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Auxilium Pharmaceuticals, Inc. Announces Third Quarter 2012 Financial Results
Date:11/7/2012

MALVERN, Pa., Nov. 7, 2012 /PRNewswire/ -- Auxilium Pharmaceuticals, Inc. (Nasdaq: AUXL), a specialty biopharmaceutical company, today announced financial results for the quarter ending on September 30, 2012. The Company also highlighted recent commercial, regulatory and clinical development progress in the third quarter of 2012 and has revised financial guidance for full year 2012.

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For the quarter ended September 30, 2012, Auxilium reported net revenues of $71.0 million, compared to net revenues of $66.7 million in the third quarter of 2011, an increase of 6%. For the third quarter of 2012, U.S. Testim® and XIAFLEX net revenues increased by 3% and 29%, respectively, over the comparable 2011 period. Auxilium reported a net loss of ($10.5) million, or ($0.21) per share, compared to a net loss of ($4.1) million, or ($0.08) per share, reported for the third quarter of 2011.

"In the third quarter of 2012, Auxilium grew net revenues and we continue to expect 2012 to be our first profitable year," said Adrian Adams, Chief Executive Officer and President of Auxilium. "For the remainder of 2012 and beyond, we will maintain focus on strengthening commercial execution and, based on recent encouraging data with both Testim and the TRT market, we continue to anticipate a positive impact from the co-promotion efforts of both Auxilium and GlaxoSmithKline on Testim's growth. "

Third Quarter 2012 and Recent Highlights:

  • On November 7, 2012, Auxilium announced that it has submitted a supplemental Biologics License Application (sBLA) to the U.S. Food and Drug Administration (FDA) for XIAFLEX (collagenase clostridium histolyticum or CCH), a novel, in-office, first-in-class biologic therapy for the potential trea
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  • SOURCE Auxilium Pharmaceuticals, Inc.
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