Company of the week: Amicus Therapeutics
Executive Summary
Amicus Therapeutics (NASDAQ: FOLD) has transformed from a venture-backed rare disease startup into a profitable commercial-stage company with
December 2025 Oncology Conferences: Year-End Data from ASH, SABCS, and ESMO-IO
As 2025 draws to a close, three major oncology conferences delivered substantial clinical trial data that will inform treatment decisions
Global Royalty-Related Deals in Veterinary Pharmaceuticals: A Complete 2023-2025 Market Analysis
The veterinary pharmaceutical sector generated an estimated $650 million to $975 million in annual royalty flows in 2024, representing approximately
Where to List Your Biotech: A Strategic Guide for European Executives in 2025
The question of where to take a biotech company public has never carried higher stakes. In 2025, the transatlantic divide
The Weekly Term Sheet (50)
The week of December 8-13, 2025 delivered extraordinary capital formation across biopharma, with $3.2 billion in follow-on offerings sold
Pie-Crust Promises: The $95 Billion Gap Between Biotech Biobucks and Reality (2023-2025)
Biotech deal announcements routinely trumpet eye-catching "biobucks" figures—billions promised in future milestone payments if all goes well.
Fund of the week: SWK Holdings
A Dallas-based specialty lender approaches a pivotal moment as it prepares to merge with Runway Growth Finance, marking the end of an era for one of healthcare credit's most specialized players.
Company of the week: Terray Therapeutics
Terray Therapeutics has assembled what may be the largest proprietary chemistry dataset in drug discovery—13+ billion target-molecule binding measurements, growing at 1 billion per quarter. The Los Angeles-based company has raised over $200 million.
The Volume Trap: Why Diagnostic Royalties Don't Compound
The Volume Trap: Why Diagnostic Royalties Don't Compound
Royalty financing has become a cornerstone of life sciences capital
Biotech ETFs Surge in 2025: The Complete Investor's Guide to a Sector Reborn
Biotech ETFs surge in 2025 as sector emerges from nuclear funding winter. XBI +37%, ARKG +43%, IBB +30%—all crushing the S&P 500. Big Pharma's $176B patent cliff drives M&A frenzy with 100%+ premiums. Fund flows turn positive for first time since 2021. Is the biotech winter finally over?