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Auxilium Pharmaceuticals Completes Acquisition Of Actient Holdings LLC To Create A Leading Urology Franchise With A Diversified Product Portfolio And Strong Growth Profile
Date:4/29/2013

our shareholders," said Adrian Adams , Chief Executive Officer and President of Auxilium.  "This is a compelling fit from both a strategic and financial standpoint.  The transaction creates a leading urology franchise with a diversified product portfolio and sales force leverage that is well positioned for growth of our current portfolio as we pursue the potential expansion of our label for XIAFLEX® in Peyronie's disease.  From a financial perspective, we expect Actient to be immediately accretive on a non-GAAP basis to our 2013 adjusted net income and to yield a strong return on invested capital.  We believe this transaction will help enable us to increasingly drive our future earnings growth."

Ed Fiorentino , Chief Executive Officer of Actient, commented "We are excited to join the Auxilium team and look forward to what we can accomplish together.  As part of a larger company with enhanced capabilities, we will offer our urology customers a wider range of solutions, and our other specialty pharmaceutical products should have greater opportunities to grow.  Actient and Auxilium share a culture of innovation and a strong focus on our physician customers and patients.  I am confident that this is a winning combination for our customers and the patients we collectively serve as we continue to fulfill our mission of improving patient outcomes."

Adams concluded, "We are pleased to welcome the Actient team to the Auxilium family.  Together we will remain focused on satisfying unmet medical needs to provide the highest quality care to our patients."

Expected Benefits of the Transaction

  • Creates a Leading Urology Franchise.  Together, Auxilium and Actient will create a leading urology platform with the widest range of products for TRT, including topical, buccal and long-acting options.  Auxilium expects the TRT market w
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  • SOURCE Auxilium Pharmaceuticals, Inc.
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