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New Chief Executive Reports Q1 Results and Sets out Strategy for Growth
Date:5/2/2013

id teens growth in Non GAAP R&D as we continue to invest increasing amounts in our promising pipeline and to progress our late stage clinical trials. As a result of lower Non GAAP SG&A in Q1, and continued careful management of our cost base, we now expect Non GAAP SG&A for the full year to be marginally lower than 2012. Taken together, we now expect low single digit growth in combined Non GAAP R&D and SG&A, creating operating leverage for the full year.

Our core effective tax rate on Non GAAP income is anticipated to remain in the range of 18-20%.

As we look forward to the remainder of the year, we continue to expect to deliver earnings growth in line with current consensus earnings expectations for 2013 (1).

  1. Based on the most recent consensus estimates compiled by Consensus Forecast Ltd, as of the date of this press release, of $6.67 Non GAAP diluted earnings per ADS for the year ended 31 December 2013, available on Shire's website (http://www.shire.com/shireplc/en/investors/forecasts).

FIRST QUARTER 2013 AND RECENT PRODUCT AND PIPELINE DEVELOPMENTS


Products


VYVANSE - for the treatment of Attention Deficit Hyperactivity Disorder ("ADHD")

  • On May 1, 2013 Shire announced that the US Food and Drug Administration ("FDA") approved VYVANSE as a maintenance treatment in children and adolescents with ADHD. With this new approval, VYVANSE is currently the only stimulant approved for maintenance treatment in children and adolescents aged 6 to 17 years with ADHD, as well as in adults with ADHD.

DERMAGRAFT - for the treatment of Diabetic Foot Ulcers ("DFU") in Canada

  • On March 25, 2013 Shire announced that DERMAGRAFT is now available in Canada<
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SOURCE Shire plc
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