Market Overview

UPDATE: Stifel Nicolaus Downgrades Auxilium Pharmaceuticals to Hold on Xiaflex Lag

Related AUXL
Drug ETFs Attractive Buys On Pullback
Auxilium Pharmaceuticals, Inc. Announces XIAFLEX Now Approved For The Concurrent Treatment Of Up To Two Affected Joints In The Same Hand In Dupuytren's Contracture Patients

Stifel Nicolaus reduced its rating on Auxilium Pharmaceuticals (NASDAQ: AUXL) from Buy to Hold and removed its $27 price target.

Stifel Nicolaus noted, "Auxilium posted strong 2Q12 revenues of $78.2mn (Consensus $74mn), on solid Testim global sales of $64mn (Consensus $57.5mn). But Xiaflex lagged with global sales of $14.4mn (Consensus $16.8mn). … Xiaflex DC continues to lag despite facilitated reimbursement, positive recurrence data, and continued promotion. Though management is introducing primary care referral strategies (beginning 2H12) targeting 14,000 PCPs/endocrinologists via Testim sales force, Xiaflex growth is anemic. Investment is shifting to targeted, local promotion to generate new patient traction, but we are discouraged by Xiaflex's inability to buck seasonal trends this early in life."

Auxilium Pharmaceuticals closed at $26.94 on Tuesday.

Latest Ratings for AUXL

Oct 2014MKM PartnersDowngradesBuyNeutral
Oct 2014MizuhoDowngradesBuyNeutral
Sep 2014RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for AUXL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (AUXL)

View Comments and Join the Discussion!