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Indivior Looks To Cement Addiction Drug Leadership With Opiant Buy

Paying $145m Upfront Plus CVR

 
• By Kevin Grogan

Some observers believe Indivior is paying a very reasonable price to get hold of OPNT003, an intranasal formulation of the opioid antagonist nalmefene, which is expected to be filed with the US FDA by the end of the year.

Opioid flag
Indivior Hopes Opiant Will Help It Tackle US Opioid Abuse Crisis • Source: Shutterstock

Indivior plc is strengthening its market-leading position in addiction treatment by paying $145m to acquire Opiant Pharmaceuticals, Inc.  of the US and its promising late-stage nasal spray for opioid overdose.

The UK-listed, US-headquartered company will pay $20 per share, representing a 110% premium to Opiant's closing price on 11 November. Indivior will fork out another $8 per share in contingent value rights (CVR) depending on the success of OPNT003, an intranasal formulation of the opioid antagonist nalmefene

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