Auxilium Pharmaceuticals Inc. (AUXL)

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7:02AM Auxilium Pharma raises $50 mln in additional financing (AUXL) 18.53 : Co announced it entered into an Incremental Assumption Agreement with Morgan Stanley Senior Funding under its existing Credit Agreement with MSSF. Under the Incremental Agreement, the Company raised an additional $50,000,000 from a syndicate of lenders, and this additional amount is on terms consistent with its existing ~$225 mln senior secured credit facility. The Company expects to use these proceeds for general corporate purposes, including potential corporate development and licensing activities.