- Royalty Pharma to provide tailored funding solution to enable MorphoSys’ acquisition of Constellation Pharmaceuticals
- Investment is anchored by royalties on Janssen’s Tremfya
- Partnership also includes royalties on four development-stage therapies, Development Funding Bonds and an investment in MorphoSys common stock
- Royalty Pharma to host conference call today, Wednesday, June 2 at 8:45am EDT
Royalty Pharma plc (Nasdaq: RPRX) and MorphoSys AG (FSE: MOR; Nasdaq: MOR) today announced a $2.025 billion strategic funding partnership as part of MorphoSys’ $1.7 billion acquisition of Constellation Pharmaceuticals (Nasdaq: CNST). This partnership is expected to fuel the expansion of the combined company’s capabilities to help enable the development and potential approvals of important cancer treatments.
This funding partnership is anchored by Royalty Pharma’s acquisition of MorphoSys’ rights to receive future royalties on Janssen’s Tremfya (guselkumab). Tremfya is an anti interleukin (IL)-23, approved for the treatment of adults living with moderate to severe plaque psoriasis, and for adults with active psoriatic arthritis and is also in clinical development for ulcerative colitis and Crohn’s disease. In 2020, Tremfya generated sales of $1.347 billion.
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Advisors
Goodwin Procter, Dechert and Maiwald acted as legal advisors to Royalty Pharma. Goldman Sachs Bank Europe SE acted as financial advisor to MorphoSys and Skadden, Arps, Slate, Meagher & Flom LLP acted as its legal advisor. Centerview Partners LLC and PJT Partners acted as financial advisors to Constellation and Wachtell, Lipton, Rosen & Katz acted as its legal advisor.
This text is a press release from Royalty Pharma. The full text version of the article can be found here: https://www.royaltypharma.com/news-releases/news-release-details/royalty-pharma-announces-2025-billion-strategic-funding
Furthermore, we are pleased about the great response to the closing of the deal in the daily press. Further articles and comments can be found here:
4investors.de „Morphosys: Milliardendeals mit Constellation Pharmaceuticals und Royalty Pharma“ (only available in German)
AktienCheck.de „ROUNDUP/Milliardendeal: Morphosys übernimmt US-Biotechfirma – Aktie verliert“ (only available in German)
Boerse-Express.com (only available in German)
Pressebox.de (only available in German)
Evaluate Vantage by Evaluate.com „Morphosys mortgages its future”
Law360.com “Wachtell, Skadden Guide MorphoSys’ $1.7B Cancer Co. Buy”
