For the year ended 30 June 2013, Acrux earned royalties from Axiron of $14 million,
up from $6 million in the previous year.
Acrux expects the average royalty percentage of net sales to increase in the year
ending 30 June 2014. In addition to royalties, Acrux will receive a milestone payment
of US$25 million in March 2014 if the worldwide net sales of Axiron in the 2013
calendar year exceed US$100 million. Net sales in the first half of the calendar year
were US$84 millio
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