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Lilly to Acquire Global License to AXIRON Testosterone Solution From Acrux
Date:3/15/2010

"The addition of AXIRON reinforces Lilly's commitment to men's health and, if approved, could provide a new treatment option for men suffering from low testosterone," said Bryce Carmine, president of Lilly's Bio-Medicines. "Lilly hopes to leverage our experience in men's health to advance both the science and clinical outcomes for men with low testosterone.  Some of the needs of patients in approaching therapy include the need for a convenient way to administer therapy over a small and discreet area of the body. AXIRON has the potential to be the first testosterone solution to be applied via an underarm applicator, for patients who have testosterone deficiency. We look forward to working with Acrux and the FDA during the regulatory review process."

"We are delighted to build on our established relationship with Lilly and collaborate on the potential worldwide commercialization of AXIRON," said Dr Richard Treagus, chief executive officer of Acrux. "Through Lilly's considerable global resources and leadership position in the field of men's health, Acrux now has the opportunity to achieve the full commercial potential of AXIRON."

About Hypogonadism

Testosterone deficiency in men (hypogonadism) is associated with a number of clinical problems. It has
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