Back to top

Analyst Blog

ViroPharma Incorporated recently provided guidance for 2013. ViroPharma expects net product sales between $450 million and $475 million in 2013 on a worldwide basis.  Cinryze sales are expected in the range of $390 million - $400 million in North America.  

ViroPharma expects sales from its key product Cinryze to come around $321 million in 2012, towards the lower end of the company’s previously announced guidance of $320 million – $335 million. Approximately $311 to $312 million of total Cinryze sales was attributed to actual patient demand while an increase in channel inventories accounted for the remainder. 
ViroPharma expects channel inventories to return to normal levels in the first quarter of 2013.
Meanwhile, the commercial launches of Cinryze, Buccolam and Plenadren in Europe are gaining traction and will contribute to top line growth in the coming years. 
ViroPharma is also upbeat about its pipeline. The company and partner Halozyme Therapeutics (HALO - Snapshot Report) initiated a phase IIb study in late December to evaluate the safety and efficacy of a subcutaneous administration of Cinryze in combination with Halozyme's Enhanze technology. 
ViroPharma projects research and development (R&D) and selling, general and administrative (SG&A) expenses to come around $240 - $260 million in 2013. 
We expect the company to meet its target in 2013 driven by the continued success of Cinryze.  However, we note that Vancocin has been the major growth driver for the company in the last few years. Although the prospects for Cinryze look bright for ViroPharma, we remain concerned about the company’s dependence primarily on Cinryze for growth. we remain concerned about the decline in Vancocin sales due to increasing generic competition. 
Hence, we prefer to be on the sidelines as of now and have a Neutral recommendation on ViroPharma which carries a Zacks #3 Rank (Hold). Pharma stocks which currently look attractive are Valeant Pharmaceuticals International Inc. (VRX - Analyst Report) and Ironwood Pharmaceuticals, Inc. (IRWD - Analyst Report) which carry a Zacks #1 Rank (Strong Buy). 

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%