Last year was a mixed one for specialty drug company ViroPharma
Although ViroPharma offered its preliminary 2007 results in January, on Wednesday it released full-year 2007 results and guidance for 2008 and beyond. Since acquiring the antibiotic Vancocin from Eli Lilly
Vancocin Sales* |
Growth (YOY) |
|
---|---|---|
2008** |
$210 to $235 |
3% to 15% |
2007 |
$204 |
22% |
2006 |
$167 |
33% |
2005 |
$126 |
133% |
2004*** |
$54 |
(N/A) |
*in millions; **ViroPharma forecast; ***Drug acquired in the fourth quarter; three quarters of Eli Lilly sales included.
Vancocin's sales growth is clearly decelerating, but ViroPharma has started to more actively market it and increased its sales force.
Last year, ViroPharma dodged a bullet when a competing drug by Genzyme
Since I called ViroPharma my dirt cheap Black Friday value pick in November, shares are up 12% (although I've liked the company at even higher prices). While sales of Vancocin are slowing down and its hepatitis C compound has lost much of its luster, ViroPharma has another growth opportunity with its Camvia (maribavir) transplant prophylactic.
If the results of Camvia's two phase 3 trials are successful, ViroPharma would send new drug marketing applications to the FDA and the European Medicines Agency in 2009. Even though Camvia's market potential is only several hundred million dollars per year, an approval would be very good for a drugmaker of ViroPharma's size.