Why the Mayne Pharma (ASX:MYX) share price is pushing higher

The Mayne Pharma Group Ltd (ASX: MYX) share price is pushing higher on Thursday morning.

In morning trade the pharmaceutical company’s shares are up 3% to 36 cents.

Why is the Mayne Pharma share price pushing higher?

There have been a couple of catalysts for Mayne Pharma’s share price gain on Thursday.

The first is improving investor sentiment following positive developments in the US senate overnight. The other is the release of an announcement by Mayne Pharma this morning.

That announcement revealed the commercial launch of Microgestin 24 FE to customers in the United States.

According to the release, Microgestin 24 FE tablets are a generic version of Loestrin 24 FE tablets, which are indicated for the prevention of…