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The Lead

Shire to Relocate Over 500 Jobs to Massachusetts

November 19, 2014 2:04 pm | News | Comments

Shire has announced plans to relocate over 500 positions to Massachusetts from its Chesterbrook, Pennsylvania site and establish Lexington, Massachusetts as the company's U.S. operational headquarters. The transition is a continuation of the company's 'One Shire' efficiency program and will streamline business globally through two principal locations - Massachusetts and Switzerland.

Interim Shire Chief Financial Officer to Step Down

October 21, 2014 9:06 am | News | Comments

Shire has announced that James Bowling, Interim Chief Financial Officer, has notified the Board...

AbbVie to Pay Shire $1.64B Fee Over Canceled Merger

October 21, 2014 8:13 am | News | Comments

AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay...

AbbVie Wants Out of $55B Shire Deal

October 16, 2014 8:11 am | by The Associated Press | News | Comments

AbbVie's board is telling shareholders to vote against its own $55 billion takeover bid for the...

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Shire: AbbVie Should Proceed with $55B Acquisition

October 15, 2014 8:06 am | by The Associated Press | News | Comments

Shire wants AbbVie to stick with its roughly $55 billion acquisition bid, and it is reminding its U.S. counterpart of the hefty breakup fee it will receive if things don't work out.            

Shire Enters Strategic Licensing and Collaboration Agreement with ArmaGen

July 23, 2014 8:02 am | News | Comments

Shire and ArmaGen announced a worldwide licensing and collaboration agreement for AGT-182, an investigational enzyme replacement therapy (ERT) for the potential treatment of both the central nervous system (CNS) and somatic manifestations in patients with Hunter syndrome (MPS II).

AbbVie & Shire Agree On $55B Combination

July 18, 2014 9:16 am | by TOM MURPHY, AP Business Writer | News | Comments

The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire.                                        

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AbbVie, Shire Enter Detailed Talks on Combination

July 14, 2014 7:27 am | by The Associated Press | News | Comments

AbbVie and Shire are in detailed talks about a possible combination after AbbVie once again raised the deal price and gave Shire shareholders a bigger stake in the new company. Shire says North Chicago, Illinois-based AbbVie is now offering a cash-stock combination valued at 53.20 British pounds ($91.10) for each share of Shire, which is headquartered on the British island of Jersey.

AbbVie Cites Tax Break as Motivator for Shire Deal

June 25, 2014 11:34 am | by The Associated Press | News | Comments

U.S. drugmaker AbbVie says it sees a compelling tax break behind its roughly $46 billion bid to buy British counterpart Shire, and it expects the deal to expand Shire's global reach as well.           

Takeover Target Shire Promises Strong Growth

June 24, 2014 8:30 am | News | Comments

Shire highlighted its potential as a standalone drugmaker, offering investors a rosy projection of its earnings potential that it believes is not reflected in the acquisition proposal made by U.S.-based rival AbbVie.      

Shire Agrees to FDA Request to Conduct Clinical Trials Investigating the Use of Vyvanse in Preschool-Age Children

June 12, 2014 9:13 am | News | Comments

Shire announced that it has agreed to a written request by the Food and Drug Administration (FDA) to conduct pediatric clinical studies to investigate the potential use of Vyvanse (lisdexamfetamine dimesylate) for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in preschool-age children, ages 4 to 5.

Shire to Submit New Drug Application to FDA for Lifitegrast for Dry Eye Disease in Adults

May 19, 2014 8:06 am | News | Comments

Following a May 15, 2014, meeting with the FDA, Shire intends to submit a New Drug Application for lifitegrast as a treatment for the signs and symptoms of dry eye disease in adults in the first-quarter of 2015. In parallel to preparing for the NDA submission, Shire will be assessing the need for gathering additional clinical data in support of the U.S. and potential international regulatory submissions.

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Shire Acquires Lumena Pharmaceuticals

May 12, 2014 8:08 am | News | Comments

Shire has announced the acquisition of Lumena Pharmaceuticals, Inc., a biopharmaceutical company with rare disease pipeline assets.                   

Shire Recalls One Batch of Gaucher Disease Drug

March 14, 2014 1:48 pm | News | Comments

Shire is recalling one batch of its Gaucher disease treatment Vpriv because particulate matter was discovered in some vials of the drug.                    

Shire Announces FDA Approval of VPRIV Manufacturing Facility

February 14, 2014 10:39 am | News | Comments

Shire has announced that the FDA has approved the production of VPRIV drug substance (velaglucerase alfa for injection) in Shire's manufacturing facility in Lexington, Massachusetts. The facility was previously approved by the European Medicines Agency (EMA) for production of VPRIV drug substance.

Shire Ends Vyvanse Development Program

February 7, 2014 8:08 am | News | Comments

Shire has announced top-line results from two pivotal Phase 3 investigational studies evaluating the efficacy and safety of Vyvanse (lisdexamfetamine dimesylate) Capsules (CII) versus placebo as an adjunctive treatment for major depressive disorder (MDD) in adults who inadequately responded to antidepressant monotherapy with a SSRI or SNRI.

