Supernus Pharmaceuticals IncSupernus announced a merger with Indivior, targeting $125 million in annual cost synergies, and reported strong revenue growth, though it missed profit estimates.
Supernus Pharmaceuticals announced a definitive agreement to merge with Indivior Pharmaceuticals in a tax-free, all-stock transaction. The combined company will operate under the Supernus name and hold a portfolio of 11 FDA-approved drugs across neurology, addiction, and psychiatry. The deal, which is subject to shareholder and regulatory approvals, is expected to close in the fourth quarter and targets $125 million in annual cost synergies. Separately, Supernus reported second-quarter revenue of just over $219 million, a 32% increase driven by collaboration revenue from Biogen for Zurzuvae, but posted a net loss of over $58 million, or $1.01 per share, missing analyst profit estimates. The stock rose as much as 16% before closing 3% higher, outperforming the S&P 500's 1.5% gain.
Supernus Pharmaceuticals IncSupernus announced a merger with Indivior, targeting $125 million in annual cost synergies, and reported strong revenue growth, though it missed profit estimates.
Indivior PLC Ordinary SharesIndivior is merging with Supernus in an all-stock deal, creating a combined company with a larger portfolio and cost synergies.
Biogen IncCollaboration revenue from Biogen for Zurzuvae drove Supernus's revenue growth, indicating strong product demand.