Auxilium Pharmaceuticals Inc. will establish itself as a leading urology company with the acquisition of Actient Holdings LLC for $585 million upfront plus contingency payments, the specialty pharma announced April 29. The acquisition, which closed April 26, comes as sales of Auxilium’s own products slowed in the first quarter, including Testim testosterone gel and Xiaflex (collagenase clostridium histolyticum) for Dupuytren’s contracture.
The acquisition of privately-held Actient will add nine commercial products to Auxilium’s portfolio, four of which are in the urology space and currently on the market. Actient generated $125 million...