U.S. court allows generic version of Indivior opioid abuse drug

By Jan Wolfe (Reuters) - A U.S. appeals court on Tuesday allowed generic drug company Dr. Reddy's Laboratories to sell a copycat version of the Indivior Plc opioid treatment Suboxone Film, sending Indivior's stock price down more than 40 percent

Reuters November 21, 2018 00:06:48 IST
U.S. court allows generic version of Indivior opioid abuse drug

US court allows generic version of Indivior opioid abuse drug

By Jan Wolfe

(Reuters) - A U.S. appeals court on Tuesday allowed generic drug company Dr. Reddy's Laboratories to sell a copycat version of the Indivior Plc opioid treatment Suboxone Film, sending Indivior's stock price down more than 40 percent.

The U.S. Court of Appeals for the Federal Circuit lifted a preliminary injunction that blocked Dr. Reddy's from selling the generic, saying a lower court judge erred in granting the request.

Indivior said in a statement that it would continue to vigorously pursue ongoing U.S. patent litigation against Dr. Reddy's that seeks to block sales of the generic version.

Suboxone Film generates 80 percent of UK-based Indivior’s revenue and helps drug users beat their addiction to opioids and is dissolved under the tongue.

Indivior, spun off from consumer products group Reckitt Benckiser in 2014, said in June it would consider selling its own generic product if Dr. Reddy’s launched a copycat version.

Indivior's contingency plans also focus on optimizing the launch of Sublocade, a once-a-month injectable drug to suppress opioid craving, launched in the United States in February.

Hyderabad, India-based Dr. Reddy's did not immediately respond to a request for comment.

(Reporting by Jan Wolfe; Editing by Chizu Nomiyama)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.