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Mayne Pharma Group Limited (ASX:MYX)

ALERT: Price-sensitive ASX Announcement for MYX
Current share price for MYX : $3.220 0.885 (37.90%)+
Announcement
Release
22 May 2026 11:08AM
Price at Release
$2.335
Full Release
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Summary
Mayne Pharma Group Limited has been awarded $13.27 million in legal costs by the Supreme Court of New South Wales following a successful lawsuit against Cosette Pharmaceuticals. The legal proceedings were initiated after Cosette's purported termination of a Scheme Implementation Deed. The court dismissed Cosette's claims and ordered them to pay Mayne Pharma's legal costs, which amount to $13,269,328.04 plus interest. Further orders regarding the judgment are expected to follow.
Key Points
  • Mayne Pharma Group Limited awarded $13.27 million in legal costs.
  • The award follows the company's success in a legal case against Cosette Pharmaceuticals.
  • Proceedings initiated due to the termination of a Scheme Implementation Deed.
  • The Supreme Court of New South Wales ruled in favor of Mayne Pharma.
  • Adverse costs order was made against Cosette.
  • The court's decision includes interest and costs associated with the costs application.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.