Company of the week: TRex Bio - Decoding Regulatory T Cells for Autoimmune Therapies
What has tiny arms but might revolutionize autoimmune treatment? No, not that T-Rex—this one's all about regulatory T cells, and its reach into immunology is anything but short.
The Role of Arrow Declarations in Pharmaceutical Royalty Transactions – UK, EU, and US Perspectives
Introduction
Arrow declarations have emerged as a distinctive mechanism in patent litigation, particularly within the UK pharmaceutical sector, with significant
Equity Kickers in Life Sciences Financing: Warrant Structures, Deal Mechanics
Equity kickers—warrants, options, convertible features, or other equity-linked instruments bundled with debt or investment transactions—serve as return enhancers
Royalty Tail Structures in Pharmaceutical Royalty Transactions
Recent pharmaceutical royalty financings have increasingly featured "royalty tail" provisions. In a royalty monetization, an originator (typically a
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