Indivior Share Discussion Threads

[letmepass] 10/4/2019 12:19

Swapped now long.. Bring it on.. Way oversold. Big bounce coming

[tsmith2] 10/4/2019 12:15

bought a chunk at 23p

- existing provisions $900mn by RB and INDV
- existing cash pile
- DoJ obviously rattling cage, Trump approach.
- fall today

[mrjackpot777] 10/4/2019 12:15

who cares !!!!!!!!!!!!!!

Yankees want blood.

[sarkasm] 10/4/2019 12:15

Indivior shares tumble over threat of mammoth £2.3bn fine in US

PA
Apr 10th 2019 6:02AM

Shares in Indivior crashed on Wednesday after the drug company said it was facing a fine of up to 3 billion US dollars (£2.3 billion), leading analysts to suggest it could bankrupt the firm.

Indivior said a grand jury in the Western District of Virginia issued an indictment of 28 charges against the firm related to fraud.

The felonies, issued in connection with a federal criminal investigation initiated by the US Department of Justice in 2013, detail a host of allegations including conspiracy to commit mail, wire and healthcare fraud.

According to the indictment, Indivior “obtained billions of dollars in revenue from Suboxone Film prescriptions by deceiving healthcare providers and healthcare benefit programmes into believing that Suboxone Film was safer, less divertible, and less abusable than other opioid-addiction treatment drugs”.

Suboxone, an opioid addiction treatment, accounts for around 80% of Indivior’s revenue.

Analysts at Jefferies said they do not believe Indivior has the resources to pay such a fine, “hence we believe it would require either a major rights issue or could lead the company to bankruptcy”.

Shares tumbled more than 72% to 28.9p as investors fled from the stock.

The fallout also threatens to engulf Reckitt Benckiser, which owned Indivior until 2014.

The FTSE 100 giant said in a statement: “This indictment is not against RB Group plc or any other group company and we currently have no additional or new information in respect of this matter, apart from what has been publicly issued by the Department of Justice and Indivior.”

Reckitt has set aside 400 million US dollars (£313 million) to cater for any knock-on effects.

Shares in Reckitt were down nearly 7% at 5,977p.

[blackbear] 10/4/2019 12:13

share price on not guilty?

[the canadian mounted] 10/4/2019 12:12

Suckers sell ,savy buy 👍🏽

[the canadian mounted] 10/4/2019 12:10

Buy today tuck away!

[enewman36] 10/4/2019 12:10

You've been saying that for the last few hours, lol

[dealy] 10/4/2019 12:09

I've seen some drops in my time but never a 1 day drop like this

[the canadian mounted] 10/4/2019 12:09

Lovely rebound coming soon 👍🏽

[urbanvoltage] 10/4/2019 12:08

12:01 - 10/04
Buy 5376796 29.91p £1,608,199.68
11:11 - 10/04
Sell 301268 24.42p £73,569.65
11:48 - 10/04
Buy 255375 25.95p £66,269.81
09:12 - 10/04
Sell 215526 35.00p £75,434.10
10:47 - 10/04
Buy 215350 25.46p £54,828.11

[tsmith2] 10/4/2019 12:05

Not sure if peeps have picked up on this but..

RB. have a $400 million provision in THEIR OWN accounts for this.

so between the 2 companies they've already provided for $900mn

[newtothisgame3] 10/4/2019 12:01

#INDV #Indivior’s future looked uncertain on Wednesday after the US justice department charged the addiction treatment specialist with using an illicit scheme to boost prescriptions of an opioid drug.

[newtothisgame3] 10/4/2019 12:00

#INDV #Indivior’s future looked uncertain on Wednesday after the US justice department charged the addiction treatment specialist with using an illicit scheme to boost prescriptions of an opioid drug.

[royalles] 10/4/2019 11:58

Bouncing around like a kangaroo on a pogo stick lol

[buywell2] 10/4/2019 11:46

Why has the company not called for a trading halt ?

Headless Chicken Syndrome


Now we have some buying .... a lift in prospect 30p retest perhaps


Halting at 26.5p ish

[buywell2] 10/4/2019 11:45

High frequency trading/Bots kicking in now


11:23:56 22.91 29,581 25.00 21.56 ? - - -

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11:23:49 22.00 48,165 25.00 21.56 ? - - -

11:23:49 22.10 48,165 25.00 21.56 ?

[sarkasm] 10/4/2019 11:34

Price (GBX) 22.66 Var % (+/-) -78.61% (Down -83.29)

[mrjackpot777] 10/4/2019 11:32

I am off to bone my bird people.

Casino had to paid out today. Will re-open when the fireman comes, the roof is on fire.

Mr J

[mrjackpot777] 10/4/2019 11:30

I closed people.