The following is a summary of the Mayne Pharma Group Limited (MAYNF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Mayne Pharma reported a gross profit of $105.8 million, reflecting a margin increase from 52% to 56%. Direct expenses were only up by 1% despite costs for growth and new products.

• An underlying EBITDA of $8 million was reported, showing a significant improvement from the same period in the previous year.

• Cash balance stands at $146.8 million, down from $220.1 million as of June.

• The company achieved four out of five financial goals it set for itself for fiscal year 2024.

Business Progress:

• Women's Health saw a 45% increase in revenue, with a 96% increase in NEXTSTELLIS revenue specifically.

• The company showed discipline in relation to channel liabilities, and new product launches have been significant.

• Mayne Pharma remains focused on eliminating non-value adding costs and growing through differentiated products.

• Positive trends in Dermatology and Women's Health business units greatly contributed to the overall growth.

• The acquisition of RHOFADE for $8 million led to $8 million in revenue and $7.3 million margins in the first three months of ownership.

More details: MAYNE PHARMA GROUP LIMITED IR

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