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Vanguard Group Cuts Stake Below Substantial Holder Threshold in Mayne Pharma

Story Highlights
  • Mayne Pharma is an Australian pharmaceutical company supplying branded and generic medicines globally.
  • Vanguard Group has reduced its stake in Mayne Pharma to 4.972%, falling below the substantial holder threshold.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vanguard Group Cuts Stake Below Substantial Holder Threshold in Mayne Pharma

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

Vanguard Group, through The Vanguard Group, Inc. and its controlled entities including Vanguard Investments Australia Ltd., has notified Mayne Pharma Group Limited that it has ceased to be a substantial holder in the company. As of 2 February 2026, Vanguard’s voting power in Mayne Pharma stands at 4.972%, down from a previously higher level that met Australia’s substantial holding threshold, indicating a reduction in its shareholding but continued, albeit smaller, institutional investment presence in the stock.

The most recent analyst rating on (AU:MYX) stock is a Sell with a A$2.50 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 is an Australian pharmaceutical company focused on the development and manufacture of branded and generic medicines. It operates in the healthcare sector, supplying specialty and generic pharmaceutical products to domestic and international markets.

Average Trading Volume: 501,781

Technical Sentiment Signal: Sell

Current Market Cap: A$221.8M

For detailed information about MYX stock, go to TipRanks’ Stock Analysis page.

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