yep - terrible outcome.... but the market is way overreacting. Axiron will die a slow death but will have a few years left in it yet. But does mean that management better hurry up with that new pipeline that have been promising forever now!!!
Worst case - on a salvage basis Dec15 account it has c. 25 cents per share... base on the results on Thursdays it could be almost 30c per share
Ann: Acrux announces court ruling on Axiron patent families-ACR.AX, page-10
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