MONSEY, N.Y., July 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether Indivior PLC (Nasdaq: INDV) (“Indivior”) has violated the federal securities laws after the company announced, among other developments, lower than expected SUBLOCADE net revenue in Q2 based on continued adverse market dynamics impacting near-term SUBLOCADE net revenue growth.
Upon this surprise news, Indivior shares have so far fallen over 30% in trading on July 9, 2024.
If you are an Indivior shareholder and have suffered losses, you may contact us at the following link to discuss your legal rights and options at no charge:
https://wohlfruchter.com/cases/indivior/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
Why is there an investigation?
On July 9, 2024, Indivior announced a conference call on short notice for 8:00 A.M. Eastern time. The purpose of the call was to, among other things, announce lower than expected SUBLOCADE net revenue in Q2 based on continued adverse market dynamics impacting near-term SUBLOCADE net revenue growth, including ongoing Medicaid disenrollments, lower-than-expected channel inventory levels of SUBLOCADE, and longer-than-expected activation times with new criminal justice system accounts.
During the question-and-answer session on the call, an analyst expressed surprise at the announcement, noting that management was very aggressive at the start of the year on the outlook for SUBLOCADE despite the fact that there were dynamics in the market that resulted in a changing environment.
Upon this surprise news, Indivior shares have so far fallen over 30% in trading on July 9, 2024.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
