UPDATE 1-Auxilium Q1 loss narrower than expected

Mon May 3, 2010 7:28am EDT

* Q1 loss/shr $0.18 vs est loss/shr $0.32

* Q1 revenue $45.5 mln vs est $47.0 mln

May 3 (Reuters) - Auxilium Pharmaceuticals Inc (AUXL.O) posted a narrower-than-expected quarterly loss on strong U.S. sales of its testosterone gel Testim.

First-quarter net loss was $8.6 million, or 18 cents a share, compared with a loss of $13.2 million, or 31 cents a share, a year earlier. [ID:nWNAB5177]

Revenue rose 31 percent to $45.5 million.

U.S. product shipments of Testim rose 35 percent to $43.9 million.

Analysts on average had expected a loss of 32 cents a share, on revenue of $47.0 million, according to Thomson Reuters I/B/E/S.

Selling, general and administrative expenses rose 37 percent to $36.1 million for the quarter, mainly due to sales and marketing efforts for the launch of Xiaflex in the United States.

U.S. regulators had approved Xiaflex for treating a progressive hand disease known as Dupuytren's contracture in February, and the company launched the drug in early March. [ID:nN02119214]

Shares of the company closed at $35.60 Friday on Nasdaq. (Reporting by Esha Dey in Bangalore; Editing by Ratul Ray Chaudhuri)

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