Navigation Links
Shire Divests Non-Core Product Portfolio to Almirall

Reinforcing Strategic Focus on Growth-Driving Global Products

BASINGSTOKE, England, October 8 /PRNewswire-FirstCall/ -- Shire plc (LSE: SHP, NASDAQ: SHPGY, TSX: SHQ), the global specialty biopharmaceutical company, announces that it has agreed to sell a portfolio of non core products to Almirall for a cash consideration of $213m. The portfolio includes the dermatology products, SOLARAZE(R) (3% gel diclofenac sodium) and VANIQA(R) (eflornithine hydrochloride), and six other non-promoted products1 across a range of indications, which are principally sold by Shire in the UK, France, Germany, Italy, Spain and Ireland.

The divested products are no longer core to Shire's strategy of building market leading positions in specialty markets through the development and commercialization of competitive global products with strong intellectual property protection. Shire's focus is on building its attention deficit hyperactivity disorder (ADHD), human genetic therapies, gastrointestinal and renal diseases businesses and, with its recent in-licensing of JUVISTA(R) (human recombinant TGFβ3) from Renovo plc, Shire intends to build a new specialty area of regenerative medicine. Shire's specialty products are increasingly global in their reach - for example Shire aims to expand its ADHD expertise to markets outside the U.S. within the next two years, with an initial focus on the EU. This product divestment will enable Shire to pursue this strategy in a more concentrated way.

Shire plc Chief Executive, Matthew Emmens comments:

"Our strategic focus is clear and our emphasis in the international markets is on developing competitive positions for our global products that meet the needs of the specialist physicians and their patients, in our chosen areas of expertise. Almirall is well positioned to ensure future development and investment in the products we are divesting, which are no longer core to our strategy."

Almirall Chairman and CEO, Dr Jorge Gallardo said "We are very satisfied with this acquisition since it expands our international presence in a critical market like the UK and reinforces our position as one of the key European specialty pharmaceutical companies".

The transaction is contingent on competition clearances and other customary consents. Shire was advised by Rothschild.

Notes to Editors

1 Other products divested included: LODINE(R) (etodolac) for treatment of rheumatoid arthritis and osteoarthritis, COLAZIDE(R) (balsalazide) for treatment of mild to active ulcerative colitis, MEPTID(R) (meptazinol hydrochloride) for treatment of pain, CEBUTID(R) (flurbiprofen) for treatment of the symptoms of rheumatoid arthritis and osteoarthritis, ROBAXIN(R) (methocarbamol) for relief of pain from muscle injuries, spasms, sprains and strains, MINTEC(R) (peppermint oil) for the relief of discomfort associated with irritable bowel syndrome.

SOLARAZE is a topical preparation for the treatment of actinic keratoses, which are common skin lesions on areas damaged extensively by sunlight. VANIQA is a topical prescription medicine for treating unwanted facial hair in women.


Shire's strategic goal is to become the leading specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician. Shire focuses its business on attention deficit and hyperactivity disorder (ADHD), human genetic therapies (HGT), gastrointestinal (GI) and renal diseases. The structure is sufficiently flexible to allow Shire to target new therapeutic areas to the extent opportunities arise through acquisitions. Shire's in-licensing, merger and acquisition efforts are focused on products in niche markets with strong intellectual property protection either in the US or Europe. Shire believes that a carefully selected portfolio of products with strategically aligned and relatively small-scale sales forces will deliver strong results.

For further information on Shire, please visit the Company's website:


Statements included herein that are not historical facts are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or uncertainties materialize, Shire's results could be materially affected. The risks and uncertainties include, but are not limited to, risks associated with: the inherent uncertainty of pharmaceutical research, product development, manufacturing and commercialization; the impact of competitive products, including, but not limited to the impact of those on Shire's Attention Deficit and Hyperactivity Disorder (ADHD) franchise; patents, including but not limited to, legal challenges relating to Shire's ADHD franchise; government regulation and approval, including but not limited to the expected product approval date of SPD503 (guanfacine extended release) (ADHD); Shire's ability to secure new products for commercialization and/or development; Shire's ability to benefit from its acquisition of New River Pharmaceuticals Inc.; the successful development of JUVISTA and other risks and uncertainties detailed from time to time in Shire plc's filings with the Securities and Exchange Commission, particularly Shire plc's Annual Report on Form 10-K for the year ended December 31, 2006.

