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At the end of March, we announced a co-promotion agreement with TAP Pharmaceutical Products Inc. for LIALDA, adding more than 500 additional sales representatives from TAP to increase the reach and frequency of our sales calls. Shire's GI team has made LIALDA the fastest growing brand of mesalamine and with the TAP collaboration we will be able to reach more GI specialists as well as primary care providers.
We are reaffirming our previous financial guidance for 2008 and continue to expect positive revenue growth through 2010."
Product Highlights
VYVANSE(TM) - Attention Deficit and Hyperactivity Disorder ("ADHD")
- By April 11, 2008 VYVANSE had achieved a US ADHD market share of 6.9% based on weekly prescription volumes, up from 5.2% as at December 31, 2007. In February 2008, VYVANSE achieved its one millionth prescription.
- By April 1, 2008 Shire had agreements with seven of its top ten managed care organizations for VYVANSE.
- Sales for the three months to March 31, 2008 were $54.4 million (2007: $nil).
- With the addition of VYVANSE, Shire's average share of the US ADHD market for the three months to March 31, 2008 was 31.8% (2007: 28.5%). Shire has the leading portfolio of products in the US ADHD market.
DAYTRANA(TM) - ADHD
- Sales for the three months to March 31, 2008 were $20.3 million (2007: $11.9 million).
- On January 9, 2008, the US Food and Drug Administration ("FDA")
issued a Warning Letter to Noven Pharmaceuticals Inc. ("Noven"), which
primarily related to Noven's manufacture of DAYTRANA. Further regulatory
action could result if the FDA's concerns are not satisfied fully. Noven
submitted a response to the FDA on January
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