UCB (UCBJY) recently reported results for the first quarter of 2013. Revenues fell 8.2% year over year to approximately $1.1 billion due to generic erosion of Keppra and a delayed allergy season.
All growth rates mentioned below are on a year-on-year basis and at CER.
While Cimzia (Crohns disease and rheumatoid arthritis) sales increased 27% in the reported quarter, Vimpat (epilepsy) sales increased 16%. Neupro, which is marketed as a treatment for Parkinsons disease (:PD) and restless legs syndrome (:RLS), delivered sales growth of 37%.
However, sales of Keppra, another epilepsy treatment, declined 22%. Sales were hurt by generic competition in the US and Europe.
Pipeline Update
Vimpat as monotherapy met its primary endpoint in a phase III study on epilepsy in the US. The company intends to file for US approval in the second half of 2013.
For the PD and RLS indications, Neupro received regulatory approval in Japan in Dec 2012. UCBs partner, Otsuka Pharmaceuticals, has launched Neupro in Japan.
For the RA indication, Cimzia was approved in Japan in Dec 2012. UCBs partner Astellas Pharma, Inc. (ALPMY) has launched the drug in Japan.
UCB is currently looking to get Cimzias label expanded for the treatment of active psoriatic arthritis and active axial spondyloarthritis in the US, EU and other regions.
.2013 Guidance
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UCB Sales Drop in 1Q