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Mayne Pharma Group Limited (ASX:MYX)

ALERT: Price-sensitive ASX Announcement for MYX
Current share price for MYX : $2.920 0.71 (32.13%)+
Announcement
Release
5 Jun 2026 10:44AM
Price at Release
$2.210
Full Release
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Summary
On June 5, 2026, Mayne Pharma Group Limited announced receiving $14.4 million from Cosette Pharmaceuticals, which covers legal costs and interest as ordered by the Supreme Court of New South Wales. This payment is part of the proceedings initiated by Mayne Pharma after Cosette's attempted termination of a Scheme Implementation Deed. The court ruled in favor of Mayne Pharma in October 2025, dismissing Cosette's claims. Cosette has since appealed the decision, with the appeal heard in June 2026 and a decision currently pending.
Key Points
  • Mayne Pharma received $14.4 million from Cosette Pharmaceuticals.
  • Payment includes legal costs and interest under Supreme Court orders.
  • Court proceedings initiated due to Cosette's termination of a deed.
  • Court ruled in favor of Mayne Pharma in October 2025.
  • Cosette has appealed the court's judgment.
  • Appeal decision is pending from the Supreme Court of New South Wales.
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.