Australia on Friday blocked a A$672 million ($435 million) buyout offer for Mayne Pharma (MYX.AX) from Cosette Pharmaceuticals after the U.S. drugmaker became a reluctant suitor and threatened to close a local plant. The decision by the country’s centre-left government sent shares in Mayne tumbling 23% before it halted trading pending an update on the deal.
Read the full article: Australia Blocks Takeover of Mayne Pharma by US Firm, Cites National Interest //
Source: https://www.reuters.com/business/healthcare-pharmaceuticals/australia-blocks-cosette-pharmaceuticals-bid-buy-mayne-pharma-2025-11-21/