Organon to acquire Dermavant in back-loaded deal
Women’s health specialist Organon (NYSE: OGN) has entered into a definitive agreement to acquire Dermavant Sciences, a Roivant (Nasdaq: ROIV) company dedicated to developing and commercializing innovative therapeutics in immuno-dermatology.
Dermavant’s novel product, Vtama (tapinarof) cream, 1%, for the topical treatment of mild, moderate, and severe plaque psoriasis in adults, was approved by the US Food and Drug Administration (FDA) in May 2022. The FDA is reviewing a supplemental New Drug Application (sNDA) for Vtama cream as a potential treatment for atopic dermatitis (AD) in adults and children two years of age and older, with Prescription Drug User Fee Act (“PDUFA”) action expected in the fourth quarter of calendar year 2024.
Financial terms
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