Acrux Limited Acrux Limited is an Australia-based specialty pharmaceutical company focused on developing, registering, and commercializing a portfolio of topically applied generic pharmaceutical products, with primary emphasis on the US market; its core offerings include transdermal and topical prescription pharmaceuticals such as testosterone topical solutions, nitroglycerin ointments, acne treatments, Lenzetto, Evamist, Axiron, Ellavie, and Recuvyra, leveraging proprietary technology for drug administration through the skin, on-site laboratories, and GMP manufacturing suite. Founded in 1998 and headquartered in West Melbourne, Victoria, the company operates in Australia, the United States, Europe, and other regions, deriving revenue from licensing and commercialization partnerships while targeting affordable generic alternatives in dermatology, hormone therapy, and cardiovascular segments. Recent developments include multiple capital raisings such as $1.34 million from SPP in December 2024 and placements in early 2025 to directors including CEO Ross Dobinson and Chairman Donald Brumley; US FDA acceptance of generic applications like nitroglycerin ointment and positive remote regulatory assessments; terminations of commercialization agreements with partners including Dash Pharmaceuticals, Amring Pharmaceuticals, TruPharma, and Harris; and director share acquisitions via exercised rights and placements in 2025, reflecting ongoing funding for pipeline advancement amid a focus on topical generics.