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Stock impact report

Organon To Report First Quarter 2024 Results and Host Conference Call on May 2, 2024

Organon & Co. (OGN) 
Company Research Source: Business Wire
Company estimates $15 million of milestone payments in the first quarter JERSEY CITY, N.J.--(BUSINESS WIRE)--Organon (NYSE: OGN), a global healthcare company with a focus on women’s health, will release its first quarter 2024 financial results on May 2, 2024, prior to the company’s webcast and conference call scheduled for 8:30 a.m. EDT.IPR&D and MilestonesOrganon currently expects that it will record approximately $15 million of milestone payments in the first quarter of 2024, representing approximately $0.05 to both GAAP and non-GAAP earnings per share. The milestone payments relate to progress associated with the development of a denosumab biosimilar candidate and expect to be paid in accordance with certain agreements with Shanghai Henlius Biotech, Inc., one of Organon’s biosimilar collaborators.As previously disclosed, Organon does not forecast IPR&D (in process research and development) or milestone payments due to the level of uncertainty and ability to forecast the timing o Show less Read more
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