Mayne Pharma Earns Back $14.4M in Legal Costs After Court Win Over Cosette
Mayne Pharma has received $14.41 million from Cosette Pharmaceuticals following Supreme Court of New South Wales orders, marking a significant milestone in the Mayne Pharma Cosette legal settlement and strengthening the company's balance sheet ahead of a pending Court of Appeal decision.
Key Takeaways
- Mayne Pharma received $14,410,714.49 from Cosette Pharmaceuticals on 5 June 2026, recovering legal costs, application costs, and accrued interest ordered by the Supreme Court of New South Wales.
- The payment follows Mayne Pharma's complete October 2025 court victory, in which all of Cosette's claims were dismissed and an adverse costs order was issued against Cosette.
- The $14.4 million recovery improves Mayne Pharma's cash position and provides greater financial flexibility across its dermatology, women's health, and contract development and manufacturing businesses.
- A Court of Appeal hearing was conducted on 2–3 June 2026 with the decision reserved, meaning the appeal outcome and any further financial implications remain pending with no timeline provided.
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