Monday, 18 June 2018

Indivior's shares rise after US court blocks Dr Reddy's generic drug

Indivior stuck to its 2018 revenue guidance on Friday but said it would revisit the forecast if Dr Reddy's launches the cheaper drug. Shares in British drugmaker Indivior rose on Monday after a US Court granted a temporary restraining order blocking Dr Reddy's Laboratories from launching a generic version of Indivior's best-selling opioid addiction treatment. Indivior shares rose more than 6 per cent in early trade, after falling by nearly a third on Friday after Dr Reddy's and US-based Mylan NV received FDA approval for a generic version of Suboxone Film, which generates 80 per cent of Indivior's revenue.


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