• Organon is set to acquire Dermavant for up to $1.2 billion, gaining Vtama (tapinarof) cream, a commercialized plaque psoriasis drug.
• Vtama, a non-steroidal topical cream, is under FDA review for atopic dermatitis, with a decision expected in Q4, potentially triggering a $75 million milestone payment.
• Organon aims to leverage its global reach to maximize Vtama's commercial potential, combining Dermavant's U.S. presence with Organon's market access and regulatory expertise.
• Roivant's sale of Dermavant aligns with its strategy to focus on specialty drug candidates with blockbuster potential, following previous sales and new subsidiary launches.