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
Read the full article here: https://www.maynepharma.com/media/2107/mayne-pharma-acquires-generic-efudex-complementing-us-dermatology-portfolio.pdf