Royalty financings were relatively few and far between in the first quarter of 2022, but the number of these financings more than doubled in Q1 of 2023 – from three to seven – and the amount of money royalty purchasers committed to biopharmaceutical companies in the transactions more than tripled from $590m to $2.1bn, according to data from Biomedtracker’s Financing Quarterly Statistics report.
Finance Watch: Royalty Deals Pick Up As Alternative Financings Find Appeal
Pfizer Prices $31bn Debt Offering To Fund Seagen Buy
Public Company Edition: Seven companies revealed $2.1bn worth of royalty financings in the first quarter of 2023 and the deals keep coming in Q2, with uniQure monetizing Hemgenix royalties for up to $400m. Also, Legend grossed $350m in a follow-on offering and Athenex is liquidating via bankruptcy.
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