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Shire Plays Up Xiidra Launch, Downplays Missed Sales Expectations

 
• By Joseph Haas

Launched in August for dry eye disease, Xiidra already has seen nearly 65,000 prescriptions written and has captured 16% market share in the US. Overall quarterly sales came in below Wall Street expectations for Shire, but the firm says it was a strong quarter of execution.

Shire PLC says it had another in a string of strong earnings quarters dating back to the start of 2014, but analysts are calling the quarter a miss due to lower than expected sales of legacy Baxalta Inc. products acquired in the merger of the two companies earlier this year.

In an interview, CEO Flemming Ornskov told Scrip that Shire’s third quarter was a success going by every metric he...

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