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Cosette appeals loss over exit from $672M Mayne Pharma merger
Cosette plans to appeal a ruling that rejected its bid to terminate an agreement to merge with Mayne Pharma, as the US drug company also refuses to agree to conditions needed to win Foreign Investment Review Board approval for the tie-up.
Mayne turns to Takeovers Panel in latest move to salvage $672M Cosette deal
Mayne Pharma is not walking away from US drug maker Cosette's proposed takeover without a fight, filing an application with the Takeovers Panel to force Cosette to agree to the conditions needed to win FIRB approval for the $672 million deal.
IVF provider Genea to face representative complaint over data breach
A class action law firm is set to file a representative complaint against fertility services provider Genea over a data breach that led to sensitive patient information being published on the dark web.
Newron wins discovery for potential suit over Parkinson’s drug Xadago
Suspecting infringement of patents for its Parkinson's drug, Xadago, biopharmaceutical company Newron has won preliminary discovery of documents from generic drug maker Arrotex Pharmaceuticals.
Mayne Pharma, Cosette merger in doubt after Treasurer flags concerns
Mayne Pharma is facing a new hurdle in its plans to merge with US drug maker Cosette, with the Treasurer flagging it may block the $672 million deal.
Nine says Al Muderis defamation appeal can’t be heard over 10 days
Nine has asked for more details of celebrity surgeon Dr Munjed Al Muderis' challenge to the dismissal of his defamation case against the broadcaster, and says 10 days is not enough to hear the appeal.
IVF rebate class action faces bid to cut egg donors from case
The federal government has flagged its intention to bring a strike-out application to narrow the group member definition in a class action by single women and same-sex couples who were denied Medicare rebates for IVF.
Janssen sues Juno over patent for schizophrenia drug Invega
J&J-owned Janssen Pharmaceutica has sued Juno Pharmaceuticals, alleging the Australian off-patent drug maker is threatening to infringe its patent for a schizophrenia drug by seeking to list its own products on the PBS.
Mayne Pharma wins suit over Cosette’s termination of $672M takeover
Mayne Pharma has won a dispute with US drug maker Cosette over the termination of a $672 million merger agreement, with a judge finding Mayne did not breach its continuous disclosure obligations by failing to disclose a letter from the US FDA sooner.
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Australian Unity offloads Greensborough Medical Centre for $32.5M
Mutual company Australian Unity has sold the Greensborough Medical Centre and Day Hospital in Victoria to the Property Advisory for $32.5 million.