Organon (OGN) Tops Q3 EPS by 23c
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Organon (OGN) Acquires Forendo Pharma from Karolinska Development for Up to $945M
November 11, 2021 6:31 AM ESTKarolinska Development AB (Nasdaq Stockholm: KDEV) announces today that the global pharmaceutical company Organon (NYSE: OGN) is acquiring its portfolio company Forendo Pharma. Forendo Pharma's shareholders will receive an initial payment of USD 75 million and are entitled to additional future payments totaling USD 870 million upon the achievement of certain development, registration and commercial milestones pertaining to Forendo Pharma's drug candidates. The total purchase price, if all milestones are met, amounts to USD 945 million.
Forendo Pharma's most advanced drug candidate, FOR-6219, is a clinical... More
