Merck women's health spinout Organon bags preterm labor drug ahead of phase 3

Women’s health specialist Organon has seen enough promise ObsEva's preterm labor prospect ebopiprant to acquire global rights in its first new deal since spinning out of Merck & Co. last month. The deal is back loaded, with $385 million tied to sales milestones and $90 million tied to development and regulatory events but comes with $25 million upfront.