Addiction Treatment Company, Indivior, Reports 12% YoY Growth For First Quarter Led By Sublocade Sales
Portfolio Pulse from Nina Zdinjak
Indivior (NASDAQ:INDV), a pharmaceutical company specializing in treatments for substance use disorders and mental illnesses, reported a 12% year-over-year revenue growth for Q1, reaching $284 million. The growth was primarily driven by sales of SUBLOCADE, a treatment for opioid use disorder. Despite facing challenges such as Medicaid disenrollments, a cyberattack, and trade destocking, the company remains optimistic, reconfirming its 2024 guidance for SUBLOCADE revenue and margin expansion. Net income and operating profit also saw increases compared to the same period last year.
April 25, 2024 | 2:04 pm
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Indivior reported a 12% increase in Q1 revenue, driven by SUBLOCADE sales, and reaffirmed its 2024 financial guidance, indicating strong performance and optimism despite facing temporary setbacks.
The positive revenue growth and reaffirmation of the 2024 guidance suggest a strong market position and operational resilience. The temporary challenges mentioned are expected to resolve, indicating a potential for continued positive performance. The focus on SUBLOCADE and its growth in the justice system also highlight a strategic advantage that could further drive revenue.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100