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Shire Reports 7% Product Sales Growth: Anticipating Double Digit Non GAAP Earnings Growth in 2013
Date:7/25/2013

pared to Q2 2012.

ELAPRASE- Hunter syndrome

Product sales from ELAPRASE in Q2 2013 were up 22% (up 25% on a CER basis) compared to Q2 2012 primarily due to the impact of the timing of large orders to certain markets which order less frequently, in addition to underlying growth in patient numbers.

LIALDA/MEZAVANT - Ulcerative Colitis

Product sales for LIALDA/MEZAVANT in Q2 2013 were up 46%. New Managed Care contracts in the US contributed to increased prescription demand (up 17%) and stocking in Q2 2013 (compared to destocking in Q2 2012). To a lesser extent sales also benefited from the effect of a price increase taken since Q2 2012.

REPLAGAL - Fabry disease

REPLAGAL sales were down 7% (down  5% on a CER basis) as compared to Q2 2012 partly due to the return of competition to the Fabry market in Europe and the timing of shipments which have distorted quarter on quarter growth rates in both 2013 and 2012. However, recent positive trends in patient dynamics indicate that the impact of switches to the competitor product is diminishing and we continue to see strong growth in the number of new naïve patients starting on REPLAGAL globally. Sales of $114.1 million in Q2 2013 were flat against Q1 2013 and we expect similar levels in Q3 2013 with sequential growth in the final quarter of the year.

ADDERALL XR - ADHD

ADDERALL XR product sales decreased (down 16%) in Q2 2013 primarily as a result of lower US prescription demand (down 11%) following the introduction of a new generic competitor in June 2012 and the effect of higher sales deductions as a percentage of sales in Q2 2013 compared to Q2 2012.

INTUNIV - ADHD

The strong growth in INTUNIV product sales (up 31%) in Q2 2013 was driven by both growth in US prescription demand (up 10%) and the effect of price increases taken since Q2 2012.

VPRIV - Gaucher disease

VPRIV product sales were flat (up 1% on a C
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SOURCE Shire plc
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