Auxilium Moves Forward on Potential Anti-Cellulite Treatment

Auxilium Pharmaceuticals (UNKNOWN: AUXL.DL  ) , a $910 million biopharmaceutical company, announced today it is expanding a license agreement with BioSpecifics Technologies (NASDAQ: BSTC  ) giving Auxilium the right to market Xiaflex for use against cellulite, if the FDA OKs such an indication for the drug. Auxilium paid BioSpecifics a one-time $500,000 fee to exercise the option.

The original license agreement between the two companies, signed in August 2011, allowed Auxilium the exclusive rights to market and develop collagenase clostridium histolyticum (CCH), or Xiaflex, which is used to treat adults with a condition that causes one's fingers to bend toward the palm.

Expanding the license agreement to include treating cellulite gives Auxilium a larger potential market. Cellulite, which is a condition characterized by dimply skin and caused by fat deposits underneath the skin, is harmless. It's more common in women and can be caused by things like poor dieting, hormonal changes, a slow metabolism, or generally lethargic behavior, according to WebMD. 

BioSpecifics announced last month that it had achieved promising results in testing Xiaflex for use against cellulite. "We acknowledge the significant potential commercial opportunity that cellulite may represent for Xiaflex, if approved, and we look forward to the initiation of a Phase IIa trial by Auxilium in the second half of next year," said BioSpecifics at the time.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2182617, ~/Articles/ArticleHandler.aspx, 9/27/2016 3:03:22 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
AUXL.DL $0.00 Down +0.00 +0.00%
Auxilium Pharmaceu… CAPS Rating: ***
BSTC $45.39 Up +0.13 +0.29%
BioSpecifics Techn… CAPS Rating: **