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Current Partnering’s comprehensive listing of terms used in business development.

When I use a word,’ Humpty Dumpty said in a rather scornful tone. ‘it means just what I choose it to mean – neither more nor less.’ Lewis Carroll, Through the Looking Glass

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9

Polyclonal antibodies

Polyclonal antibodies (or antisera) are antibodies that are obtained from different B cell resources. They are a combination of immunoglobulin molecules secreted against a specific antigen, each identifying a different epitope. These antibodies are typically produced by inoculation of a suitable mammal, such as a mouse, rabbit or goat. Larger mammals are often preferred as [...]

Patent expiry

Expiry of a patent is a matter that is sometimes difficult to determine. Normally, a patent has a life of 20 years from filing. Therefore, if a patent was filed on 27th September 1988, the patent would normally expire 20 years from this date. However, the term may be extended for a number of reasons [...]

PIPE

See: Private Investment in Public Equity

Private Investment in Public Equity (PIPE)

A private investment firm’s, mutual fund’s or other qualified investors’ purchase of stock in a company at a discount to the current market value per share for the purpose of raising capital. There are two main types of PIPEs – traditional and structured. A traditional PIPE is one in which stock, either common or preferred, [...]

Publicity

Clause defining what if any publicity may be put into the public domain.

Permitted disclosures

Disclosures of confidential information permitted by the agreement.

Price

The price at which product is supplied by one party to another. The supply agreement will normally provide a clause that defines how price shall be determined for the supply of product from one party to another.

Preference shares

These are non-equity shares. They rank ahead of all classes of ordinary shares for both income and capital. Their income rights are defined and they are usually entitled to a fixed dividend (e.g. 10% fixed). The shares may be redeemable on fixed dates or they may be irredeemable. Sometimes they may be redeemable at a [...]

Preferred ordinary shares

These may also be known as “A” ordinary shares, cumulative convertible participating preferred ordinary shares or cumulative preferred ordinary shares. These are equity shares with preferred rights. Typically they will rank ahead of the ordinary shares for both income and capital. Once the preferred ordinary share capital has been repaid and then the ordinary share [...]

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