Cross-Border Pharmaceutical Royalty Transactions
Introduction
The pharmaceutical royalty market has become increasingly sophisticated, with specialized funds and institutional investors acquiring rights to future royalty
Biotech Liquidation Market Enters Consolidation Phase Amid Historic Sector Distress
The biotech liquidation market showed signs of maturation during September-November 2025, with established players pausing acquisition activity while market distress
The Promise and Perils of Royalty-Financed Platform Trials: Can Wall Street Finally Cure ALS?
A new financing model proposes to bridge biotech's "valley of death" by combining adaptive platform trials
The Weekly Term Sheet (46)
The biotech sector experienced one of its most intense dealmaking periods of 2025 during November 10-15, with over $25 billion
Royalty Financing as Defensive Capital: A Study in Takeover Deterrence
Introduction: Raising Capital for Defense
In the biotech industry's recent downturn, many companies have faced plummeting valuations – over
Fund of the week: Royalty Pharma
Executive Summary
Royalty Pharma (Nasdaq: RPRX) represents a paradox in modern pharmaceutical finance: a company that has simultaneously constructed formidable
Company of the Week: Braveheart Bio
With a name like Braveheart, this San Francisco-based biotech is showing plenty of heart (and courage) as it launches into
The Geopolitical Royalty: Structuring and De-risking Cross-Border Biotech Revenue Streams Between China and the West
A New Axis of Royalty Flows
China's biotech industry has become an increasingly vital node in global pharmaceutical
From Ivory Tower to Wall Street: Monetizing University Biotech Royalties
A scientist in a university lab toils over a breakthrough therapy. Years later, that discovery becomes a best-selling drug, delivering
Navigating Regulatory and Reimbursement Disruption: How Accelerated Approvals and Pricing Reforms Are Reshaping Pharmaceutical Royalty Valuations
Introduction: The Perfect Storm of Regulatory and Pricing Uncertainty
The pharmaceutical royalty market is experiencing an unprecedented convergence of regulatory