MYX mayne pharma group limited
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News: MYX Mithra Signs Landmark Contract For Estelle® With Mayne Pharma

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    01/10/19
    22:30
    Post #: 40673753

    Oct 1 (Reuters) - MITHRA PHARMACEUTICALS SA MITRA.BR :

    • MITHRA SIGNS LANDMARK CONTRACT FOR ESTELLE® IN THE UNITED STATES WITH MAYNE PHARMA
    • MITHRA ELIGIBLE FOR LICENSE FEES OF AT LEAST USD 295 MILLION
    • MITHRA TO BE AWARDED 9.6% EQUITY STAKE ACROSS TWO TRANCHES IN MAYNE PHARMA
    • POTENTIAL GROSS REVENUES IN MITHRA'S WORST-CASE SCENARIO AT A MINIMUM OF EUR 4,5 BILLION, WHICH REPRESENTS MORE THAN TWICE SIZE OF EUROPEAN DEAL
    • CDMO CROSS FERTILIZATION OPPORTUNITIES FOR BOTH COMPANIES
    • PARTIES WILL WORK TOGETHER ON REGULATORY SUBMISSION PLANNED BY END 2019 WITH PROJECTED COMMERCIAL LAUNCH OF ESTELLE® IN H1 2021
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