Royalty Pharma simplifies corporate structure with $1.1 bln deal-February 2024-www.financetom.com

Royalty Pharma simplifies corporate structure with $1.1 bln deal

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Royalty Pharma simplifies corporate structure with $1.1 bln deal

Jan 10, 2025 4:51 AM

Jan 10 (Reuters) - Royalty Pharma ( RPRX ) said on

Friday it would pay about $1.1 billion to acquire RP Management,

an organization that manages its operations as the healthcare

firm seeks to simplify corporate structure.

Royalty Pharma ( RPRX ) buys royalties of future drugs from academic

labs and biotechnology companies, which in turn use the cash to

fund their research.

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