Acrux: Result 2014

This small pharmaceutical stock has confounded the sceptics again, with sales of its flagship Axiron product rising 46%, despite an FDA investigation.

Pharmaceutical companies are supposed to abide by the principle of primum non nocere – first, do no harm. But Acrux’s full-year result was painful to read. Or at least it was for me, and probably anyone else who missed the boat. But for members who managed to scramble on board when we recommended the stock in Ignore the FDA and buy Acrux on 13 Jun 14 (Speculative Buy – $0.80), rest assured, your company had a bumper year.


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