viewIndivior PLC

Indivior’s Suboxone drives up expectations once again

The company expects 2019 group net revenue to be up to US$790mln, compared to previous forecasts of up to US$720mln

Indivior PLC - Indivior’s Suboxone drives up expectations once again
The all share-listed firm announced it will stop producing a generic oral product after a change in US legislation

Indivior PLC (LON:INDV) shares jumped after the pharma business upgraded its expectations for the second time in three months, as its flagship anti-opioid addiction drug Suboxone stays ahead of generic competitors.

However, due to a change in US government calculation for generic drug pricing, the company said it will stop producing a generic oral product containing the same active principles as Suboxone to mitigate financial risks.

READ: Indivior unveils big upgrade as Suboxone digs in against generic competitors

Indivior said this decision is partly aimed at protecting its investment in Sublocade, a once-monthly injectable alternative to Suboxone, with patients still having the choice of three other rival generic products to Suboxone.

The UK and US-based company expects 2019 group net revenue to be between US$750mln-US$790mln, compared to previous guidance of US$670mln-US$720mln.

Net income is now estimated to be in the range of US$160mln-US$190mln, while it was previously US$80mln-US$130mln.

Cash management

Cash at the end of the three months to September 30 is estimated to be US$1bn.

“We cannot be certain how long this benefit will last and hence we continue to prudently manage the additional cash flow this is providing us to help transition our business towards our novel depot technologies,” said chief executive Shaun Thaxter.

“This action is, however, necessary for Indivior to meet its obligations to its stakeholders and to continue our relentless focus on combating the opioid crisis with Sublocade,” he added, in relation to the discontinued product, mentioning the decision “was not taken lightly”.

Shares were up 12% to 55.66p on Tuesday morning.

Quick facts: Indivior PLC


Price: 209.8 GBX

Market Cap: £1.52 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


FTSE takes a beating with stagflation and gas price surge worries

FTSE 100 suffered a grim open due to global worries about stagflation and local concerns over gas prices. London’s leading index slumped 85 points to 6,877 in early trading. The UK government is mulling over emergency state-backed loans to energy companies as they struggle to survive with gas...

2 hours, 30 minutes ago

2 min read