The Mayne game

July 4, 2016

MAYNE Pharma’s proposed $800-million plus US acquisition of a portfolio of generics (PD 28 Jun) could see the company catapulted into the top 100 publicly listed companies in Australia. The move is likely to attract increased institutional investment, according to Fairfax Media, with the deal seeing Mayne’s share price surge almost 29% last week, while the equity raising to fund the deal likely to lift its capitalisation to as much as $3 billion. The 42 generics being acquired from Teva and Allergan have an average profit margin around 50% which is more than twice Mayne’s current margin levels and also opens the company up to new markets such as oral contraceptives. Analysts are reported to say that the higher margins will raise cash flow and go towards eliminating most of the group’s debt over the next 18 months or so.

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Pharmacy Daily | The Mayne game

The Mayne game

Other recent headlines

PD breaking news – Queensland pharmacies scope of practice pilot expanded

Commbank to help navigate ownership

Littleproud visits Orana Mall

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES