Organon & Co. - OGN STOCK NEWS

On April 19, 2023, Lifezone Metals announced the initiation of an off-take marketing process for nickel, copper, and cobalt from its Kabanga Project, believed to be among the world's largest and highest-grade nickel deposits. This move follows a Business Combination Agreement with GoGreen Investments Corporation (NYSE: GOGN). Lifezone aims to support the clean energy transition through its proprietary Hydromet Technology, which offers a low-carbon alternative to traditional smelting. The company holds marketing rights for up to 40% of the Kabanga Project's total production. RBC Capital Markets will oversee the marketing process, which is critical for monetizing the project amid rising demand from electric vehicle and battery manufacturers.

Organon (NYSE: OGN) has launched a global initiative named “Her Plan is Her Power” with a funding of $30 million aimed at addressing unplanned pregnancies, which affect approximately 121 million women and girls yearly. This initiative extends from the previous FP2030 commitment and focuses on improving access to contraceptive services. The multi-year program (2023-2025) includes collaborations with UNFPA and grants to local organizations across 13 countries. The initiative was announced on International Women’s Day, highlighting the urgent need for public health solutions in women’s reproductive health.

Organon (NYSE: OGN) reported full-year 2022 revenues of $6.2 billion, a 2% decrease from 2021. Women's Health revenue grew 4% to $1.7 billion, driven by Nexplanon, while Biosimilars increased 13% to $481 million. Established Brands experienced a 5% revenue decline to $3.9 billion.

Adjusted EBITDA was $2.1 billion with an EBITDA margin of 33.8%. The diluted earnings per share from continuing operations fell to $3.59, down 32% from 2021. For 2023, revenue guidance ranges from $6.150 billion to $6.450 billion.

Organon (NYSE: OGN) emphasizes the critical need for increased investment in women's health ahead of International Women's Day on March 8. The company highlights that only 1% of healthcare research targets conditions unique to women. As part of its commitment, Organon provides paid time off for its 10,000 employees globally, including 400 in the MENAT region, to advocate for women's health. Key areas of concern include menopause, maternal health, and endometriosis, with calls to engage stakeholders in addressing these issues. Organon aims to stimulate dialogue and action to improve women's health outcomes.

Organon (NYSE: OGN), a global women’s healthcare company, will announce its fourth quarter and full year 2022 financial results on February 16, 2023, before its conference call at 8:30 a.m. EST. The call will be accessible via a live webcast on the Organon website, with a replay available two hours post-event. Institutional investors must register in advance to participate, allowing them to join without operator assistance. Organon focuses on women's health, featuring over 60 products, and is positioned for growth through collaboration with biopharmaceutical innovators in international markets.

Organon (NYSE: OGN) has announced an $8 million strategic investment in Claria Medical, a company developing a medical device aimed at enhancing laparoscopic hysterectomy procedures. This investment includes an option for Organon to acquire Claria Medical. The Claria System is designed to improve safety and efficiency in hysterectomy surgeries and has been accepted into the FDA’s Safer Technologies Program. This move underscores Organon’s commitment to innovation in women’s healthcare.

Organon (NYSE: OGN) will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 10th, 2023, at 7:30 a.m. PT. CEO Kevin Ali and CFO Matthew Walsh will engage in a fireside chat, accessible via a live audio webcast. This event underscores Organon's commitment to women's health with over 60 products aimed at improving health outcomes. The company, headquartered in Jersey City, New Jersey, is focused on innovation and collaboration in the biopharmaceutical sector.

Organon (NYSE: OGN) announced the appointment of Kirke Weaver as General Counsel and Corporate Secretary, effective January 1, 2023. Mr. Weaver, who was previously the interim head since July 2022, brings nearly 20 years of pharmaceutical experience, including key roles at Merck. His leadership is expected to further Organon's commitment to women’s health while enhancing its ethical operations. The company aims for continued growth through innovation and collaboration in the healthcare sector.

Organon (NYSE: OGN) will participate in a fireside chat at the Piper Sandler 34th Annual Healthcare Conference on November 29, 2022, at 9:00 a.m. EST. The chat will feature CEO Kevin Ali and CFO Matthew Walsh. Interested parties can listen to the live webcast via this link. Organon focuses on women's health with a diverse portfolio of over 60 medicines and products, supported by a robust cash flow, aiming for innovation and growth.