Mayne Pharma review

June 17, 2011

MAYNE Pharma this week confirmed that sales of its Doryx (delayed release Doxycycline) product have been impacted by the “unprecedented strength of the Australian dollar” as well as the repositioning of the product in the lead-up to the introduction of new dosage forms in the USA. The company says it’s confident that FDA approval for the new formulations will be received shortly, and possibly before 30 Jun. In the meantime it’s conducted a review of operations at its Salisbury production site, and identified a number of redundant roles and “other cost savings that will eliminate non-value added activity” with redundancy costs of $1.1m and onoing savings of $2.9m a year. Mayne also said the European approval process for its Subacap (itraconazole) is still “on track”.

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Pharmacy Daily | Mayne Pharma review

Mayne Pharma review

Other recent headlines

Mayne pushes Sun Pharma

Unscripted alcohol debate

LTR secures millions in capital raise

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES