Auxilium cuts sales outlook, expands urology business

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Auxilium cuts sales outlook, expands urology business

(Reuters) - Auxilium Pharmaceuticals Inc reported a big drop in quarterly sales in the United States for both of its drugs, and said it acquired Actient Holdings LLC to bolster its urology business. Shares of Auxilium closed regular trading on Monday down 12.7 percent at $14, after falling as much as 13.5 percent to $13.87, a year-and-a-half low. Revenue fell 10 percent in the first quarter to $66.2 million, below analysts' average estimate of $81.2 million, according to Thomson Reuters I/B/E/S. ...

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