And the leader is not fired?!???!!!! Auxilium Posts Wider-than-Expected Loss, Outlook Maintained Zacks By Zacks Equity Research August 12, 2014 1:58 PM The share price of Auxilium Pharmaceuticals, Inc. (AUXL) fell 9.6% after the company announced its second-quarter results on Aug 7. However, share prices have recovered approximately 3.1% thereafter. Auxilium Pharma reported second quarter 2014 loss (including stock-based compensation expense) of 54 cents per share, much wider than the Zacks Consensus Estimate of a loss of 45 cents per share. The company had reported earnings of 14 cents per share in the year-ago quarter. Auxilium Pharmaceuticals, Inc - Earnings Surprise | FindTheBest Second quarter revenues decreased 17.4% year over year to $83.0 million. Revenues were impacted by a decrease in Testim and Testopel revenues. However, the quarter saw an increase in Xiaflex and Stendra revenues. Revenues, however, fell short of the Zacks Consensus Estimate of $91 million. Quarter in Detail Testim posted sales of $26.1 million in the second quarter of 2014, down 52% year over year. Testim revenues in the U.S. declined 77.6% to $11.9 million. Sales were negatively impacted by slowing growth of the testosterone replacement therapy (TRT) market. The company launched Stendra for erectile dysfunction and Xiaflex for Peyronie's disease (PD.TO) earlier this year. Auxilium Pharma recorded Stendra U.S. net revenues of $6.1 million (including product shipment to wholesalers). We note that Auxilium Pharma is looking to expand Stendra’s label to include the 15-minute onset of action claim. The FDA is expected to render a final decision on Sep 20, 2014. The product’s fast onset of action and a favorable side effect profile could help Stendra pickup share. We note that the company in-licensed Stendra from VIVUS Inc. (VVUS). Xiaflex’s U.S. revenues grew 75.3% to $26.3 million. A strong initial launch momentum has been observed for Xiaflex for the PD indication. While Testopel generated revenues of $4.2 million, Edex revenues were $7.5 million with 52% market share. Both products were gained from the Actient acquisition. Research and development expenses (including stock-based compensation expense) for the reported quarter declined 16.9% to $11.3 million benefiting from lower spending on Xiaflex. Selling, general and administrative expenses (including stock-based compensation expense) declined 7.6% to $69.2 million. 2014 Guidance The company reiterated its revenue guidance of $380−$420 million. The Zacks Consensus Estimate of $410 million falls within the guidance range. In 2014, the company expects Testim revenues to be less than $85 million due to a shrinking TRT gel market, lower Testim market share, and downward pressure on TRT gel scripts due to concerns regarding safety, inventory destocking and higher rebates. On a year-to-date basis, the company saw a decline of 19% in the TRT gel market. The company expects to report break-even results or a loss of up to $15 million this year. Our Take Auxilium Pharma currently carries a Zacks Rank #4 (Sell). Auxilium Pharma’s second quarter results missed both revenues and earnings estimates primarily due to lower Testim revenues. Auxilium Pharma is now treating Testim as a mature product and hence the company is banking heavily on the successful commercialization of Xiaflex and Stendra. Meanwhile, in a bid to diversify its portfolio (ophthalmology and the orphan drug space) and save taxes, Auxilium Pharma entered into a definitive agreement to merge with Canadian entity QLT (QLTI) in an all stock deal in Jun 2014. The merger is expected to close in the fourth quarter of 2014.
i know for a fact LM doesn't sit around obsessing about you. Why can't you stop? How long has it been?
This article does not have her initials... Perhaps you are the one still OBSESSING. Maybe if you spent less time obsessing and reading this board you would not be down 52% Year over Year. I recall the previous year was down too. What is Strenda market share? Has it peaked at 6% yet? LOL. What the F is she being paid for? To read cafe pharma?
There should be a policy in place. If a leader has 52% Y over Y loss of a product they should be immediately terminated. This place is a joke. That woman terminates and PIPs people for being down a few quarters in sales and she has gone years with out making goal on Testim and Strenda market share is not even in the double digits. Time to clean house. Budget cuts.
What is obsessive about asking why a leader that lead a product into a 52% decrease in market share is not fired??? What is obsessive is her staying.
How long have you been blaming and old rep for posting about your biiiiaaatch ass. Your old rep did not interview with the biaaattttch and post about what a monster she is. More than one person hates Lisa. She screwed over many not just one. I think you are obsessed with blaming posts on an old employee...
What makes you think LM is not still obsessing? The fact that she quit posting PSYCHO daily... I think she had to be sat down by the company lawyers and be warned to quit posting PSYCHO daily... I guarantee not a day goes by that she does not think about all the ex-employees she has in her black book. She probably has a few voodoo dolls under her bed named after ex employees... Biaaattttch is that mental.
Oh yeah... she is not thinking about you so she is writing a message to let you know she is no longer thinking of you. Face it Lisa, you think about her everyday. Just not allowed to post about her anymore or you will be fired.
