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Indivior profit slumps on legal costs, higher litigation provisions

Published 14/05/2020, 12:34
Updated 14/05/2020, 12:35
© Reuters.

(Reuters) - British drugmaker Indivior (L:INDV) on Thursday reported a steep fall in first-quarter profit, as it spent heavily on promoting its newer opioid treatment and incurred higher costs related a U.S. investigation into its best-selling drug.

The company, which withdrew its 2020 forecast last month over uncertainty related to the coronavirus crisis, said adjusted operating profit in three months to March fell to $3 million(2.46 million pounds) from $102 million a year ago. (https://

London-listed Indivior, which was spun-off from Reckitt Benckiser (L:RB), also said it had increased its litigation and antitrust provisions to $621 million from $438 million previously.

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