Organon completes licensing deal for 99% effective device
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- Organon completed a global licensing agreement with Sebela Pharmaceuticals for a hormone-free contraceptive device.
- The transaction secures Organon exclusive rights to distribute the health asset internationally.
- The company aims to expand long-acting reversible birth control choices for women starting in late 2026.
Organon (NYSE:OGN) finalized a global licensing agreement with Sebela Pharmaceuticals for a hormone-free birth control device that is 99% effective.
The medical asset represents the first hormone-free copper intrauterine device introduced in the United States in over 40 years.
"MIUDELLA represents an important hormone-free option in contraception, expanding choices for women seeking long‑acting reversible birth control," said Organon Chief Executive Officer Joe Morrissey.
The product prevents pregnancy for up to three years using a preloaded inserter with a 3.7mm tube diameter.
Following the announcement, Organon share price was up at $13.42.
The company will launch the product through a risk management program to mitigate potential improper insertion complications.
Management stated that the commercial launch of the treatment option inside the United States is scheduled for late 2026.
