other material
confidence high
sentiment neutral
materiality 0.65
Royalty Pharma details royalties and funding from Novartis acquisition of MorphoSys at €68/share
Royalty Pharma plc
- Royalty Pharma holds 3% royalty on pelabresib (myelofibrosis) and tulmimetostat (EZH2 inhibitor) future sales; NDA submission expected mid-2024.
- Tiered mid-single digit royalty on Tremfya (J&J; $3.1B sales FY2023) and 3.3%-4.2% effective royalty on Roche's trontinemab for Alzheimer's.
- MorphoSys to make 36 payments totaling ~$660M (2.2x funded $300M) to repay Development Funding Bonds, starting Q4 2024.
- Royalty Pharma's 1,337,552 MorphoSys shares valued at ~$100M at proposed Novartis acquisition price.
- Royalty Pharma had committed up to $2.025B funding to MorphoSys in July 2021 strategic partnership.