CatalystMarker
← board

OGN

Organon and Codistress 2/10 · well-funded / low risk
$13.54+0%today0% from 52w high
organon.com10,000 employeesFounded 1923Jersey City, NJDrug Manufacturers - General
Lead: Atopic Dermatitis · est. market ~$15B (approx, global)
Revenue
$1460M
Liquidity
$1116M
Runway
Shares 1y
+1%

Price & events

+39.5% over 6M
$5.69$9.63$13.56Jan 26Apr 26Jul 26133.8Mfinancing: 8-K material_agreement (2026-04-27)rating: BNP Paribas: Outperform → Neutral (2026-04-29)rating: Piper Sandler: Underweight → Neutral (2026-04-28)rating: Barclays: Underweight (2026-02-24)
CatalystRating changeDilutionFinancingdashed = today
+0.1%
1D
+0.3%
1W
+0.6%
1M
+57.6%
3M
+39.2%
6M
+35.2%
1Y
-33.0%
2Y
-44.3%
5Y
-50.1%
All

Overview

Market Cap
$3.55B
Enterprise Value
$10.99B
Volume
62.59K
52 Week Range
$5.70 – $13.56
Total Shares
262.60M
Float Shares
261.08M
Short %
7.40%
% Held by Insiders
0.47%
% Held by Institutions
77.78%
RVOL
0.03x
Beta
1.54

Pipeline stages · 1 programs

Tapinarof cream, 1%, Vehicle Cream
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-10

Pipeline · 2 trials · 2 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-10
Estimated 50%
readout ~2026-12-15
Phase 3tapinarof cream, 1%Plaque Psoriasisactive not recruiting
2028-01
Estimated 50%
readout ~2028-03-16
Phase 3Tapinarof cream, 1%, Vehicle CreamAtopic Dermatitisrecruiting

Catalyst news & presentations · 4

Approved drugs (14)

  • VTAMATAPINAROF2022 · Prescription
  • XACIATOCLINDAMYCIN PHOSPHATE2021 · Prescription
  • ASMANEX HFAMOMETASONE FUROATE2014 · Prescription
  • LIPTRUZETATORVASTATIN CALCIUM2013 · Discontinued
  • DULERAFORMOTEROL FUMARATE2010 · Prescription
  • IMPLANONETONOGESTREL2006 · Discontinued
  • CLARINEX-D 12 HOURDESLORATADINE2006 · Prescription
  • FOLLISTIM AQFOLLITROPIN ALFA/BETA2005 · Discontinued
  • FOSAMAX PLUS DALENDRONATE SODIUM2005 · Prescription
  • ASMANEX TWISTHALERMOMETASONE FUROATE2005 · Prescription

Capital structure — dilution & financing

Shares out: 262,600,862 · 0 offerings/1y · 0 PIPEs
  • 2026-04-278-Kmaterial_agreement
  • 2024-09-238-Kmaterial_agreement
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
Upgrade to Pro

Wall St ratings

hold · target $11 (-17% upside) · 4 analysts
  • 2026-04-29BNP ParibasOutperform → Neutral
  • 2026-04-28Piper SandlerUnderweight → Neutral
  • 2026-02-24BarclaysUnderweight
  • 2025-12-09BarclaysUnderweight
  • 2025-11-11JP MorganUnderweight
  • 2025-11-11Morgan StanleyEqual-Weight

Competitors — Atopic Dermatitis

  • ABBVAbbVie Inc.$451.1B · D2
  • PFEPFIZER INC$142.2B · D3
  • ROIVRoivant Sciences Ltd.$25.1B · D0
  • KYMRKymera Therapeutics, Inc.$9.1B · D5
  • NKTRNEKTAR THERAPEUTICS$2.3B · D8
  • CRVSCorvus Pharmaceuticals, Inc.$1.1B · D4
  • ACRSAclaris Therapeutics, Inc.$769M · D4
  • EVMNEvommune, Inc.$405M · D3
  • TTRXTurn Therapeutics Inc.$287M · D2
  • APGEApogee Therapeutics, Inc. · D2

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.