Generics Attract Royalty Funding Options Too
Generics firms also have more financing options, it seems. Last month, Paul Capital Partners, through its Paul Royalty Fund, agreed to invest $27 million in the development of 16 dermatology products at India's Glenmark Pharmaceuticals. It's not big money, but the deal points to the growing clout of the generic segment of the pharma industry.
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Project financing, claim its proponents-in particular Symphony Capital-offers an alternative to highly dilutive equity offerings, preserving the upside from the development of a successful product for the biotech. That's true, though this expensive capital isn't for everyone. Yet as Big Pharma's productivity challenge deepens, project financing is helping to swing the balance of power further towards small companies.
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Pandemic Perspectives: Acacia CEO Says Pre-Existing Commercial Relationships, End-User Backing Key To Product Launches
Despite sector lockdowns there, Acacia has just launched two hospital-based products in the US. Its CEO Mike Bolinder tells Scrip how it defied the pandemic to get its drugs to their users.