Indivior agrees to repurchase $75m debts

Pharmaceutical group Indivior has agreed a deal to buy back $75m ($49.8m) worth of syndicated debts.

The FTSE 250 group said it will retire the debt during the course of the week , adding it expects debt for the 2015 financial year to be between $635m and $645m, with cash resources to be between $415m and $425m.

Indivior shares were up 0.83% to 3,758.00 at 0826 GMT on Monday.