Reading Time: 2 minutes Auxilium Pharmaceuticals Inc. (AUXL: Quote) dropped more than 21 percent to $21.44 in after-hours on Tuesday as the company lowered its financial guidance for full year 2014 due primarily to lower-than-expected revenues from Testim testosterone gel. Accordingly, the company now expects full year 2014 revenue to range between $380 million and $420 million, down from the initial forecast range of $450 million to $490 million. For the first quarter of 2014, the company expects to record worldwide Testim revenues of approximately $11 to 13 million, compared to $45.5 million in the first quarter of 2013. Worldwide Testim revenues for full-year … Read more
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