The Weekly Term Sheet (2026-W04)
The final week of January 2026 delivered the largest licensing deal of the year so far, a collapsed mega-merger, and
Liens in Pharmaceutical Royalty Financing Transactions
2025-2026 Market Overview: Record Volume Reshapes the Landscape
Before diving into the technical intricacies of liens, it is worth pausing
Fund of the week: SLR Capital
SLR Investment Corp. (NASDAQ: SLRC) is a New York-based business development company externally managed by SLR Capital Partners, a specialty
Company of the week: Mendra
Executive Summary
Mendra, Inc. is a newly launched San Francisco-based biopharmaceutical company targeting high-unmet-need rare diseases. In January 2026, the
GCC Pharmaceutical Industry: Sovereign Wealth Funds and Local Manufacturers
The Gulf Cooperation Council (GCC) pharmaceutical industry is undergoing significant structural changes as sovereign wealth funds deploy capital and local
Why Pension Funds Are Investing in Pharmaceutical Royalties
The Pension Fund Challenge—And Why Royalties Address It
Defined benefit pension plans face a structural dilemma: actuarial assumptions of
Indication-Specific Royalties in Pharma and Medtech: Structure, Allocation, and Recent Deals
What Are Indication-Specific Royalties?
Indication-specific royalties are royalty financing or licensing arrangements where payments are tied only to sales of
The Weekly Term Sheet (2026-W03)
The third week of January, recorded over $10 billion in confirmed and potential transaction value across 30+ biotech, pharmaceutical, and
Monetizing Mature Pharmaceutical Assets: Consumer Health, Biosimilars, and Post-LOE Biologics
The pharmaceutical royalty market has deployed over $29 billion since 2020 into patent-protected assets—yet systematically ignores a parallel universe
Fund of the week: BCM Europe AG
BCM Europe AG occupies an unusual position in the pharmaceutical financing landscape. The Zug-based investment company has quietly assembled control