Acrux is a differentiated drug delivery specialist targeting global markets and licensee partners.
We are lowering our fair value estimate for no-moat Acrux to AUD 0.13 per share, from AUD 0.40. This follows the surprise termination of its licensing agreement with Eli Lilly for the exclusive worldwide rights to market Acrux’s lead product Axiron, a testosterone therapy. On the balance of likely scenarios from hereon in, we believe valuation risks are skewed to the downside.We believe the stock remains overvalued and reflects cash backing per share, given the AUD 34 million as at end June 201...
Acrux is a pharmaceutical company engaged in the development and commercialization of specialty and generic transdermal and topical pharmaceuticals for global markets. Co.'s topical or transdermal pharmaceutical product portfolio can be segregated into two streams - generic pharmaceutical products and specialty pharmaceutical products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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