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substituted for Shire plc as principal obligor under Shire's $1.1
billion 2.75 per cent convertible bond due 2014 originally issued by
Shire plc (and the terms and conditions of such bonds were accordingly
amended).
- Shire incurred costs associated with the introduction of the new
holding company of $12.2 million in the six months to June 30, 2008.
Completion of acquisition of METAZYM
- On June 4, 2008 Shire completed the acquisition of the global rights to
the clinical candidate arylsulfatase-A, currently known as METAZYM,
from Zymenex for $135 million in cash (see Pipeline Highlights above).
This acquisition is expected to bring forward Shire's entry into the
MLD market.
Sale of non-core assets
- Following the transfer of the relevant marketing consents
Shire recognised previously deferred gains of $9.1 million arising from
product divestments in 2007, including $8.6 million from the sale of
non-core products to Laboratorios Almirall S.A ("Almirall") in 2007.
HGT analyst day
- Shire is planning an analyst day for November 18, 2008 in
Lexington, Massachusetts - specific details will be issued nearer the
date.
Share purchases
- In the three months to June 30, 2008 1.4 million American
Depositary Shares ("ADSs") were acquired by the Employee Share
Ownership Trust ("ESOT") for a cash consideration of $71.0 million
(2007: $55.5 million) at an average ADS price of $50.12.
Board changes
- On June 18, 2008 Shire's former Chief Financial Officer,
Angus Russell, became Chief Executive Officer and Shire's former Chief
Executive Officer Matthew Emmens became Chairman and Non-Executive
Director. Shire's former Chairman, Dr James Cavanaugh, retired from the
Shire Board and David Kappler becam
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