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Why is Perseris Being Discontinued? A Look at the Financial and Market Factors

3 min read

Effective July 9, 2024, pharmaceutical company Indivior announced it would discontinue all sales and marketing activities for its schizophrenia drug, Perseris. This strategic move was not prompted by any safety or efficacy issues with the product but was a business decision based on financial viability, which answers the question: Why is Perseris being discontinued?. The market withdrawal was driven by increased payor management impacts and a competitive market landscape influenced by the Inflation Reduction Act.

Quick Summary

Indivior ceased sales and marketing for Perseris in July 2024, citing financial non-viability due to heightened market competition and payor management pressures, partly influenced by the Inflation Reduction Act. The manufacturer will continue supplying the product for at least a year to ensure a smooth transition for patients, and the withdrawal is unrelated to safety or effectiveness concerns.

Key Points

  • Financial Viability: Indivior discontinued Perseris due to financial non-viability driven by market pressures, not safety or efficacy issues.

  • Inflation Reduction Act: Provisions in the IRA were cited as intensifying payor management, affecting pricing and making the product's future financially unviable for Indivior.

  • Ongoing Supply: Indivior will continue to supply Perseris for at least a year post-announcement to minimize patient treatment disruptions.

  • Patient Action: Current patients should promptly contact their healthcare provider to plan a transition to an alternative therapy.

  • Alternative Medications: Several alternative long-acting injectable and oral antipsychotics are available, such as Risperdal Consta, Invega Sustenna, and Abilify Maintena.

  • Transition Support: Indivior has a medical information team to assist with inquiries during the transition period.

In This Article

The Financial Forces Behind the Discontinuation

According to an official letter to healthcare providers, Indivior discontinued Perseris's sales and marketing based on market dynamics rather than safety or efficacy issues. A confluence of market pressures, including increased payor management and intense competition, rendered the product financially unviable for the company. CEO Mark Crossley specifically cited provisions within the federal Inflation Reduction Act (IRA), which were anticipated to lead to intensified category management, affecting both price and volume.

Despite achieving a 50% increase in sales in 2023, reaching $42 million, the drug's performance was not enough to justify continued marketing efforts under the new market conditions. Indivior concluded that there was "no financially viable means to move forward with Perseris in 2025". This decision resulted in the company cutting approximately 130 jobs to align with its revised business strategy.

Alternatives to Perseris

For patients currently on Perseris, healthcare providers will facilitate a transition to alternative treatments. As Perseris is a long-acting injectable (LAI) form of risperidone, several other LAIs are available for treating schizophrenia, in addition to various oral antipsychotics. Patients should discuss all options with their doctor to determine the most suitable alternative for their specific needs.

Common Alternatives to Perseris:

  • Other Risperidone Formulations: Risperdal Consta and Rykindo are other long-acting injectable formulations of risperidone, though with different injection schedules and administration methods.
  • Other Atypical Long-Acting Injectables: Alternatives with different active ingredients include Invega Sustenna (paliperidone), Abilify Maintena (aripiprazole), and Aristada (aripiprazole lauroxil).
  • Oral Antipsychotics: Patients may also consider switching to oral formulations of risperidone or other oral atypical antipsychotics like olanzapine (Zyprexa) or quetiapine (Seroquel).

Comparison of Key LAI Alternatives

Drug (Brand Name) Active Ingredient Administration Frequency Key Features/Notes
Perseris (discontinued) risperidone once-monthly (subcutaneous) First subcutaneous once-monthly risperidone.
Risperdal Consta risperidone every 2 weeks (intramuscular) The original long-acting injectable risperidone.
Invega Sustenna paliperidone (metabolite of risperidone) once-monthly (intramuscular) A once-monthly LAI that is a metabolite of risperidone.
Abilify Maintena aripiprazole once-monthly (intramuscular) Another once-monthly LAI option.
Aristada aripiprazole lauroxil once every 4 to 8 weeks (intramuscular) A longer-acting aripiprazole option.

A Summary of the Market Decision

Indivior's decision to discontinue the sales and marketing of Perseris stemmed from a multi-pronged business analysis in mid-2024. The key factors driving this move can be summarized as follows:

  • Market Competitiveness: The market for long-acting injectable antipsychotics is highly competitive, with established alternatives like Risperdal Consta and Invega Sustenna, as well as newer options.
  • Payor Landscape Changes: The Inflation Reduction Act (IRA) created a new environment for pharmaceutical pricing and reimbursement, leading to more aggressive payor management.
  • Financial Viability Assessment: The company's internal analysis determined that continuing promotion for Perseris was no longer financially sound, despite growing sales figures.
  • Corporate Restructuring: The withdrawal was accompanied by a corporate restructuring, including a reduction of approximately 130 jobs to adjust to the new business reality.

What This Means for Current Perseris Patients Indivior has committed to supplying Perseris for at least a year following the announcement to minimize any potential disruption to patient treatment. Patients should immediately contact their healthcare providers to discuss their treatment plan and transition to an alternative medication. The company has also established a medical information team to assist with inquiries during this transition. The switch to a new medication should be supervised by a professional to ensure continuity of care and avoid potential withdrawal symptoms.

Conclusion In conclusion, the discontinuation of Perseris is a result of strategic business decisions made by Indivior based on evolving market dynamics and financial viability concerns, particularly influenced by recent legislation. It is crucial to remember that this withdrawal is unrelated to any safety or efficacy problems with the medication itself. For patients and healthcare providers, the focus now shifts to managing a smooth and effective transition to a suitable alternative long-acting injectable or oral antipsychotic. For further information and support, patients can reach out to their healthcare provider or consult the resources provided by Indivior regarding the transition.

Frequently Asked Questions

Yes, Indivior is committed to supplying Perseris for a minimum of one year after its July 2024 announcement to minimize disruption to patient treatment. After this transition period, it will no longer be available.

Perseris was discontinued due to financial and market-related reasons, not because of any safety or efficacy issues with the product. Manufacturer Indivior cited increasing payor management pressures and a competitive market as making the drug financially unviable.

If you are currently on Perseris, you should not stop taking it abruptly. You need to contact your healthcare provider to discuss a plan for transitioning to an alternative medication.

Alternatives to Perseris include other long-acting injectable (LAI) antipsychotics such as Risperdal Consta, Invega Sustenna, and Abilify Maintena, as well as various oral antipsychotic medications.

Yes, the manufacturer Indivior cited provisions in the Inflation Reduction Act as a factor contributing to intensified payor management, which played a role in the decision to discontinue the drug.

Both Perseris and Risperdal Consta contain the active ingredient risperidone. However, Perseris was a once-monthly subcutaneous injection, while Risperdal Consta is a biweekly intramuscular injection.

As Indivior is ceasing marketing and sales due to financial viability, there is no plan for a generic version of the specific once-monthly subcutaneous formulation. However, generic versions of risperidone in oral and other injectable forms are already available.

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Medical Disclaimer

This content is for informational purposes only and should not replace professional medical advice.