LOGIN
FREE REPORT
REQUEST WALKTHROUGH
search
times
New call-to-action

Tags

See all

Articles

MYX

A Massive Market Slice For Mayne Pharma Group Limited

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Mayne Pharma Group Limited (ASX: MYX) is a pharmaceutical company that specialises in developing, manufacturing, and commercialising branded and generic products across the world. Currently, Mayne Pharma has a market cap of A$1 billion which is in line with other sector peers.

Massidve Market Slice - Mayne Pharma Group

Recent Mayne Pharma Announcements

Just yesterday Mayne Pharma announced that they have secured a major agreement of a 20-year exclusive license and supply with Mithra Pharmaceuticals (SA), for a novel oral contraceptive in the United States.

The product in question is an innovative ‘next generation’ oral contraceptive composed of Estetrol, (E4) which is native estrogen created by the human foetal liver during pregnancy. E4 will be produced by their partner Mithra Pharmaceuticals through a complex plant-based process following Mithra’s 20 years of research and development on E4 production.

In the same announcement, Mayne Pharma’s CEO Mr. Scott Richards stated that:

This transaction transforms Mayne Pharma and is highly consistent with our stated strategy to build our speciality business with durable, high growth novel products in core therapeutic categories.

Mayne Pharma expects EBITDA to be positive in its first full financial year following approval with peak net sales to exceed of US$200 million per year. 

What is the future of Mayne Pharma?

The agreement with Mithra Pharma will improve Mayne Pharma’s commercial capability and presence within the Women’s Health and contraceptive market. With the upcoming introduction of a novel and specialised contraceptive product; it is likely that Mayne’s Pharma has just acquired a long-lasting slice of the American contraceptive market which valued at US$5.4 billion according to Australian Associated Press.

As of 2:45PM AEST 03/10/19, following Mayne Pharma’s new exclusive agreement that raises their profile in the US; the share price skyrocketed to A$0.612, this represents capital growth of over 16.67% over the last three-month.

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

New call-to-action
New call-to-action

Company Articles

Looking for more Stock Recommendations?

Fill in your details to receive our special report: Top 3 Income Stock Recommendations for 2020.