Shire Nears Completion of $4.2B ViroPharma Deal

January 24, 2014 11:10 am | by The Associated Press | News | Comments

Shire PLC has successfully completed its $4.2 billion tender offer for the rare disease treatment developer ViroPharma Inc. and said Friday it hopes to quickly complete the deal.            

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Susan Kilsby to Succeed Matthew Emmens as Chairman of Shire

January 23, 2014 9:56 am | News | Comments

Shire plc today announces that Matthew Emmens will retire as Non-Executive Chairman and Susan Kilsby, Chairman of Shire's Audit, Compliance & Risk Committee will succeed him after the conclusion of Shire's AGM on 29 April 2014.   

Shire Sells Foot Ulcer Treatment to Organogenesis

January 17, 2014 8:07 am | by The Associated Press | News | Comments

The Irish drugmaker booked no upfront payment with the sale of the treatment, Dermagraft, but it said Friday it could receive up to $300 million in cash if Organogenesis meets certain sales targets between now and 2018.     

Shire Buys ViroPharma in $4.2B Deal

November 11, 2013 8:43 am | News | Comments

Shire says it is buying the rare disease biopharmaceutical company ViroPharma in a deal worth $4.2 billion. ViroPharma makes CINRYZE, which treats hereditary angioedema, a disease characterized by recurrent attacks of swelling of the skin or mucous membranes.

Questcor Names Former Shire CEO to Board

June 11, 2013 8:26 am | News | Comments

Biopharmaceutical company Questcor Pharmaceuticals Inc. said Monday that the recently retired CEO of Shire PLC, Angus C. Russell, has been added to its board. Russell was CEO of Shire, also a biopharmaceutical company, for five years. Before that, he was an executive at pharma companies ICI, Zeneca and AstraZeneca.

Shire Settles Patent Dispute with Teva

June 3, 2013 8:30 am | News | Comments

Shire LLC said Friday that it has settled its patent dispute with Teva Pharmaceuticals USA Inc. over Teva's efforts to sell a generic version of its drug used for treatment of attention deficit hyperactivity disorder.The settlement allows Teva to market a generic version of Shire's Intuniv extended release tablets or generic versions supplied by Shire.

Shire Slumps After Lowering Revenue Outlook

May 3, 2013 8:16 am | News | Comments

Irish drugmaker Shire PLC said Thursday its net income fell in the first quarter, and it lowered its revenue forecast because sales of several of its drugs are under pressure. Sales of its ADHD drug Adderall XR have been sliding because of growing generic competition. They fell 10 percent to $99.8 million during the quarter.

Shire Acquires Premacure AB

March 12, 2013 8:35 am | News | Comments

Shire plc, announces that it has acquired Premacure AB of Uppsala, Sweden, a privately held biotechnology company developing a protein replacement therapy, currently in Phase II development,  for the prevention of retinopathy of prematurity (ROP). ROP is a rare and potentially blinding eye disorder that primarily affects premature infants and is one of the most common causes of visual loss in childhood.

Shire 4Q Profit Falls 84% as Costs Climb

February 14, 2013 1:38 pm | by The Associated Press | News | Comments

Shares of Shire PLC sank Thursday morning after the Irish drugmaker said its fourth-quarter earnings tumbled 84 percent on climbing costs and generic competition for its attention deficit hyperactivity disorder drug. The Dublin company earned $42 million, or 22 cents per share, in the three months that ended Dec. 31.

Teva Gets FDA approval for Generic ADHD Drug

February 14, 2013 1:26 pm | News | Comments

Teva Pharmaceutical Industries Ltd. said Thursday that it received marketing approval for a generic version of Shire PLC's Adderall XR, a treatment for attention deficit hyperactivity disorder. The Food and Drug Administration approved Teva's generic in six strengths from 5 milligrams to 30 milligrams.

Impax and Shire Settle Litigation Concerning Supply of Authorized Generic Adderall XR®

February 8, 2013 8:15 am | News | Comments

Impax Laboratories, Inc. today announced that it has settled all pending litigation with Shire LLC and Shire Laboratories, Inc. (collectively Shire) relating to supply of its authorized generic Adderall XR® under the parties’ License and Distribution Agreement that was signed in January 2006. As part of the settlement, the parties will submit a stipulation of dismissal for entry by the Court.

Shire agrees to settle ADHD drug inquiry

February 1, 2013 2:57 pm | by The Associated Press | News | Comments

Shire PLC said Friday it agreed to pay about $57.5 million to resolve a federal investigation into the marketing of its drugs for treating attention deficit hyperactivity disorder. The Irish company makes several ADHD drugs, including the former blockbuster Adderall XR, which was its top-selling...

Arrowhead and Shire Enter into Collaboration and License Agreement to Develop Peptide-Targeted Therapeutics

December 18, 2012 4:12 am | News | Comments

Arrowhead Research Corporation, a targeted therapeutics company, today announced that it has signed a research collaboration and license agreement with Shire AG, to develop and commercialize targeted peptide-drug conjugates (PDCs) by utilizing Arrowhead’s human-derived Homing Peptide platform and Shire’s therapeutic payloads.

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