Financing

Royalty Pharma sells $485 million interest to Aisling Capital and Clarus Ventures in royalty financing round

Posted on 13 August 2013

Tags: , , ,

Royalty Pharma has sold it's $485 million interest in Ibrutinib to Aisling Capital and Clarus Ventures in a royalty financing round.

Royalty Pharma announced that, pursuant to a collaboration with Aisling Capital and Clarus Ventures, it has sold to Aisling and Clarus approximately 20% of the royalty financing interest in Ibrutinib it recently acquired from Quest Diagnostics for a pro rata percentage of the $485 million Royalty Pharma paid to Quest for the royalty.

Pharmacyclics and Janssen Pharmaceutical's Ibrutinib was filed with the U.S. Food and Drug Administration in July 2013 for relapsed/refractory mantle cell lymphoma and relapsed/refractory chronic lymphocytic leukemia after receiving Breakthrough Therapy Designation from FDA earlier this year, prior to this royalty financing deal.

Ibrutinib has received three of the eight Breakthrough Therapy Designations granted by the FDA to date in oncology, prior to the royalty financing round.

Royalty Pharma is the industry leader in acquiring royalty financing interests in marketed and late stage biopharmaceutical products.

Clarus Ventures is a life sciences venture capital firm founded by a team of accomplished investment and operating professionals.

Aisling Capital is a life sciences-dedicated venture capital firm with over US$1.6 billion under management.

Related

Report: Oncology Partnering Terms and Agreements

Report: Lymphoma Partnering

Report: Leukemia Partnering

View: Current Partnering’s Partnering Scorecard – view top life science partnering deals by value

View: Current Partnering’s Deal Metrics – the latest deal trend infographics for life science deal making

View: Current Partnering’s Big Pharma Deal Making Scorecard – latest trends in big pharma deal making activity

View: Current Partnering’s Big Biotech Deal Making Scorecard – latest trends in big biotech deal making activity

Signup: Current Partnering Dealmakers Update – weekly newsletter providing the latest life science industry deal news, deal making trends, partnering events – sign up now

Signup: Current Agreements Deals Review – monthly newsletter - reviewing the previous month’s life science deal making – partnering, M&A and financing – sign up now

Subscribe: Current Agreements life sciences partnering, M&A and financing deals database – find out more

Follow us on: LinkedIn Current Partnering | LinkedIn Business Development Network | @Currentpartner on Twitter

Print Friendly, PDF & Email

Leave a Reply

 

cabannerad300x150new4gif
rauconbadgejpg
e80banner300x150animgif
cpbannerad300x150new2gif
e80banner300x150animgif
a1banner300x150animgif