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The FDA approves Axiron, Eli Lilly's (NYSE:LLY) topical solution for testosterone replacement...

Nov. 24, 2010 8:26 AM ETEli Lilly and Company (LLY) StockLLY, ARUXFBy: Rachael Granby, SA News Editor

The FDA approves Axiron, Eli Lilly's (NYSE:LLY) topical solution for testosterone replacement therapy in men. The U.S. testosterone market, estimated at $1B, is set to grow 20% annually. Acrux (OTCPK:ARUXF), Lilly's Australian partner on the drug, rose 9.1% in Aussie trading.

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