Organon Acquires Dermavant Sciences, Including VTAMA (tapinarof)
September 18, 2024
Organon has acquired Dermavant Sciences Ltd. from Roivant in a transaction that adds VTAMA (tapinarof) cream, 1% — a FDA‑approved, non‑steroidal topical for plaque psoriasis — to Organon’s dermatology portfolio. The deal is valued at up to approximately $1.2 billion (including $175 million upfront, additional regulatory and commercial milestones, and tiered royalties) and is intended to expand Organon’s dermatology capabilities and global commercial reach.
- Buyers
- Organon
- Targets
- Dermavant Sciences Ltd.
- Sellers
- Roivant Sciences
- Industry
- Pharmaceuticals
- Location
- California, United States
- Transaction Type
- Buyout
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