Shire’s Xiidra Delivers $100 Million in Q2-2018 Revenues, an Increase of 75 Percent

August 3, 2018: By Joan McKenna

Shire’s Xiidra delivered Q2-2018 revenues of $100 million, a 75 percent increase over Q2-2017, the company reported July 31.

Xiidra is currently approved in the US and Canada. Shire filed new drug applications for the dry eye treatment in 19 other countries in 2017.

Shire’s Xiidra

Dublin-based Shire launched Xiidra as a treatment for dry eye signs and symptoms in the US in September 2016.

Shire’s total product revenues were $3.8 billion, an increase of 6 percent over the same quarter in 2017. Royalties and other revenues decreased 28 percent to $111 million.

Shire also announced that it withdrew Xiidra’s marketing application in Europe from the decentralized procedure. The company plans to resubmit the application through the centralized procedure in Q4-2018.

Shire said its acquisition by Japan’s Takeda is on track for the first half of 2019, subject to shareholder approval of both companies and additional regulatory approvals.

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