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Auxilium Pharmaceuticals, Inc, Announces Second Quarter 2013 Financial Results
Date:8/1/2013

s.  A description of the non-GAAP calculations and reconciliation to the closest comparable GAAP measures, as well as the Company's rationale for the utility to investors of the non-GAAP measures it has elected to report, are provided in tables 1 and 2. 

"In the second quarter of 2013, Auxilium achieved strong growth and record net revenues, and we are confident of  achieving the $20 million synergy target we have set for  2014 from the integration of Actient," said Adrian Adams, Chief Executive Officer and President of Auxilium.  "For the remainder of 2013 and beyond, we will continue to focus on delivering excellence in execution with a new commercial structure and a broader and more diversified product portfolio.  We also look forward to the upcoming PDUFA date for XIAFLEX for the treatment of Peyronie's disease and are planning a potential launch in the U.S. in the fourth quarter, pending FDA approval for this indication."

Second Quarter 2013 and Recent Highlights:

  • Today, Auxilium and GlaxoSmithKline LLC are announcing the mutual termination of our U.S. co-promotion of Testim for the treatment of male hypogonadism effective tomorrow. 
  • Auxilium is also announcing today that it has finalized its plans for its new sales force allocation.  Moving forward the Company will utilize three field forces with a total of approximately 255 territories.  The Primera sales force will consist of approximately 150 territories and will be responsible for Testim and Edex.  The Innovia sales force will consist of approximately 60 territories and will be responsible for selling Testopel and Osbon ErecAid.  The Innovia sales force will also have primary responsibility for selling XIAFLEX in Peyronie's disease, assuming this indication receives approval by the U.S. FDA.  The Agilis sales force will be responsible for selling XIAFLEX in Dupuytren's contracture and will consist of approximatel
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