Supernus-Indivior Merger Creates CNS Leader with $2.2B Revenue, 2026 Close
Aug 3, 2026, 6:33 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
All-stock deal with clear synergies and a credible path to higher pro forma revenue/EBITDA can re-rate SUPN on scale and cash-flow potential; risk includes integration challenges and share dilution effects on existing SUPN holders.
AI summary
What happened, with direct paths to the underlying reporting
Supernus and Indivior announced a tax-free all-stock merger of equals to form a diversified CNS biopharma with pro forma revenue of $2.2 billion and EBITDA of $888 million. The deal targets $125 million in annual cost synergies and strengthens the balance sheet with leverage under 1x, while appointing leadership from both sides; closing is targeted for Q4 2026.
All-stock merger of equals creates a CNS-focused platform; pro forma revenue $2.2B.
Merger targets $125M annual cost synergies and stronger financial flexibility.
New entity named Supernus, Inc.; Indivior to own ~56.5% post-close.
Close expected in Q4 2026; leadership to include Jack Khattar as CEO.
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