bullish
Mayne Pharma (MYX AU): Shifting Focus to Specialty Products to Return to Sustainable Growth Path
242 Views22 Feb 2022 19:05
SUMMARY
- Mayne Pharma (MYX AU)'s revenue is decelerating since FY19, which is reflected in its share price performance. From predominantly being into generics, the company is now focusing on specialty pharma.
- In FY21, Mayne Pharma added 11 dermatology and women’s health products to portfolio targeting $650 million in IQVIA sales. Its U.S. contract service business is on a double-digit growth path.
- Commercialization of new oral contraceptive Nextstellis in the U.S. is the major growth driver of the company. Neststellis peak U.S. sales are projected at $200 million annually.
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Tina Banerjee
Global Healthcare Analyst
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