Shire sells off Attention Deficit Disorder drug to Noven as reiterates profit view

first_imgWednesday 11 August 2010 7:47 pm In June, the FDA approved Daytrana for treatment of attention deficit hyperactivity disorder (ADHD) in adolescents aged 13 to 17 years. Daytrana was already an FDA-approved ADHD treatment for children 6 to 12 years. ADHD is one of the most common psychiatric disorders in children and adolescents. The disorder manifests as a persistent pattern of inattention and/or hyperactivity-impulsivity that is more frequent and severe than is typically observed in individuals at a comparable level of development. Share SPECIALITY biopharmaceutical company Shire yesterday announced the sale of its brain stimulant medicine Daytrana to Noven Pharmaceuticals, granting Noven global marketing rights for the medicine, effective from 1 October 2010. Shire also maintained its earnings outlook for the full-year 2010.The book value of the assets to be disposed is approximately $95m (£60m) or a gross, pre-amortisation value of approximately $150m. Shire also backed its full year 2010 outlook for non-GAAP earnings trending towards $4.00 per American Depositary Share (ADS), which was announced recently with its second quarter earnings. Analysts on average expect the company to report earnings of $3.98 per ADS for 2010. In its second quarter report, Shire said it expects 2010 underlying earnings to grow 15 per cent from 2009.Daytrana, developed and manufactured by Noven, was originally licensed globally to Shire in 2003 and was approved and launched in the US in 2006. Shire’s net sales of the product in 2009 were $71m. Show Comments ▼ whatsapp whatsapp Shire sells off Attention Deficit Disorder drug to Noven as reiterates profit view by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Tags: NULLlast_img

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