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OPIANT PHARMACEUTICALS, INC.

opiant.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 14, 2022. Its latest SEC filing is a CT ORDER from Jul 11, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Develops medicines for addiction and drug overdose, including a licensed nasal treatment for opioid overdose, for patients, first responders, and community institutions.

How Did They Make Money?

EBS pays royalties based on NARCAN sales it reports quarterly, with additional payments when sales milestones are met. NIH and BARDA provide grant and contract funding tied to eligible research costs.

FY2021 revenue

Who Were Their Customers?

Overdose-reversal treatments reach first responders and community institutions, as well as patients through pharmacies; EBS commercializes NARCAN under a global license.

Customers above 10% of revenue, FY2021
of revenue from one customer

Did Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2021 and turned 4 cents into free cash flow.

Operating income, FY2021
11% of revenue
▲ Now profitable vs FY2020 (−$2.2M, −8%)
Net income, FY2021
6% of revenue
▲ Now profitable vs FY2020 (−$1.9M, −6%)
Free cash flow, FY2021
4% of revenue
▲ Now profitable vs FY2020 (−$2.1M, −7%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▼ −99%
vs $16.3M in Q3 FY2021
  • Mar 2, 2023 Indivior acquired Opiant, which became its wholly owned subsidiary Shareholders received $20.00 in cash per share and a contingent value right worth up to $8.00.
  • Feb 27, 2023 CEO and CFO agreed to leave after the merger Both agreed to provide transition services for three months after closing.

Grew. Revenue grew 2.6x in 4 years, from $18.4M in FY2017 to $47.8M in FY2021, about 27% a year.

Who Did They Compete With?

Competes with Adamis Pharmaceuticals, Adial Pharmaceuticals, Alkermes, Amphastar, Anebulo Pharmaceuticals, BioCorRx, BioDelivery Services International, Braeburn Pharmaceuticals, Emergent BioSolutions, Enalare Therapeutics, Harm Reduction Therapeutics, Hikma Pharmaceuticals, H. Lundbeck, Indivior, Nasus Pharmaceuticals, Orexo, Teva Pharmaceuticals, Kaléo, and Sandoz Pharmaceuticals

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