UK drugmaker loses half its $1.9 bn value as Dr Reddy's wins case
A US court on Tuesday allowed Dr Reddy's to sell a generic version of UK drugmaker Indivior's opioid treatment drug Suboxone Film in the US, its largest market. Indivior's shares have fallen about 54% in two days, bringing down the company's market value to $900 million from $1.92 billion. Indivior derives 80% of its annual $1 billion revenues from Suboxone.