Placing Acrux Under Review
We are placing our fair value estimate for no-moat Acrux under review, following today’s announcement that the company and Eli Lilly have agreed to terminate their licensing agreement for Axiron. Lead product Axiron was developed by Acrux but marketed in a number of countries, including the United States, by licensee partner Eli Lilly for low testosterone levels. Notably, Axiron royalties from the agreement comprised 95% of revenue for the company in fiscal 2017. Termination of the licence in th...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.
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