Undeterred By Abandoned Deal, Shire Posts Record Sales Growth

By

Shire Pharma's Exton office

Backing out of its mega deal was all AbbVie’s loss, as the pharmaceutical giant’s target, Shire, recently heralded record sales growth and a lofty vision for the next five years.

Shire’s top 10 products all posted double-digit sales growth in the third quarter, fueling an overall company sales increase of 32 percent and driving its 2014 earnings expectations up to nearly a 40 percent jump over last year.

“We have our hands full, but we also have our eyes open for opportunities in the marketplace,” CEO Flemming Ornskov said in a report by The Wall Street Journal.

He intends to double Shire’s sales and hit the $10 billion milestone by 2020, and that’s good news for the U.S. operations base in Wayne.

Read more about Shire’s impressive quarter of growth and Ornskov’s plans for the future, particularly in the rare disease drug market, in The Wall Street Journal here.

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

Hidden
VT Yes
This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo