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Form 8-K · Current Report · Filed 2024-09-23

Roivant Sciences Announces Merger Agreement with Organon

Roivant Sciences Ltd. announced that its subsidiary, Dermavant Sciences Ltd., has entered into a Merger Agreement with Organon & Co. to be acquired for up to $1.2 billion. The transaction includes an initial cash payment of $175 million, a milestone payment of $75 million upon FDA approval of Dermavant's product, and additional milestone payments based on net sales achievements. Organon will also pay tiered royalties based on net sales. The Merger is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals.

Filer
Roivant Sciences Ltd ROIV · NASDAQ
Filed
Accession
0001140361-24-041663
CIK
0001635088
Signal
High impactHealthcare

Items reported

Item 1.01

Entry into a Material Definitive Agreement

M&A Agreement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$11.97

Next session

-2.3%

Since filing

+189.4%

Latest close

$34.64

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ROIV reporting the same item, with the next session's move:

Roivant Sciences Announces Dermavant Acquisition by Organon-1.1%
Roivant Sciences Ltd. Announces 2024 Annual Shareholder Meeting Results+0.9%
Roivant Announces New Pipeline Program Mosliciguat for PH-ILD-1.0%
Roivant Provides Positive Update on Graves' Disease Treatment-0.9%
Roivant Reports Q1 2024 Financial Results and Business Update+9.3%

Exhibits (1)

About Roivant Sciences Ltd

Roivant Sciences Ltd is a biopharmaceutical company focused on developing and commercializing innovative therapies through a unique model that emphasizes rapid and efficient drug delivery. As a platform company, Roivant Sciences incubates subsidiaries known as 'Vants,' each concentrating on a specific therapeutic area. This model allows Roivant to prioritize development of pharmaceuticals in critical areas, including neurology, oncology, immunology, and others. Roivant’s approach facilitates agility in drug development, enabling each Vant to operate semi-autonomously to accelerate research and commercialization efforts. By leveraging technology and data analytics, Roivant enhances drug discovery processes and optimizes clinical trials. In the pharmaceutical industry, Roivant Sciences represents a forward-thinking entity that addresses unmet medical needs by transforming the traditional paradigms of drug development. Its initiatives have substantial implications for healthcare, potentially altering treatment landscapes and improving patient outcomes globally. Founded in 2014 and headquartered in New York City, Roivant is a notable example of innovation-driven pharmaceutical enterprise in the financial market.

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