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Royalty ups stake in Fumapharm earn-out as Biogen's Tecfidera uncertainties resolve
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Monday, January 13, 2014
With the last major uncertainty
for Tecfidera dimethyl fumarate in the rearview mirror, Royalty Pharma felt
comfortable buying a bigger chunk of the MS drug's royalty stream. The firm is
shelling out $510 million in cash for a larger stake, and now has bet more than
$1 billion on the drug's prospects.
Royalty is buying the stake
from former shareholders of Fumapharm AG, who are eligible for sales milestones
related to Tecfidera (BG-12) and psoriasis drug
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