Indivior swoops for US addiction specialist in US$200mln deal
Opiant, the business being acquired, is developing drugs that reverse overdose and tackle addiction
Company
LON: INDV
The world leader in addiction treatment with 20 years of experience and a unique, patient-focused approach.We didn’t become the world leader in addiction treatment overnight. Our endeavor started small, with one singular focus – to intimately understand the journey of individuals suffering with addiction. People with addiction are often stereotyped and discounted, creating an environment where many are under-diagnosed, undertreated and under-supported. They’re often unaware of their treatment options, have limited access to treatment, or simply don’t seek it out because they’re afraid of being stigmatized.
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Opiant, the business being acquired, is developing drugs that reverse overdose and tackle addiction
The company forecast net revenue in the range of US$840mln-US$900mln for 2022, reflecting strong growth in the addiction treatment Sublocade
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Indivior will be among the notable names for Wednesday, but really the spotlight will be on UK inflation numbers.
The majority of opioid-related overdose deaths in the US are the result of synthetic opioids such as fentanyl
Scopia Capital Management will remain the top shareholder in the pharma group
Adjusted pre-tax income will be significantly above original guidance
According to ISS, Thaxter left the company with unvested bonus shares worth more than US$1.5mln currently.
Losses for the year were US$173mln with a US$14mln deficit in the final three months
General overhead costs are also expected to come in below the US$470mln-US$480mln range guided previously
Indivior added that as yet it has not been served with a claim
Indivior has been dogged by lawsuits over its opioid dependency treatment suboxone ever since the demerger.
The pharma company reached an agreement in July for the lawsuit over its anti-addiction treatment Suboxone
The US state attorney said Shaun Thaxter had “failed to prevent efforts to build profits through misleading safety claims, which led to millions of dollars in ill-gotten gains for Indivior”
Within the pipeline, the priorities include a potential treatment of alcohol use disorder
The drugmaker has agreed to pay US$600mln over seven years and has pleaded guilty to one count of making a false statement relating to health care matters
The market is pricing only a 20% chance that the best case, a settlement before the court date, according to Jefferies.
The US authorities ruled that Dr. Reddy’s, the producer of the generic version of the drug, demonstrated that certain claims are unpatentable
The pharmaceutical firm said the pandemic had resulted in a “meaningful decline” in enrolments for its SUBLOCADE and PERSERIS injections and the market share strength of its SUBOXONE opioid dependency treatment
Revenues fell 22% last year, primarily due to the erosion of market share for its historical leading product, Suboxone Film for opioid addiction
Researchers confirmed that users of Sublocade reported better health, higher medication satisfaction, increased employment and decreased healthcare utilisation compared with those using a placebo with no medicinal benefit