Latest

17
Jan
Stacking Royalty Financings: Priority Waterfalls, Leakage Risks, and Synthetic Seniority

Stacking Royalty Financings: Priority Waterfalls, Leakage Risks, and Synthetic Seniority

Royalty financings in pharma and biotech are increasingly "stacked" – multiple monetizations and debt facilities layered on identical royalty
10 min read
16
Jan
Fund of the week: Droia Ventures

Fund of the week: Droia Ventures

Executive Summary Droia Ventures is a Belgium-based venture capital firm that has established itself as one of Europe's
11 min read
15
Jan
DISCO Pharmaceuticals: Grooving Through the Cancer Surfaceome

DISCO Pharmaceuticals: Grooving Through the Cancer Surfaceome

No, they're not selling disco balls—but DISCO Pharmaceuticals certainly knows how to shine in biotech. The company
22 min read
14
Jan
Repayment Caps in Pharmaceutical Royalty Transactions: A Definitive Reference Guide

Repayment Caps in Pharmaceutical Royalty Transactions: A Definitive Reference Guide

Repayment caps have emerged as the defining structural element of synthetic royalty transactions, appearing in 72% of deals from 2019–
20 min read
13
Jan
University Technology Transfer: How the US and Europe Compete for Pharmaceutical Royalties

University Technology Transfer: How the US and Europe Compete for Pharmaceutical Royalties

The commercialization of academic research has become one of the most consequential—yet least understood—dynamics in global pharmaceutical markets.
24 min read
12
Jan
Why European Capital Hasn't Captured Pharmaceutical Royalty Streams

Why European Capital Hasn't Captured Pharmaceutical Royalty Streams

European biopharma companies frequently monetize their U.S. royalty streams by selling them to American investors. In theory, these royalty financing rights could be sold to European investment funds — yet in practice this remains uncommon.
37 min read
11
Jan
The Weekly Term Sheet (2026-W02)

The Weekly Term Sheet (2026-W02)

The first full week of 2026 delivered an unusually dense news cycle. Billion-dollar acquisitions, major licensing partnerships, the year's first biotech IPO, and the FDA's sweeping deregulation of wellness AI at CES 2026 combined to produce one of the more new dense weeks.
22 min read
10
Jan
CES 2026 Digital Health: The Complete Intelligence Report

CES 2026 Digital Health: The Complete Intelligence Report

A comprehensive analysis of AI-powered healthcare innovations, regulatory shifts, strategic partnerships, and emerging technologies reshaping medicine and wellness
19 min read
09
Jan
Fund of the week: Canada Pension Plan Investment Board (CPPIB)

Fund of the week: Canada Pension Plan Investment Board (CPPIB)

CPP Investments has deployed over $4 billion in life sciences since 2017—from Keytruda royalties to BridgeBio synthetics to biotech venture. How Canada's largest pension fund built a pharma powerhouse through patient capital and creative deal structures.
16 min read
08
Jan
Company of the week: Gan & Lee Pharmaceuticals

Company of the week: Gan & Lee Pharmaceuticals

Introduction and Company Overview Founded in 1998, Gan & Lee Pharmaceuticals (SHSE: 603087) is a Chinese biopharma company specializing in
17 min read