The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRB..L Share News (RB.)

  • There is currently no data for RB.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Former Indivior CEO pleads guilty in U.S. in opioid addiction treatment probe

Tue, 30th Jun 2020 21:48

(Adds comment from defense lawyer and Indivior)

By Nate Raymond

June 30 (Reuters) - Shaun Thaxter, the former chief
executive of drugmaker Indivior Plc, pleaded guilty on
Tuesday to a criminal charge arising out of a U.S. Justice
Department investigation into the marketing of its opioid
addiction treatment Suboxone.

Thaxter pleaded guilty in federal court in Abingdon,
Virginia to a misdemeanor count of introducing misbranded drugs
into interstate commerce. The plea came a day after Indivior
said he was stepping down as CEO.

Prosecutors said Thaxter failed to prevent employees from
sharing misleading safety information about the drug with
Massachusetts' Medicaid program as it considered expanding
coverage for it.

Wick Sollers, his attorney, said Thaxter was "unaware of the
alleged misstatements when they were made." Thaxter faces up to
one year in prison when he is sentenced on Sept. 29 and has
agreed to pay $600,000 in fines and forfeitures.

The plea came after Indivior in April 2019 was indicted and
charged with engaging in an illegal scheme to boost
prescriptions of Suboxone in one of the few corporate
prosecutions related to the U.S. opioid addiction
epidemic.

Prosecutors alleged Indivior deceived doctors and healthcare
benefit programs into believing the film version of Suboxone,
which has an opioid component, was safer and less susceptible to
abuse than similar drugs.

The indictment said Indivior also used an internet and
telephone program touted as a resource for opioid addicts to
connect them to doctors it knew were prescribing Suboxone and
other opioids at high rates and in suspect circumstances.

Prosecutors said the scheme began before British consumer
goods company Reckitt Benckiser spun off Indivior.
Reckitt Benckiser last year agreed to pay $1.4 billion to
resolved related claims.

Slough, England-based Indivior denies wrongdoing and is
scheduled to face trial in September. Indivior on Tuesday said
it is working to "resolve outstanding investigations and
litigations as expeditiously as possible."
(Reporting by Nate Raymond in Boston
Editing by Chris Reese and Marguerita Choy)

More News
29 Sep 2020 09:12

LIVE MARKETS-Contactless after COVID-19

* European shares open lower* Eyes on Trump-Biden debate after market close* Brexit talks resume today* STOXX 600 -0.5%, banks pull back Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporter...

Read more
29 Sep 2020 08:58

LIVE MARKETS-Where's "the FOMO buy the dip mob" now?

* European shares open lower* Eyes on Trump-Biden debate after market close* Brexit talks resume today* STOXX 600 -0.5%, banks pull back Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporter...

Read more
29 Sep 2020 08:24

LIVE MARKETS-Opening snapshot: profit taking kicks in

* European shares open lower* Eyes on Trump-Biden debate after market close* Brexit talks resume today* STOXX 600 -0.5%, banks pull back Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporter...

Read more
29 Sep 2020 07:51

LIVE MARKETS-Trump-Biden debate, Brexit talks, M&A on our radar

* European shares seen little changed* Eyes on Trump-Biden debate after market close* Brexit talks resume today* Euro STOXX 50 futures down 0.2% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks ...

Read more
25 Sep 2020 10:21

UPDATE 2-UK's Tesco blocks bulk-buying of toilet roll and flour

(Adds background, details)LONDON, Sept 25 (Reuters) - Britain's biggest supermarket Tesco will prevent customers from bulk-buying flour, pasta, toilet roll and anti-bacterial wipes to prevent a re-run of the COVID-19 stockpiling that stripped shel...

Read more
24 Sep 2020 17:59

UPDATE 2-Britain's Morrisons reintroduces rationing after new COVID curbs

(Adds comments from Kimberly Clark and P&G)LONDON, Sept 24 (Reuters) - Morrisons on Thursday became the first major British supermarket chain to reintroduce shopper restrictions on purchases of key items after the government imposed new measures t...

Read more
24 Sep 2020 17:59

UPDATE 1-Britain's Morrisons reintroduces rationing after new COVID curbs

(Adds details)LONDON, Sept 24 (Reuters) - Morrisons on Thursday became the first major British supermarket chain to reintroduce shopper restrictions on purchases of key items after the government imposed new measures to stem a second wave of COVI...

Read more
22 Sep 2020 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
15 Sep 2020 13:47

Tuesday broker round-up

(Sharecast News) - Glencore: RBC Capital Markets upgrades to outperform with a target price of 240.0p

Read more
9 Sep 2020 17:04

LONDON MARKET CLOSE: Stocks Rise Despite Covid-19 Vaccine Setback

LONDON MARKET CLOSE: Stocks Rise Despite Covid-19 Vaccine Setback

Read more
3 Sep 2020 09:41

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts LandSec, British Land

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts LandSec, British Land

Read more
17 Aug 2020 10:27

Ex-divs to take 7.7 points off FTSE 100 on 20 August

By Joice Alves LONDON, Aug 17 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current ma...

Read more
13 Aug 2020 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
2 Aug 2020 20:04

Sunday share tips: Reckitt Benckiser, ITV

(Sharecast News) - Despite the sag in Durex in sales during the first half at Reckitt Benckiser's, the Mail on Sunday's Rosie Murray-West told readers to 'hold' onto the shares.

Read more
30 Jul 2020 09:33

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Tullow Oil To Hold

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Tullow Oil To Hold

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.