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Organon acquires Dermavant Sciences to obtain the groundbreaking skin treatment VTAMA® (tapinarof) cream 1%

PUBLIC · OGNSep 20, 2024

Acquiring Company

Organon

Acquired Company

Dermavant

Jersey CityLong BeachBiotechnologyHealth CareMedicalBiotechnologyHealth CareTherapeutics

Description

Organon, a global healthcare company dedicated to improving women's health, has reached a final agreement to acquire Dermavant Sciences. This acquisition will enable Organon to offer innovative patient-centered solutions in the field of dermatology, particularly for those suffering from psoriasis and atopic dermatitis.

Quick answer

Organon is acquiring Dermavant, announced September 19, 2024. Organon is based in Jersey City, New Jersey, United States.

How much did Organon pay for Dermavant?
The deal value was not disclosed.
What does Organon do?
Organon is a global healthcare company formed through a spin-off from Merck, (NYSE: MRK) known as MSD outside of the United States and Canada, to focus on improving the health of women throughout their lives.
Where are Organon and Dermavant based?
Organon is based in Jersey City, New Jersey, United States. Dermavant is based in Long Beach, California, United States.
Who are the decision-makers at Organon?
Fundz holds 2 contacts at Organon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Organon

Location

30 Hudson Street

Jersey City, New Jersey, United States

About

Organon is a global healthcare company formed through a spin-off from Merck, (NYSE: MRK) known as MSD outside of the United States and Canada, to focus on improving the health of women throughout their lives. Organon has a portfolio of more than 60 medicines and products across a range of therapeutic areas. Led by the women’s health portfolio coupled with an expanding biosimilars business and stable franchise of established medicines, Organon’s products produce strong cash flows that will support investments in innovation and future growth opportunities in women’s health. In addition, Organon is pursuing opportunities to collaborate with biopharmaceutical innovators looking to commercialize their products by leveraging its scale and presence in fast growing international markets. Organon has a global footprint with significant scale and geographic reach, world-class commercial capabilities, and approximately 9,500 employees with headquarters located in Jersey City, New Jersey. For more information, visit http://www.organon.com and connect with us on LinkedIn and Instagram.

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Frequently asked

Who acquired Dermavant?

Dermavant was acquired by Organon, based in Jersey City. The deal was reported on September 20, 2024. Organon is a global healthcare company formed through a spin-off from Merck, (NYSE: MRK) known as MSD outside of the United States and Canada, to focus on improving the health of women throughout their lives. Organon is publicly traded (OGN) and operates in Biotechnology.

When did Organon acquire Dermavant?

Organon's acquisition of Dermavant was reported on September 20, 2024. Organon, a global healthcare company dedicated to improving women's health, has reached a final agreement to acquire Dermavant Sciences. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Dermavant do?

Dermavant is a biopharmaceutical company that specializes in developing innovative therapies for dermatological conditions. The company focuses on addressing unmet needs in dermatology. It aims to improve patients' lives with its innovative solutions. It is privately held, operating in Biotechnology, and is based in Long Beach.

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