
Singulair (montelukast) is owned by Organon & Co. (NYSE: OGN), a global pharmaceutical company spun off from Merck & Co. in June 2021. Singulair was originally developed by Merck and received FDA approval in 1998 for asthma treatment. Following the spinoff, Organon acquired the rights to Singulair and other Merck legacy products. In 2020, the FDA required a boxed warning on Singulair due to neuropsychiatric side effects including depression and suicidal thoughts. Organon is headquartered in Jersey City, New Jersey.
Parent Company
Acquired
2021
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Singulair | Organon & Co. | Wholly owned |
Singulair was developed by Merck & Co. through research into leukotriene receptor antagonism for treating asthma and allergies. The active ingredient, montelukast sodium, works by blocking leukotriene receptors in the airways, reducing inflammation and constriction.
The FDA approved Singulair in 1998 for the treatment of asthma in adults and children. Following its initial approval, the drug received additional indications for allergic rhinitis (2001) and exercise-induced bronchoconstriction (2007). Singulair quickly became one of the most prescribed asthma medications globally, reaching peak sales of approximately $4.5 billion annually before its patent expired in 2012.
After patent expiration, generic versions of montelukast became available, significantly reducing Singulair's branded revenue. However, the brand continued to generate substantial sales, particularly in markets where generic penetration was slower.
In 2020, the FDA required a boxed warning on Singulair and generic montelukast products due to reports of neuropsychiatric side effects, including depression, suicidal thoughts, and behavioral changes. This represented a significant regulatory action that restricted the drug's use, particularly in patients with mild symptoms.
In June 2021, Merck spun off Organon as an independent company, transferring Singulair and other established products to the new entity. Organon now markets Singulair alongside its portfolio of women's health products, biosimilars, and other established brands.
In November 2024, FDA researchers published findings that montelukast may be linked to serious mental health problems, providing new evidence of a molecular link between the drug and neuropsychiatric effects. This research reinforced the 2020 boxed warning and led to increased scrutiny of the medication.
As of 2026, Singulair faces numerous lawsuits from patients alleging neuropsychiatric injuries. The litigation alleges that Merck was aware of the neuropsychiatric risks but failed to provide adequate warnings to patients and healthcare providers.
Who owns Organon & Co.?
Organon & Co. is a publicly traded company listed on the New York Stock Exchange under ticker OGN. The company was created through a spin-off from Merck & Co. on June 3, 2021. Merck shareholders received one share of Organon for every ten Merck shares held. Shares are widely held by institutional investors, with no single shareholder exercising controlling influence. The company has a single class of common stock with no dual-class share structure. Interim CEO Joseph Morrissey has led the company since October 2025.
Why was Organon spun off from Merck?
Merck announced the spin-off in February 2020 to create two focused companies. Merck wanted to concentrate on its growth pillars in oncology, vaccines, and key products like Keytruda. The women's health, established brands, and biosimilars businesses, while generating $6.5 billion in 2020 revenue, were not central to Merck's long-term strategy. The spin-off was expected to deliver approximately $1.5 billion in incremental operating efficiencies for Merck over three years. In connection with the spin-off, Merck received a distribution of approximately $9 billion from Organon.
What is Organon's revenue?
Organon reported revenue of $6.2 billion in FY2025, down 3 percent from $6.4 billion in FY2024. Women's Health contributed $1.75 billion, Established Brands $3.69 billion, Biosimilars $691 million, and Other $82 million. Adjusted EBITDA was $1.91 billion, representing a 30.7 percent margin. Diluted EPS was $0.72, and adjusted diluted EPS was $3.66. For FY2026, the company guided to approximately $6.2 billion in revenue and approximately $1.9 billion in adjusted EBITDA.
What products does Organon own?
Organon owns over 70 medicines and products. Key women's health products include Nexplanon (contraceptive implant), NuvaRing (vaginal ring contraceptive), Cerazette (progestin-only pill), and Follistim AQ/Puregon (fertility treatment). Established brands include Propecia (finasteride for hair loss), Singulair (montelukast for asthma), Zetia, Arcoxia, and Renitec. Biosimilars include Renflexis, Ontruzant, and Hadlima. The dermatology portfolio includes VTAMA (tapinarof cream, acquired in October 2024), Diprosone, and Elocon.
Why did Organon's CEO resign?
CEO Kevin Ali resigned on October 26, 2025, after the company's audit committee completed an investigation into improper wholesaler sales practices for Nexplanon. The investigation found that certain US wholesalers were asked to purchase more Nexplanon than they needed at the end of multiple quarters in 2022, 2024, and 2025 to enable Organon to meet guidance and external revenue expectations. The board determined the practices were improper and that certain prior statements were inaccurate or incomplete. Ali agreed to forgo severance and equity-related retirement benefits. The company also terminated its head of US commercial and government affairs.
