The Associated Press August 10, 2010, 4:50PM ET

Noven Therapeutics to acquire rights to Daytrana

Noven Pharmaceuticals Inc. said Tuesday that it has reached an agreement with Shire PLC to market and sell a patch for Attention Deficit and Hyperactivity Disorder.

Noven did not disclose how much it paid for the global rights to Daytrana.

The drug was developed and manufactured by Noven but was originally licensed to Shire in 2003 and launched in the U.S. in 2006.

Shares of Shire rose 77 cents to close Tuesday at $71.18.


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