I saw some questions about what it means. Here’s a little more context.
- 2002 – Reckitt Benckiser introduced Suboxone.
- 2010 – Suboxone’s patent is expiring and Reckitt Benckiser claimed that Suboxone pills present a safety hazard to children and should be pulled off the market while they introduce a new film version with a new patent.
- 2014 – Reckitt Benckiser spins off Suboxone into a new company called Indivior.
Here’s some reporting on the implications of the settlement:
Reckitt’s settlement only covers allegations dating to the period before Indivior’s 2014 spinoff, Indivior said in a statement. Reckitt was not directly named in the feds’ criminal investigation, and prosecutors are still investigating Indivior’s own marketing of Suboxone. The company was indicted on criminal charges in April.Fierce Pharma
So . . . that appears to be a wrap for Reckitt Benckiser.
Here’s the latest with Indivior:
The settlement partly clears the cloud of uncertainty over Indivior. The company sliced its 2019 sales forecast in half in May after the federal indictment and lower-than-expected uptake of its branded Suboxone Film. The company teamed up with Novartis’ generics unit Sandoz to roll out an authorized generic earlier this year.Fierce Pharma
However, Indivior reversed that revised guidance Thursday, announcing Suboxone’s “outperformance” in the second quarter. The company said its projected revenue on the year is now forecast between $670 million and $720 million—a 25% increase over the previous forecast—thanks to its success at preserving market share
UPDATE: This ABC News article does a good job describing the allegations against Reckitt Benckiser.