April 25 (Reuters) - UK-listed drugmaker Indivior ( INDV )
plans to seek shareholder approval next month for a
primary listing in the United States, the company said on
Thursday, which would add it to a growing list of firms leaving
the London stock market.
Indivior ( INDV ) had, in February, announced its intent to shift its
listing by the middle of the year to the U.S., which, it argued,
reflected its growth opportunities as its proprietary treatments
are U.S.-centred and U.S.-based investors account for nearly 50%
of its overall shareholder base.
The list of UK-based companies that have already listed in
the United States includes ARM, the UK's biggest chip
company, as well as building supplies firm CRH and
plumbing equipment company Ferguson.
Indivior ( INDV ) also reaffirmed its annual outlook after logging in
a 12% net revenue growth in the first quarter, boosted by strong
demand for its Sublocade treatment for opioid use disorder.
However, its adjusted operating profit inched down 1% to $70
million in the three months ended March 31.
The company said it expects its top- and bottom-line growth
to accelerate over the rest of 2024, particularly in the second
half.