The following is a summary of the Indivior PLC (INDV) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Indivior PLC reported a Q2 net revenue of $299 million, an 8% growth from the previous year, driven by strong performance of SUBLOCADE which saw a 24% net revenue increase.

• SUBLOCADE revenue outside of the US grew 30% year-over-year to $13 million.

• They announced a $100 million share repurchase program, highlighting confidence in their financial outlook.

Business Progress:

• Enhanced commercial investments in SUBLOCADE have increased active dispensing healthcare providers and justice system accounts.

• Indivior completed the cessation of Coursera sales and marketing and is managing treatment transition for patients.

• They started the delivery on the BARDA contract contributing to fiscal year 2024 net revenue.

• Achieved a US primary listing enhancing their visibility in the investment community.

• Indivior is transitioning to US GAAP reporting starting March 2025.

Opportunities:

• Indivior sees an opportunity to drive governance and efficiency with new stock buyback. This strengthens investor confidence and capital structure.

• Growth in alternative sites of care for SUBLOCADE representing increased accessibility and improved distribution.

Risks:

• Indivior faces several operational risks such as transitory headwinds affecting SUBLOCADE sales which they predict to ease in the coming years.

• There's litigation risk presented by $85 million antitrust payments and a proposed $75 million settlement regarding opioid lawsuits, which implies financial and reputational challenges.

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