Capital ManagementManagement continues to characterize their approach to capital allocation as 'prudent', with servicing of the dividend (unchanged) as a top priority, along with debt pay down, then consideration of business development opportunities to expand the portfolio.
DiversificationOGN is diversifying into a US branded area (immunology/dermatology) outside of where they have a meaningful presence.
Market PotentialThe deal is seen as a positive for OGN given that both psoriasis and atopic dermatitis represent sizeable branded markets.