Shire to Enter European ADHD Market With the Acquisition of EQUASYM(R)... ( PHILADELPHIA and DUBLIN February ...)

Shire to Enter European ADHD Market With the Acquisition of EQUASYM(R) IR and XL

Date:2/20/2009

PHILADELPHIA and DUBLIN, February 20 /PRNewswire-FirstCall/ -- Shire plc (LSE: SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, announces that it has signed an agreement with UCB to acquire the worldwide rights to EQUASYM(R) IR and XL (methylphenidate hydrochloride) (excluding the USA, Canada and Barbados) used for the treatment of Attention Deficit Hyperactivity Disorder (ADHD).

EQUASYM XL is approved and marketed in 10 countries (outside the USA, Canada, and Barbados), and EQUASYM IR is currently approved and marketed in four countries. In 2008 the products generated aggregate net sales of EUR16.9 million in these territories.

This acquisition will broaden the scope of Shire's ADHD portfolio and will facilitate immediate access to the European ADHD market as well as provide Shire the opportunity to enter additional world markets. EQUASYM will allow Shire to build on its status as the leader in the United States ADHD market with patients and customers in Europe and establishes a solid bridge for Shire's other ADHD treatments in territories outside of the United States. VYVANSE(R) (lisdexamfetamine dimesylate), used for the treatment of ADHD in pediatric and adult patients, was launched by Shire in the United States in July 2007 and is in Phase 3 trials in Europe.

As part of this transaction, approximately 20 sales and sales management personnel will transfer to Shire, providing an established sales force for EQUASYM and other potential ADHD products.

Michael Cola, President of Shire's Specialty Pharmaceuticals business, commented:

"The acquisition of the EQUASYM franchise accelerates the establishment of Shire's ADHD presence in markets outside of North America. Our expertise and portfolio of ADHD products will provide a strong foundation from which
'/>"/>

0

GOOD

Page: 1 2 3 4
Related biology technology :

1. Shire Delivers Excellent Growth for the Year, With the new Product Portfolio Achieving Sales of $1 Billion
2. Shire Receives FOSRENOL Paragraph IV Notice Letters from Barr Laboratories and Mylan
3. Shire plc: Change to Directors Details
4. Shire Successfully Settles Former TKT Shareholder Appraisal Rights Litigation
5. Shires New Product Portfolio Delivers Strong Quarterly Performance
6. Change of Name to Shire plc
7. Shire Announces Holding of 81% in Jerini AG and Publication of Offer Document
8. Shire Delivers Strong Quarter: Driven by $243m of New Product Sales (+164% YOY Growth). Revenue Guidance Upgrade.
9. Shire Re-Launches ADHDSupport.com, a Virtual Road Map Providing Information, Tools and Practical Tips About Attention Deficit Hyperactivity Disorder (ADHD)
10. Shire Ltd.: Robin Buchanan to Step Down as Non-Executive Director on Completion of Term of Office
11. Shire Ltd - Second Quarter 2008 Results Date Notification - 31 July 2008

Post Your Comments:

Shire to Enter European ADHD Market With the Acquisition of EQUASYM(R)...( PHILADELPHIA and DUBLIN February ...)