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Spear Pharmaceutical’s Generic to Efudex sold to Mayne Pharmaceuticals

  • Mayne Pharma Group Limited (“Mayne Pharma”) (ASX: MYX) has acquired generic Efudex® (fluorouracil cream 5%) from Spear Pharmaceuticals, Inc. (“Spear”) for up to US$30.0 million

  • Product is immediately EPS accretive with an implied acquisition EBITDA multiple in the low single digits

  • Mayne Pharma will fund the acquisition from cash and undrawn debt


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