130 job cuts at Indivior as addiction med faces competition

11 July 2024

Indivior (LSE: INDV) has announced it will cut around 130 jobs as part of its decision to discontinue sales and marketing for Perseris (risperidone).

Blaming a “highly competitive market” for the decision, the UK-based firm saw its share price drop around 40% following the announcement.

In a business update, Indivior also adjusted its financial outlook for the second quarter and full year 2024, due to adverse market dynamics affecting Sublocade (buprenorphine) growth and the initial commercial uptake of Opvee (nalmefene).

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