Mayne Pharma Collects $14.4M in Cash From Cosette After Court Win
Mayne Pharma has received $14.4 million from Cosette Pharmaceuticals under a Supreme Court of NSW cost order, delivering a confirmed balance sheet benefit even as the Mayne Pharma Cosette legal settlement appeal decision remains pending.
Key Takeaways
- Mayne Pharma has confirmed receipt of $14,410,714.49 from Cosette Pharmaceuticals on 5 June 2026 under a Supreme Court of NSW cost order dated 29 May 2026
- The payment comprises legal costs, costs of the costs application, and interest, representing a real balance sheet benefit from the successful litigation outcome at first instance
- The funds are now available to Mayne Pharma regardless of the pending Court of Appeal decision on Cosette's appeal, which was heard on 2–3 June 2026 with judgment reserved
- The original court award against Cosette totalled $13,269,328.04 in legal costs, with additional interest and application costs bringing the final received amount to $14.4 million
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