SOURCE Shire plc
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. A New C-Terminal GST Vector for Protein Production in S. pombe
2. Safe Production of High-Titer Retrovirus
3. Production of Full-Length, Biologically Active MEK1WT and MEK1CA
4. Yeast Protein Production System Features High Yields and One-Step Purification
5. Identification of Differentially Expressed Gene Products with the CastAway System*
6. High-Throughput System Generates Ultra-Pure PCR Products Suitable for All Applications
7. cMaster RTplusPCR System for increased sensitivity and product length in RT-PCR
8. Identification of Low-Level Oxidation Products in Calmodulin Using NanoSpray Ion Trap Mass Spectrometry
9. Advantages of Roche Applied Science amplification products
10. Find the optimal product for your PCR application
11. Product overview
Post Your Comments:
(Date:10/8/2015)... , Oct. 8, 2015  Sorrento Therapeutics, ... developing new treatments for cancer and associated pain, announced ... Officer, will be presenting at the Aegis Capital ... Vegas :Event:Aegis Capital Corporation 2015 Growth ConferenceDate:Friday, ... room, The Encore @ The Wynn in Las ...
(Date:10/8/2015)... Maryland , October 8, 2015 ... .   --> Goldman Small ... in the small cap and microcap sectors, announced ... research report on PharmaCyte Biotech, Inc. (OTCQB - ... focused on developing and preparing treatments for cancer ...
(Date:10/8/2015)... , Oct. 8, 2015 /PRNewswire/ - RepliCel Life Sciences Inc. ... company focused on the development of autologous cell therapies, today ... partnering meetings taking place in the month of October: ... Partnering Forum RepliCel will be presenting at the ... on the Mesa to be held October 7-9 in ...
(Date:10/8/2015)... Claremont, CA (PRWEB) , ... October 08, 2015 ... ... by mutations in the cystic fibrosis transmembrane conductance regulator (CFTR) gene and results ... abnormally viscous and sticky mucus accumulates in the lungs. This mucus is very ...
Breaking Biology Technology:
... SANFORD, Maine, Jan. 31, 2012  Maine Manufacturing, LLC announced ... GE Healthcare granting Maine Manufacturing the exclusive right to ... line.  Maine Manufacturing, which has been manufacturing the FAST ... FAST Slides and accessories including FAST Quant, direct to ...
... Jan. 26, 2012 Life Technologies Corporation (NASDAQ: ... company,s presentations at the following upcoming investment conferences in ... Life Technologies will present at the Leerink Swann 2012 ... a.m. ET. Life Technologies will also present ...
... 2012  ZyGEM Corp. Ltd., a developer and marketer of ... nucleic acids, today announced that it has signed an ... DNA and RNA extraction kits.  SDL was established by ... as part of the Saudi Arabian government,s drive to ...
Cached Biology Technology:
(Date:10/8/2015)... 8, 2015 NXT-ID, Inc. ... a biometric authentication company focused on the growing ... smart wallet announces that revenues for the three ... compared with $113,00 for the three months ended ... ended September 30, 2015 were approximately $520,000. ...
(Date:10/6/2015)... LAKE CITY , Oct. 6, 2015 ... company, announced today that it has signed a contract ... monitoring services across the full range of sentences under ... Group,s President of the Americas. "This contract with the ... region of the US and advances our position as ...
(Date:10/2/2015)... DUBLIN , Oct. 02 2015 ... addition of the "Enforcing the Law Using ... ) has announced the addition of ... report to their offering. --> Research ... addition of the "Enforcing the Law Using ...
Breaking Biology News(10 mins):
... that ever walked the earthIndricotherium transouralicum, a hornless ... stood about eighteen feet high at the shoulderlived ... largest mammal that ever walked the earth Indricotherium ... approximately seventeen tons and stood about eighteen feet ...
... and other pathogens result in global crop losses of over ... Institution,s Department of Plant Biology developed a novel trick for ... organism. They discovered a novel family of pores that transport ... pores to access the plant sugar for food. The first ...
... , In the scorching summer heat of the Chihuahuan ... 97F (36C) while at the surface of the soil ... extreme temperatures, plants must utilize creative methods to not ... lethal conditions. This new work by Dr. Gretchen ...
Cached Biology News:
... The pPIC9K and pPIC3.5K vectors carry the ... Geneticin Reagent in Pichia. Spontaneous generation of ... resistance to increased levels of Geneticin Reagent. ... and screened for their level of resistance ...
... Clone/PAD: ZMD.478. Immunogen: Synthetic ... of the humanmouse and bovine Math-2. ... protein. Reactivity: Human Rat (positive ... rat B28 cell lysates and rat ...
solute carrier family 25, member 13 (citrin)...
Biology Products: