Organon Reports Boosted Growth In Biosimilars Portfolio Revenue

The Company Attributes The Growth To Increasing Demand And Local Tenders

In what has been described by some analysts as a “solid start” to 2024, Organon has reported a 46% increase in revenue from its biosimilars portfolio amid broader improvement.

Organon's sign as seen during the fifth China International Import Expo
• Source: Shutterstuck

Organon has reported strong growth of its biosimilars division in the first quarter of 2024 on the back of increased global demand for its three products.

The revenue of the company’s biosimilars segment grew by 46% on an as-reported basis from $116m last year to $170m in the first quarter of 2024. The reported revenue increase exceeded analyst expectations, based on a 3 May note from Barclays

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