CORRECTION: Indivior shares are trading higher after the company announced it reached an agreement with direct purchasers to resolve the antitrust multi-district litigation. The company also issued preliminary Q3 and YTD 2023 results.
Portfolio Pulse from Benzinga Newsdesk
Indivior has reached an agreement with direct purchasers to resolve the antitrust multi-district litigation. The company also issued preliminary Q3 and YTD 2023 results, which has led to a rise in its share price.
October 23, 2023 | 1:14 pm
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POSITIVE IMPACT
Indivior's share price is rising following the resolution of antitrust litigation and the release of preliminary Q3 and YTD 2023 results.
The resolution of the antitrust litigation removes a significant legal risk for Indivior, which is positive for the company. Additionally, the release of preliminary Q3 and YTD 2023 results provides investors with an update on the company's performance, which appears to be well-received given the rise in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100