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Goldman Sachs Reduces Stake in Mayne Pharma Group

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Goldman Sachs Reduces Stake in Mayne Pharma Group

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Mayne Pharma Group ( (AU:MYX) ) just unveiled an announcement.

Goldman Sachs Group, through its subsidiaries, has reduced its voting power in Mayne Pharma Group Limited from 8.55% to 7.21%, reflecting a decrease in their holdings of fully paid ordinary shares. This change in substantial holding may impact Mayne Pharma’s shareholder dynamics and could influence future strategic decisions or market perceptions of the company.

The most recent analyst rating on (AU:MYX) stock is a Buy with a A$7.09 price target. To see the full list of analyst forecasts on Mayne Pharma Group stock, see the AU:MYX Stock Forecast page.

More about Mayne Pharma Group

Mayne Pharma Group Limited operates in the pharmaceutical industry, focusing on the development and manufacturing of branded and generic pharmaceuticals. The company is known for its expertise in oral drug delivery systems and has a significant presence in the United States and Australia.

Average Trading Volume: 976,606

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$407.9M

Learn more about MYX stock on TipRanks’ Stock Analysis page.

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