Royalty Pharma has years of success behind it and reached new heights with a record-setting initial public offering of $2.18bn on 16 June – followed by its share price soaring during its first day on the public market. That should be a sound foundation for the firm’s plans to be a financing backstop for industry, academic and institutional research in an uncertain business environment still unsettled by the novel coronavirus pandemic.
Royalty Pharma Nears Biopharma Record Take With $2.18bn IPO
Company specializing in trading upfront cash for downstream earnings makes its public debut with largest IPO of 2020, and the second largest ever in biopharma.
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