Mayne Pharma to be Acquired by Cosette Pharmaceuticals

An announcement from Mayne Pharma Group ( (AU:MYX) ) is now available.

Mayne Pharma Group Limited has announced a scheme of arrangement where Cosette Pharmaceuticals, Inc. will acquire 100% of its shares. The directors of Mayne Pharma unanimously recommend shareholders vote in favor of the scheme, highlighting its alignment with shareholder interests, barring any superior proposals. The scheme meeting will allow shareholders to vote, and results will be announced shortly after.

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 is an ASX-listed specialty pharmaceutical company focused on commercializing novel pharmaceuticals to offer patients better, safe, and more accessible medicines. The company is a leader in dermatology and women’s health and provides contract development and manufacturing services globally. With a 40-year track record, Mayne Pharma has successfully commercialized numerous products worldwide through innovative oral drug delivery systems.

Average Trading Volume: 962,966

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$412.7M

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