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Business Description: Acrux Limited (ACR) is an Australian drug delivery business developing and commercialising a range of patient-preferred pharmaceutical products for global markets, using innovative, patented technology to administer drugs through the skin.
Strategy Analysis: ACR intends to progress candidate products a significant way down the development path, ideally until the end of Phase 3 clinical trials, as the potential value capture more than justifying the risk of failure. A product already in market validates the core delivery technology, thereby significantly reducing future development risk. ACR will engage marketing partners to commercialize product. ACR may license out the technology for the development of applications in instances where it considers it has inadequate expertise or resources.
Acrux reported NPAT up 23% to $57.49m for the year ended 30 June 2011. Revenues from ordinary activities were $93.47m, up 67% from the same period last year. Diluted EPS was 34.51 cents compared to 28.70 cents last year. Net operating cash flow was $65.10m compared to $48.37m last year. The final dividend declared was 60 cents, taking the full year dividend to 60 cents compared with nil cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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