications


Condensed Consolidated Statement of Operations

(In thousands, except share and per share amounts)

(Unaudited)Three Months Ended March 31,20112010Net revenues

45,480Operating expenses*:Cost of goods sold

11,2529,451Research and development

15,7548,479Selling, general and administrative

43,15936,103Total operating expenses

70,16554,033Loss from operations

(11,796)(8,553)Interest Income (expense), net

(50)(56)Net loss

(8,609)Basic and diluted

SOURCE Auxilium Pharmaceuticals, Inc.
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