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Royalty Pharma, PE firm that quietly profits on top-selling drugs

Company owns partial rights to seven of 30 top-selling drugs in US, with its deals getting larger

Randall Smith | NYT 

Cashing in on rising drug prices often unleashes an outcry from consumers and politicians. But a little-known private equity investor, Royalty Pharma, has built an unusual investment portfolio valued at $15 billion — it buys up the rights to royalties on future drug sales — while largely avoiding public controversy. By its own count, Royalty Pharma owns partial rights to seven of the 30 top-selling drugs in the United States, including giants like Humira, the arthritis treatment that is the single biggest-selling medication in America. And its deals have been getting ...

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First Published: Mon, July 10 2017. 04:08 IST