Auxilium boosts urology business with $585M Actient buy

04/30/2013 | Genetic Engineering & Biotechnology News · Reuters

Auxilium Pharmaceuticals agreed to pay $585 million in cash to purchase urology-treatment-maker Actient Holdings. The deal gives Auxilium access to Actient's testosterone replacement therapies and erectile dysfunction drug. The acquisition "creates a leading urology franchise with a diversified product portfolio and sales force leverage that is well positioned for growth of our current portfolio," Auxilium President and CEO Adrian Adams said.

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Genetic Engineering & Biotechnology News · Reuters

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