Skip to content

Here’s Why Indivior Share Price Gained Over 5% Today

Analyst Team trader
Updated 24 Sep 2020

Practice Stock Trading
Indivior pharma

Shares of Indivior PLC (LON: INDV) gained more than 5% today after the UK-based drugmaker announced plans to save up to $70 million next year.

The restructuring process will include job cuts, as well as amendments to supply chains in the United States. In addition, the drugmaker will suspend merit-based pay increases and slash third-party expenses.

“While some of the expected savings will be reinvested … we will retain a large portion of the expected savings to preserve the group’s flexibility through the COVID-19 pandemic,” new Chief Executive Officer Mark Crossley said.

As for its performance, Indivior said that its 3Q performance has been in line with prior forecasts.

Indivior share price gained nearly 6% to trade at 122.4p.

Indivior share price gains on anticipated savings September 2020


The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.