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BAYN Bayer AG

28.075
-0.075 (-0.27%)
20:33:30 - Realtime Data
Share Name Share Symbol Market Type
Bayer AG TG:BAYN Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.075 -0.27% 28.075 28.025 28.075 28.35 27.945 28.185 190,465 20:33:30

Organon Buys Rights to Certain Bayer Contraceptive Products in China

16/02/2022 2:34pm

Dow Jones News


Bayer (TG:BAYN)
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By Michael Dabaie

 

Organon & Co. said it acquired the rights from Bayer AG to Marvelon and Mercilon, combined oral hormonal daily contraceptive pills, in the People's Republic of China, including Hong Kong and Macau.

Organon said it also entered into an agreement to acquire the rights to these products in Vietnam.

Marvelon and Mercilon are already owned, manufactured, and marketed by Organon as prescription oral contraceptives in 20 other markets. This acquisition gives Organon full global ownership of these brands, except in South Korea, by reacquiring the rights to them in these markets.

Organon said it expects the agreement to acquire the rights in Vietnam to close in the first half of 2022.

Marvelon is currently available over the counter in China and both Marvelon and Mercilon are available over the counter in Hong Kong and Macau. Marvelon and Mercilon are currently available by prescription in Vietnam.

Both contraceptives were acquired by Bayer AG in these markets from Merck & Co. Inc. in 2014 as part of the sale of Merck & Co.'s consumer care business. Organon was formed through a spin-off from Merck.

Marvelon and Mercilon aren't available in the U.S.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

February 16, 2022 09:19 ET (14:19 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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