Organon Acquires Dermavant Sciences (VTAMA tapinarof cream, 1%)

September 18, 2024

Organon entered into a definitive agreement to acquire Dermavant Sciences Ltd., including its immuno-dermatology product VTAMA (tapinarof) cream, 1%, for up to approximately $1.2 billion in aggregate consideration. Organon completed the acquisition in October 2024, expanding its dermatology capabilities in the U.S. with a nonbiologic, non-steroidal topical therapy for plaque psoriasis, and with atopic dermatitis under FDA review.

Buyers
Organon
Targets
Dermavant Sciences Ltd.
Sellers
Roivant
Location
New Jersey, United States
Transaction Type
Buyout

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