Australia’s treasurer stops Cosette Pharmaceuticals $387.2m takeover bid of Mayne Pharma

The ups and downs of the proposed deal demonstrate the evolving landscape of compliance in the context of geopolitical tensions.

The Australian government is moving to block a $387.2m takeover deal of Mayne Pharma by US company Cosette Pharmaceuticals, citing a “national security” need to protect “critical medical supply chains.”

Mayne Pharma’s business, which focuses on therapeutic areas like women’s health, dermatology, pain and infectious diseases, is mainly in the

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