Merck to Spinoff Organon into Independent Company
Shots:
- Merck spinoff Organon & showed a slight decline in women’s health medications but growth in biosimilar sales in Q3’21. Organon’s lead pipeline product is used to treat endometriosis,
- Additionally, Novartis also consider the spinoff of its biosimilar division, Sandoz as a standalone company. Sandoz currently has eight biosimilars launched globally and 15 more in the pipeline
- Novartis has reported the start of a strategic review of the Sandoz division. The review will explore all options for Sandoz from retaining the business to separation. The review will stop at the end of 2022
Ref: Center for Biosimilars | Image: Merck
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