SLOUGH, England and RICHMOND, Va., Oct. 24, 2018 /PRNewswire/ -- Indivior PLC (LON: INDV) ("Indivior" or the "Company")
"This bipartisan effort will improve the ability of patients with opioid use disorder (OUD) to access treatment and begin their path to recovery. This is critical in the fight against the increasing number of human lives lost to opioid overdose in the United States every year," said Indivior Chief Executive Officer Shaun Thaxter. "We know from our decades-long commitment to helping patients with this complex and stigmatized disease that there is a small window of time when a person is emotionally and physically able to pursue treatment. H.R. 6 will make treatment more immediately accessible and allow healthcare professionals to care for more patients when they decide to seek help."
Specifically, this legislation expands access to buprenorphine medication-assisted treatment (BMAT) by:
The opioid addiction epidemic in the United States is a national public health emergency, with more than 11 million people impacted nationwide and an average of nearly five people dying from opioid overdose every hour of every day.1,2,3 OUD, commonly referred to as opioid addiction,4 is a chronic disease that changes the brain.5 The patient journey to treatment and recovery is complex, with many barriers, such as social stigma, challenges accessing treatment and prescribers, and difficulty adhering to treatment plans, which can lead to relapse.5,6 More than 2.5 million patients have OUD, the majority of whom do not receive medication-assisted treatment (MAT).7
"We are pleased that the SUPPORT for Patients and Communities Act expands treatment authorization and ensures increased access to new, innovative FDA-approved buprenorphine formulations for OUD treatment. This, in addition to allowing certain qualified waivered practitioners to immediately treat up to 100 patients at a time, is imperative in combatting the current opioid crisis," said Indivior Chief Medical Officer Ponni Subbiah, M.D. "As each patient's journey towards recovery is different, access to all evidence-based treatment options is essential. We look forward to working together with the Administration on the implementation of these critical provisions."
This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for or otherwise acquire or dispose of shares in the Company to any person in any jurisdiction to whom it is unlawful to make such offer or solicitation.
About IndiviorIndivior is a global specialty pharmaceutical company with a 20-year legacy of leadership in patient advocacy and health policy while providing education on evidence-based treatment models that have revolutionized modern addiction treatment. The name is the fusion of the words individual and endeavour, and the tagline "Focus on you" makes the Company's commitment clear. Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Building on its global portfolio of opioid dependence treatments, Indivior has a strong pipeline of product candidates designed to both expand on its heritage in this category and address other chronic conditions and co-occurring disorders of addiction, including alcohol use disorder and schizophrenia. Headquartered in the United States in Richmond, VA, Indivior employs more than 900 individuals globally and its portfolio of products is available in over 40 countries worldwide. Visit www.indivior.com to learn more.
Forward-Looking StatementsThis announcement contains certain statements that are forward-looking and which should be considered, amongst other statutory provisions, in light of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements involve risk and uncertainty as they relate to events or circumstances that may or may not occur in the future. Actual results may differ materially from those expressed or implied in such statements because they relate to future events. Forward-looking statements include, among other things, statements regarding the Indivior Group's financial guidance for 2018 and its medium- and long-term growth outlook, its operational goals, its product development pipeline and statements regarding ongoing litigation.
Various factors may cause differences between Indivior's expectations and actual results, including: factors affecting sales of Indivior Group's products; the outcome of research and development activities; decisions by regulatory authorities regarding the Indivior Group's drug applications; the speed with which regulatory authorizations, pricing approvals and product launches may be achieved; the outcome of post-approval clinical trials; competitive developments; difficulties or delays in manufacturing; the impact of existing and future legislation and regulatory provisions on product exclusivity; trends toward managed care and healthcare cost containment; legislation or regulatory action affecting pharmaceutical product pricing, reimbursement or access; claims and concerns that may arise regarding the safety or efficacy of the Indivior Group's products and product candidates; risks related to legal proceedings, including the ongoing investigative and antitrust litigation matters; the Indivior Group's ability to protect its patents and other intellectual property; the outcome of patent infringement litigation relating to Indivior Group's products, including the ongoing ANDA lawsuits; changes in governmental laws and regulations; issues related to the outsourcing of certain operational and staff functions to third parties; uncertainties related to general economic, political, business, industry, regulatory and market conditions; and the impact of acquisitions, divestitures, restructurings, internal reorganizations, product recalls and withdrawals and other unusual items.
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