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UCB has agreed the sale of Equasym IR and Equasym XL (methylphenidate HCl) for the treatment of attention deficit hyperactivity disorder (ADHD) to Shire, a specialty biopharmaceutical company.
With the exception of the US, Canada and Barbados, world-wide product rights and relevant staff for Equasym IR/XL are being acquired by Shire. UCB will receive an up-front payment totalling €55 million and additional undisclosed milestone payments if Shire meets certain pre-defined sales targets. Equasym IR/XL sales in 2008 were approximately €17 million.
The transaction is expected to close in the second quarter 2009 and is subject to standard closing conditions. In the US, UCB will continue to market Metadate CD (methylphenidate HCl) extended release tablet for the treatment of ADHD. Further details of the transaction are not disclosed.
“ADHD is a behavioural disorder mainly treated by paediatric psychiatrists and paediatricians. With this agreement, UCB further underlines its SHAPE programme and focuses its CNS franchise on our core products bringing new innovative medicines to people living with severe neurological conditions,” said Troy Cox, President CNS Operations UCB.
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