Mithra FIRST LOOK : An Uteron Ultimatum
Mithra's management and Board clash with a group of shareholders regarding a renegotiation of the company's € 185m Uteron earnout payments. As a result, Uteron sellers holding approx. 6% of shares have requested a motion at the upcoming EGM to dismiss with immediate effect the four independent board members which are involved in the discussions.Mithra Pharmaceuticals SA is a Belgium-based company active in the pharmaceutical industry. The Company is dedicated to provide products and services for the fertility, contraception and menopause of women. It has a number of patent families regarding Estetrol (E4), a natural estrogen produced by the human foetus, which enables the investigation of fertility and contraception products. Mithra is focused on the development of two late-stage E4-based products: Estelle, a 5th generation oral contraceptive, and Donesta, a hormone therapy for Vasomotor Symptoms in menopause. Mithra develops a contraceptive vaginal ring called Myring and Zoreline, a biodegradable subcutaneous implant for hormone dependant cancer.
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