Mayne Pharma Targets Sun Spots With Generic Efudex Acquisition
We raise our fair value estimate for no moat Mayne Pharma to AUD 1.30 from AUD 1.25Â following the acquisition of generic Efudex (fluorouracil 5% cream), a cytotoxic, or anticancer, topical cream used in the treatment of solar keratoses or sunspots, from Spear Pharmaceuticals, for USD 20 million. We think the deal is attractively priced, given management guidance for low-single-digit EBITDA multiples. We also think the product is a good fit for the U.S. dermatological portfolio, and given direct ...Mayne Pharma is a pharmaceutical company focused on applying its drug delivery capabilities to commercialize branded and generic pharmaceuticals. Co. operates in four business units: Generic Products, which develops, manufactures, markets and distributes generic pharmaceutical products in the U.S.; Specialty Brands, which markets and distributes specialty branded pharmaceutical products in the U.S.; Metrics Contract Services, which provides contract pharmaceuticals development services and analytical services to third parties; and Mayne Pharma International, which develops, manufactures, markets and distributes branded and generic pharmaceutical products globally, excluding the U.S.
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