By Adriano Marchese

Indivior PLC said Monday that it has agreed to pay Reckitt Benckiser Group PLC $50 million over the next five years after reaching a settlement over their 2014 demerger agreement.

The U.K. pharmaceutical company said the two companies settled the claims which Reckitt Benckiser issued in the Commercial Court in London in mid November, seeking indemnity under the demerger agreement between them in 2014.

Reckitt Benckiser has agreed to withdraw the $1.4 billion claim and released Indivior from any claim for indemnity.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

January 25, 2021 12:58 ET (17:58 GMT)

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