HSR Period for Opiant Acquisition Expires

RNS Number : 9482O

Indivior PLC

06 February 2023

 

 

Indivior Announces Expiration of Hart-Scott-Rodino Waiting Period for Acquisition of Opiant Pharmaceuticals, Inc.

Slough, UK, and Richmond, VA, February 6, 2023 - Indivior PLC (LSE: INDV) today announces the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the previously announced agreement to acquire Opiant Pharmaceuticals, Inc. ("Opiant") for $20.00 per share in cash plus up to $8.00 per share in contingent value rights.

The expiration of the HSR waiting period occurred at 11:59 p.m. EDT on February 2, 2023, which was a condition to the closing of the pending transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Opiant stockholders and the receipt of remaining applicable regulatory approvals.

About Indivior

Indivior is a global pharmaceutical company working to help change patients' lives by developing medicines to treat substance use disorders (SUD) and serious mental illnesses. Our vision is that all patients around the world will have access to evidence-based treatment for the chronic conditions and co-occurring disorders of SUD. Indivior is dedicated to transforming SUD from a global human crisis to a recognized and treated chronic disease. Building on its global portfolio of OUD treatments, Indivior has a pipeline of product candidates designed to both expand on its heritage in this category and potentially address other chronic conditions and co-occurring disorders of SUD, including alcohol use disorder and cannabis use disorder. Headquartered in the United States in Richmond, VA, Indivior employs more than 900 individuals globally and its portfolio of products is available in 39 countries worldwide. Visit www.indivior.com to learn more. Connect with Indivior on LinkedIn by visiting www.linkedin.com/company/indivior.

Contact:

Jason Thompson

Vice President, Investor Relations

Tel: [phone] or [e-mail]

Tim Owens

Director, Investor Relations

Tel: [phone] or [e-mail]

###

 

END

 

 

UPDSSUEFIEDSELE