Addiction Drug Company Indivior Sets Sights on Nasdaq

Targeting spring 2023 for a NASDAQ listing.

London-based bio-tech company Indivior is hosting a capital markets day in New York, but the company did release some information prior to the all-day event and stated it plans to list on the Nasdaq. It is targeting the spring of 2023 for its listing.

The company focuses on addiction treatment solutions. It recently announced its plan to buy Opiant Pharmaceuticals, Inc. (Nasdaq: OPNT) in a deal valued at $145 million in order to diversify its product portfolio and expand its reach in addiction treatment and science. Opiant is best known for selling the  opioid overdose treatment Narcan

“We have made tremendous progress executing on our strategic priorities,” said CEO Mark Crossley. “We are the pioneer and global leader in addiction treatment and science and are well-positioned to transform the lives of the increasing number of patients affected by the opioid crisis, one of the most urgent public health emergencies of our time. Today, my team and I are excited to provide a deep review of our business and to highlight the compelling opportunities we have to innovate in the treatment of addiction and serious mental illness while delivering profitable growth and significant value creation for shareholders.”

Opioid Addiction

The company’s primary product is Sublocade (buprenorphine extended-release) which is a once-a-month injection to fight opioid addiction. The company believes it can achieve a NR run rate of $1 billion by the end of 2025. In a statement the company said this would be “driven by its focus on further developing the Organized Health Systems (OHS) channel and pursuing the large opportunity in the U.S. Justice System. Longer term, based on the expected positive market dynamics for buprenorphine medication-assisted treatment (BMAT) and on continued execution against its OHS strategy, Indivior now expects to deliver Sublocade peak potential NR of >$1.5 billion.”

Indivior also noted that for the past two years it has been spending heavily to support Sublocade and its schizophrenia drug Perseris and that those expenses are expected to grow at a more moderate pace and to decline as a percentage of NR. “This impact is expected to be partly offset by an increase in R&D expenses as a percentage of NR towards industry benchmarks as the company seeks to build a strong and balanced pipeline focused on addiction treatments.”

The company hopes to expand its addiction treatment to cover alcohol in the future.

Debra Borchardt

Debra Borchardt is the Co-Founder, and Executive Editor of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Master's degree in Business Journalism from New York University.


Leave a Reply

Your email address will not be published. Required fields are marked *

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 2 hours

FDA Says CBD Still Can’t Be Dietary Supplement

@GreenMarketRpt – 6 hours

Mind Cure Continues Its Winding Down Process

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.