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Royalty Pharma plc (Nasdaq: RPRX) is the leading acquirer of revenue-producing intellectual property, primarily focusing on royalty interests in marketed and late-stage biopharmaceutical products. Established in 1996, the company has built a robust portfolio with over $13 billion in assets and has invested nearly $5.8 billion to date. Royalty Pharma excels in acquiring and managing diverse royalty interests across various therapeutic areas, mitigating the common risks associated with biopharmaceutical investments.
Royalty Pharma's portfolio includes royalties on more than 35 commercial products, such as AbbVie and Johnson & Johnson's Imbruvica for blood cancers, Biogen's Tysabri for multiple sclerosis, and Vertex's cystic fibrosis drugs. The company also holds interests in 14 development-stage products, demonstrating its commitment to funding innovation in the biopharmaceutical sector.
Recent achievements include a $525 million acquisition of royalties and milestones on frexalimab, a promising therapy developed by Sanofi for multiple sclerosis and other immune-mediated diseases. This transaction enhances Royalty Pharma's development-stage portfolio, reinforcing its potential for long-term growth.
Financially, Royalty Pharma reported first-quarter 2024 results reflecting strong royalty receipts growth, driven by key therapies like Trelegy and Vertex’s cystic fibrosis franchise. The company maintains a solid liquidity position with $843 million in cash and cash equivalents and a total debt of $6.3 billion.
Royalty Pharma's strategic partnerships span a broad spectrum of innovators, from academic institutions and research hospitals to leading global pharmaceutical companies. This extensive collaboration network underscores the company's pivotal role in advancing medical research and providing essential funding for late-stage clinical trials and new product launches.
For more information, visit www.royaltypharma.com.
Royalty Pharma has acquired an ex-U.S. royalty interest in Gavreto from Blueprint Medicines for up to $340 million, comprising $175 million upfront and $165 million in potential milestone payments. Gavreto is a targeted therapy for certain RET-altered non-small cell lung cancers, approved in Europe since November 2021. This acquisition aligns with Royalty Pharma's strategy to invest in differentiated therapies addressing unmet medical needs. The royalty from Roche is expected to last until 2036 to 2040.
Blueprint Medicines (NASDAQ: BPMC) announced strategic financing collaborations with Sixth Street and Royalty Pharma (NASDAQ: RPRX) worth up to $1.25 billion, enhancing its financial position without shareholder dilution. The deal includes $575 million in cash at closing to support innovations and expand its pipeline, particularly for AYVAKIT and GAVRETO. The structured agreement involves various components, such as royalty monetization and credit facilities, aimed at driving growth in precision therapies for patients.
Royalty Pharma plc (Nasdaq: RPRX) will present at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 14, 2022, at 2:20 p.m. ET. Interested parties can access the live webcast from Royalty Pharma's Events page, with an archive available for at least 30 days. The company is renowned for being the largest buyer of biopharmaceutical royalties and a key innovator funder, boasting a diverse portfolio of royalties linked to over 35 commercial products including notable therapies like Imbruvica and Xtandi.
Royalty Pharma (Nasdaq: RPRX) will present at the UBS Global Healthcare Conference on May 24, 2022, at 1:15 p.m. ET. The session will be accessible via the company’s Events page and will be archived for thirty days.
Founded in 1996, Royalty Pharma is a leader in purchasing biopharmaceutical royalties and supports innovation in the industry. Its portfolio includes royalties on approximately 35 commercial products, such as AbbVie’s Imbruvica and Merck’s Januvia, as well as multiple development-stage candidates.
Royalty Pharma (RPRX) has increased its five-year capital deployment target to $10-12 billion, reflecting a robust outlook for the biopharmaceutical royalty market. The company anticipates compounded annual growth in Adjusted Cash Receipts of 11-14% from 2020 to 2025, up from a prior forecast of 7-10%. Moreover, Royalty Pharma estimates that demand for capital to fund life sciences innovation could exceed $1 trillion over the next decade. The firm is poised to leverage its strengthened market position to create substantial value for its stakeholders.
Royalty Pharma (RPRX) announced robust Q1 2022 results with net cash from operating activities at $460 million and Adjusted Cash Receipts rising 15% to $605 million. The company reaffirmed its 2022 guidance for Adjusted Cash Receipts set between $2,225 million and $2,300 million. A key highlight includes a $450 million expanded partnership with Cytokinetics for aficamten. Despite a 2% decrease in total income to $562 million, adjusted EBITDA climbed 15% to $556 million. The firm cited strong demand in the cystic fibrosis franchise as a primary growth driver.
Royalty Pharma has announced a dividend payment of $0.19 per Class A ordinary share for the second quarter of 2022.
The payment will occur on June 15, 2022, for shareholders on record by May 20, 2022. This reflects Royalty Pharma's ongoing commitment to return value to shareholders, supported by its robust portfolio of royalties from various leading biopharmaceutical products.
Royalty Pharma plc (RPRX) will report its Q1 2022 financial results on May 5, 2022, before U.S. markets open. A conference call will be held at 8:00 a.m. ET, accessible via phone and webcast. Royalty Pharma, founded in 1996, is a leader in buying biopharmaceutical royalties, with a portfolio covering over 35 commercial products. It collaborates with various innovators to fund clinical trials and product launches, securing future royalties. More details can be found on their official website.
Royalty Pharma plc (Nasdaq: RPRX) has pledged a $7.5 million commitment to The Leukemia & Lymphoma Society (LLS) to tackle healthcare disparities in blood cancer treatment over five years. This funding will support three initiatives aimed at enhancing access to care for underserved communities, including the Equity in Access Research Program, LLS IMPACT Research Grants, and Myeloma Link. Royalty Pharma will not gain any financial return from this charitable contribution, underscoring its commitment to equitable healthcare.
Royalty Pharma (Nasdaq: RPRX) will participate in a fireside chat at Cowen’s 42nd Annual Health Care Conference on March 8, 2022, at 11:10 a.m. ET. The event will be accessible via the company's Events page and archived for thirty days. Royalty Pharma is a leader in biopharmaceutical royalties, collaborating with various innovators and entitling itself to payments from top-selling therapies. Its portfolio includes royalties on over 35 products, enhancing funding for innovation in the biopharmaceutical sector.
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