In November 1158, on the plains outside Piacenza, Emperor Frederick Barbarossa convened the Diet of Roncaglia to reassert imperial authority over the wealthy cities of northern Italy. Among the prerogatives he claimed was one that would have seemed entirely unremarkable to his contemporaries but reads, to a modern royalty investor,

Kazia Therapeutics is a Sydney, Australia-based clinical-stage oncology company developing therapies designed to reprogram cancer biology and overcome treatment resistance. The company trades on Nasdaq under the ticker KZIA and, as of mid-April 2026, carries a market capitalisation of approximately $110 million at a share price around

Fund Snapshot Firm OMERS Life Sciences (division of OMERS Capital Markets) Parent Ontario Municipal Employees Retirement System (OMERS) Established 2016 Parent Net Assets CAD $145.2B (~USD $104B) as of December 31, 2025 2025 Parent Net Return 6.0% / CAD $8.2B in net investment income Cumulative Life Sciences Deployment

Somewhere between a licence, a loan, and an equity investment — but structurally none of these — sits a transaction type that has quietly become one of the most consequential instruments in late-stage pharmaceutical finance. No IP changes hands. No fixed coupon is owed. No shares are issued, no board seats

Pure medical device royalty monetization remains a small segment of the life sciences non-dilutive capital market. Of Gibson Dunn's reported $6.5 billion in aggregate 2025 royalty financing, the device share is statistically rounding error — and Q1 2026 continued the pattern. Three transactions closed in January 2026

Notes from the 7th Norwegian Life Science Investor Partnering Day on what Norway has, what is missing, and how a Norwegian pharmaceutical royalty fund could actually be put together.

W16 opened with Friday holdovers and closed with a Friday evening headlined by UCB's up to $1.15 billion acquisition of Neurona Therapeutics ($650M upfront + $500M in milestones), the first major regenerative cell therapy M&A of 2026 and UCB's structural entry into cell-based

When Royalty Pharma filed its S-1 prospectus ahead of its 2020 IPO, the organizational chart told a story that no amount of financial modeling could fully capture. At the top sat Royalty Pharma plc, an English public limited company incorporated under the laws of England and Wales. Beneath it,

Opus Genetics is a Research Triangle Park, North Carolina-based clinical-stage biopharmaceutical company developing gene therapies for inherited retinal diseases (IRDs). The company trades on the Nasdaq under the ticker IRD and, as of April 14, 2026, carries a market capitalisation of approximately $396 million at a share price

Fund Snapshot Firm Jeito Capital Fund I Jeito I, €534M ($630M), final close September 2021 Fund II Jeito II, >€1B ($1.2B), final close March 31, 2026 Total AUM €1.6B (~$1.9B) Target Portfolio Fund I: 12--15 companies (actual: ~22); Fund II: 15--20 companies Max Single