Mayne Pharma’s long serving CEOScott Richards intends to step down from the Australian firm, after the chief exec role was shifted to the US on a permanent basis. His departure comes at a strategic crossroads for Mayne Pharma, which has agreed to sell its Metrics Contract Services contract manufacturing unit to Catalent for approximately $475m.
Mayne Pharma CEO Steps Down Amid $475m Metrics Contract Services Sale
CEO’s Departure Marks Turning Point For Mayne Pharma
Significant change is brewing at Mayne Pharma, with the Australian firm announcing the proposed sale of its US-based CDMO business for nearly half-a-billion dollars. At the same time, long time CEO Scott Richards is heading for the exit door.
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