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INDV Indivior Plc

1,408.00
8.00 (0.57%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Indivior Plc LSE:INDV London Ordinary Share GB00BN4HT335 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 0.57% 1,408.00 1,403.00 1,414.00 1,426.00 1,365.00 1,400.00 660,233 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 1.09B 2M 0.0148 952.03 1.91B

Indivior: U.S. Court Finds No Patent Violation in Rivals' Generic Medicine

15/07/2019 3:33pm

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By Carlo Martuscelli

 

Indivior PLC (INDV.LN) said Monday that a U.S. court ruled that Dr. Reddy's Laboratories Ltd. (500124.BY) and Alvogen Inc. (AVGN.XX) had not infringed on a patent for its Suboxone film anti-opioid addiction medication.

The two companies brought generic treatments to market for opioid addiction in February. The court decision confirms that these products aren't in violation of Indivior's patented product.

The U.S. court did rule against a third rival, Actavis Laboratories UT, Inc., which is barred from selling its product until the patent expiry in 2024.

Indivior shares at 1351 GMT were down 2.55 pence, or 5.80%, to 43.22 pence.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

July 15, 2019 10:18 ET (14:18 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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