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ViroPharma Announces Second Quarter 2013 Financial Results
Date:8/1/2013

EXTON, Pa., Aug. 1, 2013 /PRNewswire/ -- VIROPHARMA INCORPORATED (Nasdaq: VPHM) today announced financial results for the second quarter of 2013. Net sales were $104 million for the second quarter ended June 30, 2013 as compared to $95 million in the comparative period of 2012.  The increase in net sales quarter over quarter was driven by the  commercial product growth of both Cinryze in the U.S. and higher European product sales.  During the second quarter of 2013 U.S. Cinryze net sales grew by 22 percent over the second quarter of 2012 to $91 million. The quarterly U.S. Cinryze sales reflect $96 million of patient demand offset by approximately $5 million of wholesaler channel inventory drawdown. The patient demand represents an increase of approximately $5 million from the $91 million of patient demand reported in the first quarter of 2013.

"The second quarter of 2013 represented a period of strong commercial execution coupled with significant progress in our clinical development pipeline, despite this morning's news related to our combination efforts with Halozyme," stated Vincent Milano, ViroPharma's chief executive officer. "In addition to the positive maribavir interim data update we shared last month and the continued advancement of enrollment in the two studies, we also are approaching critical data milestones heading into the second half of 2013, including our antibody mediated rejection study with Cinryze in kidney transplant patients and analysis of the completed subjects from the Cinryze subcutaneous administration study which we updated this morning." 

Continued Milano, "On the commercial front, the continued growth trajectory of U.S. Cinryze remains strong, with early signs of positive impact from our sales force optimization and continued progress with our European operations.  Overall, we believe ViroPharma is well positi
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SOURCE ViroPharma Incorporated
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