Merck Hosts Organon Investor Day Outlining New Company's Vision, Focus and Business Model for Sustained Growth
Merck (NYSE: MRK), known as MSD outside the United States and Canada, today will host Organon management at a meeting with the investment community. Management will detail plans for how Organon is expected to drive sustainable growth and shareholder value as a standalone company.
"The spinoff of Organon will help Merck become a leaner, more focused and agile company with stronger growth, and will enable significant operating efficiencies. Organon, as a standalone company, will be better positioned to realize its potential and to have a meaningful impact, particularly in women's health", said Rob Davis, president, Merck. "We believe this transaction will create value for the patients both companies serve and for Merck shareholders."
At launch, Organon's portfolio will consist of more than 60 medicines and products across its three core franchises: Women's Health, Biosimilars and Established Brands.
"On June 3rd, Organon will launch as a new company, with solid growth opportunities and the ability to make an impact in women's health," said Kevin Ali, Organon's chief executive officer. "Our day one portfolio consists of many well-known products that were once core to Merck's business but have since strategically received limited resources and investment. These are important medicines that we believe will be responsive to commercial investment, and with renewed management focus, we expect the portfolio to generate low to mid-single organic revenue growth off of a 2021 base. Additionally, as the only company of our size to be focused on women's health, we have a significant opportunity to do more to support women and their health, and the time is right to bring forward more options for patients and healthcare providers."
During the event, members of Organon's leadership team will outline the company's strategic priorities to generate value for patients and shareholders. These include:
Investor Day will feature presentations from the following Merck and Organon executives in order of their appearance:
The full biographies of the speakers can be found at www.merck.com/events/organon-co-investor-day.
Organon is expected to have a global footprint with significant scale and geographic reach, world-class commercial capabilities, and Organon is expected to have a global footprint with significant scale and geographic reach, world-class commercial capabilities, and approximately 10,000 employees with headquarters located in Jersey City, New Jersey.
Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA
Risks and uncertainties include but are not limited to, uncertainties as to the timing of the proposed spinoff; uncertainties as to the status of any required regulatory approvals; the possibility that various conditions to the consummation of the spinoff may not be satisfied; the effects of disruption from the transactions contemplated in connection with the spinoff; general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; the impact of the global outbreak of novel coronavirus disease (COVID-19); global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company's 2020 Annual Report on Form 10-K, Organon's Registration Statement on Form 10 (File No. 001-40235) and the company's other filings with the Securities and Exchange Commission (SEC (News - Alert)) available at the SEC's Internet site (www.sec.gov).
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