Supernus Completes Merger with Indivior to Form Combined CNS Biopharmaceutical Company
Supernus Pharmaceuticals has completed its merger with Indivior Pharmaceuticals, forming a combined entity operating as Supernus, Inc. Under the terms of the agreement, Supernus stockholders received 1.5401 shares of Indivior common stock for each share owned, resulting in former Indivior stockholders owning approximately 56.5% and former Supernus stockholders owning approximately 43.5% of the combined company. The company also entered into a $650 million senior secured term loan facility to help fund a $1.0 billion special cash dividend to legacy Indivior stockholders.
Key points
- The merger was completed on November 2, 2026, combining Supernus Pharmaceuticals and Indivior Pharmaceuticals into Supernus, Inc.
- Supernus stockholders received 1.5401 shares of Indivior common stock for each share of Supernus common stock owned.
- The combined company secured a $650 million term loan facility with Citibank, N.A. to help finance a $1.0 billion aggregate special cash dividend to legacy Indivior stockholders.
- Former Indivior stockholders own approximately 56.5% and former Supernus stockholders own approximately 43.5% of the combined company on a fully diluted basis.
The filing
Written by AI (Google Gemini, gemini-3.5-flash-lite) on Nov 2, 2026, 11:17 AM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.