What is the JADA System divestiture?
In late 2025, Organon announced an agreement to divest its JADA System, a device for controlling postpartum uterine bleeding, to Laborie Medical Technologies for up to $465 million. The deal included $440 million upfront and up to $25 million in milestone payments based on 2026 revenue targets. The divestiture was completed on January 28, 2026, with approximately 100 employees transferring to Laborie. Organon acquired the JADA System through its 2021 acquisition of Alydia Health. The proceeds are being applied to debt reduction as part of the company's deleveraging efforts.
What is VTAMA?
VTAMA (tapinarof) cream is a non-steroidal topical treatment for plaque psoriasis in adults and atopic dermatitis in adults and children. Organon acquired VTAMA through its purchase of Dermavant Sciences Ltd. from Roivant Sciences, which closed on October 28, 2024. The total consideration was up to approximately $1.2 billion, including a $175 million upfront payment, a $75 million regulatory milestone, and up to $950 million in commercial milestones, plus tiered royalties. VTAMA is Organon's first major dermatology acquisition and represents the company's strategy of expanding into adjacent therapeutic areas.
Singulair operates under Organon's corporate sustainability framework. As a prescription medication, its ethical considerations center on patient safety, regulatory compliance, and appropriate marketing.
FDA Regulatory Compliance: Singulair is subject to FDA regulation as a prescription drug. The 2020 boxed warning for neuropsychiatric side effects represents a significant regulatory action. Organon must comply with FDA requirements for warning labels, adverse event reporting, and post-marketing surveillance.
Patient Safety: The neuropsychiatric side effects associated with Singulair have raised significant patient safety concerns. The FDA's 2020 boxed warning and 2024 research findings have led to increased scrutiny of the drug's risk-benefit profile, particularly for patients with mild symptoms who may have alternative treatment options.
Manufacturing Standards: Singulair manufacturing facilities in the United States, Belgium, Germany, and Ireland must comply with FDA and international pharmaceutical manufacturing standards (cGMP). Organon inherited these manufacturing operations from Merck as part of the 2021 spinoff.
Drug Access: As a generic montelukast is available since 2012, patient access to affordable treatment is less of a concern than for patented drugs. However, the branded Singulair product continues to be marketed in markets where generic penetration is slower.
For more details, see Organon's corporate responsibility report.
Singulair has received recognition for its therapeutic innovation in asthma and allergy treatment, though its reputation has been significantly affected by the neuropsychiatric safety concerns.
FDA Approval Milestones: Singulair received FDA approval for asthma (1998), allergic rhinitis (2001), and exercise-induced bronchoconstriction (2007), demonstrating its therapeutic versatility across respiratory conditions.
Clinical Impact: Before the 2020 boxed warning, Singulair was one of the most prescribed asthma medications globally, with peak annual sales of approximately $4.5 billion. The drug represented an important advancement as an oral leukotriene receptor antagonist, offering an alternative to inhaled corticosteroids.
Generic Availability: The 2012 patent expiration and subsequent generic montelukast availability expanded patient access to the medication at lower costs.
FDA Boxed Warning (2020): The FDA announced a boxed warning for Singulair and generic montelukast, alerting the public to the risk of neuropsychiatric events including depression, suicidal thoughts, and behavioral changes. The warning was based on mounting evidence of mental health complications associated with the medication. The FDA recommended that healthcare providers consider the risks before prescribing montelukast for patients with mild symptoms, particularly allergic rhinitis. (FDA)
FDA Research on Molecular Link (November 2024): U.S. government researchers found new evidence of a molecular link between montelukast and neuropsychiatric problems. The FDA research identified potential mechanisms by which the drug affects the brain, reinforcing the 2020 boxed warning and leading to increased scrutiny. (CNBC)
Singulair Lawsuits (2025-2026): Numerous lawsuits have been filed against Merck by patients who experienced neuropsychiatric injuries allegedly caused by Singulair. The lawsuits allege that Merck was aware of the risk of neuropsychiatric problems but failed to provide adequate warnings to patients and healthcare providers. As of 2026, litigation is ongoing. (Forbes Advisor)
New York Attorney General Letter: The New York Attorney General sent a letter to the FDA urging stronger warnings and restrictions on Singulair, citing concerns about inadequate patient and provider awareness of neuropsychiatric risks. (NY AG)
Patent Expiration Impact (2012): Singulair's patent expired in 2012, leading to widespread generic montelukast availability. While this reduced branded revenue significantly, it also expanded patient access to affordable treatment. The generic versions are subject to the same FDA boxed warning.
Merck to Organon Transfer (2021): The transfer of Singulair from Merck to Organon as part of the 2021 spinoff created questions about liability for the neuropsychiatric side effects. Lawsuits have targeted both Merck (as the original developer) and Organon (as the current marketer), creating complex legal proceedings.
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