Date:10/27/2011

our business, I don't believe we have ever had a more productive period than the third quarter of 2011," commented Vincent Milano, ViroPharma's chief executive officer.  "Commercially, Cinryze continued its success and growth in the U.S. market.  Similarly, good progress was made in Europe, as we officially launched Cinryze in Germany and received centralized approval of Buccolam for treatment of convulsive seizures in children and adolescents. Our clinical development group made strong progress in advancing the Phase 2 studies of VP20621 and subcutaneous Cinryze in combination with PH20.  Financially, we created flexibility to implement our long-range plan, improve our liquidity, and move quickly on new opportunities.  The $150 million share buyback, $200 million extension, and credit facility moved us well along the path of addressing those needs.  Finally, since our last reporting period, we were able to enter into two business development transactions, adding an early but promising rare disease pipeline candidate, and a European orphan drug which we believe is on the near term path to European Commission approval, both of which address important unmet medical needs."

Net sales were $143.0 million and $398.8 million for the three and nine months ended September 30, 2011, compared to $117.8 million and $317.4 million in the comparative periods of 2010, respectively.  This represents a 21 percent increase for the three-month period and a 26 percent increase for the nine-month period.

Our GAAP net income was $28.2 million in the third quarter of 2011 compared to $38.3 million in the 2010 quarter.  GAAP diluted earnings per share was $0.35 for the third quarter of 2011 compared to $0.45 for the same period in 2010. For the nine-month period in 2011, GAAP net income was $87.5 million compared to $88.1 million of GAAP net income during the first nine months in 2010.  GAAP diluted earnings per share wa
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SOURCE ViroPharma Incorporated Copyright©2010 PR Newswire. All rights reserved

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