Indivior Cuts 2024 Outlook As Competition And Market Pressures Weigh On SUBLOCADE: Details
Portfolio Pulse from Lekha Gupta
Indivior PLC (NASDAQ:INDV) has cut its FY24 net revenue guidance due to competition and market pressures affecting its SUBLOCADE product. The company reported preliminary Q3 revenue results and expects lower-than-anticipated net revenue for SUBLOCADE. Indivior's shares fell 16.6% premarket.
October 10, 2024 | 1:28 pm
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Indivior has reduced its FY24 revenue guidance due to increased competition and market pressures on its SUBLOCADE product. The company expects lower-than-anticipated revenue, impacting its stock price negatively.
Indivior's reduction in FY24 revenue guidance and lower-than-expected revenue for SUBLOCADE indicate significant challenges from competition and market pressures. This has led to a sharp decline in its stock price, reflecting investor concerns.
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IMPORTANCE 90
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