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Stock impact report

Organon to Report Third Quarter 2024 Results and Host Conference Call on October 31, 2024

Organon & Co. (OGN) 
Company Research Source: Business Wire
Company estimates $51 million of milestone expense in the third quarter JERSEY CITY, N.J.--(BUSINESS WIRE)--Organon (NYSE: OGN), a global healthcare company with a focus on women’s health, will release its third quarter 2024 financial results on October 31, 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 $51 million of milestone expense in the third quarter of 2024, representing an impact of approximately $0.16 to both GAAP and non-GAAP earnings per share. Of the anticipated milestone expense in the quarter, $50 million relates to a denosumab biosimilar candidate which is progressing under the company’s license agreement with Shanghai Henlius Biotech, Inc.As previously disclosed, Organon does not forecast IPR&D (in process research and development) or milestones due to the level of uncertainty and ability to forecast the timing of such achievements. As such, these milestones, as w Show less Read more
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