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LLY, ARUXF Announce Approval of Axiron

By Market News Video Staff, Wednesday, November 24, 1:08 PM ET

Eli Lilly (NYSE:LLY) and Acrux (ARUXF) announced today the Food and Drug Administration approved their topical testosterone solution Axiron.

The treatment is intended to replace the hormone in men with a testosterone deficiency or absence. Axiron delivers the hormone via an underarm applicator.

The companies estimate that 13 million men over 45 have symptoms associated with low testosterone.

Lilly shares are trading up 0.25% Wednesday.

Eli Lilly is the sixth-largest holding of the Pharmaceuticals HOLDRS (AMEX:PPH) ETF, at 5.41% of the portfolio.

Johnson & Johnson (NYSE:JNJ) is the top stock, at 25.77% of the fund, followed by Pfizer (NYSE:PFE), at 18.16%, and Merck (MRK), at 16.39% of the fund.

Abbott Laboratories (ABT) and Bristol-Myers Squibb (BMY) round out the top five holdings.

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   ARUXF   Abbott   Administration   Axiron   Bristol   Drug   Food   Johnson   Laboratories   Lilly   Merck   Myers   NYSE   Pfizer   Pharmaceuticals   Squibb   Wednesday   absence   announced   associated   companies   deficiency   delivers   estimate   five   followed   fund   have   holding   holdings   hormone   intended   largest   million   over   replace   round   shares   sixth   stock   symptoms   testosterone   that   their   today   topical   treatment   underarm   with
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LLY, ARUXF Announce Approval of Axiron | Market News Video | Copyright © 2008 - 2012, All Rights Reserved

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