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Pharmaceuticals
Pharming gets venture funds
February 13, 2006
| A version of this story appeared in
Volume 84, Issue 7
Dutch biotech company Pharming has entered a $30 million agreement with Paul Royalty Fund concerning recombinant human C1 inhibitor for the treatment of hereditary angioedema. Pharming has received up-front payments of $20 million, of which $3.5 million is an equity investment by Paul Royalty. Pharming is also eligible to receive up to $10 million in milestone payments based on approval and launch of the inhibitor in the U.S. Paul Royalty is entitled to receive single-digit royalties on sales of the inhibitor and on other Pharming products over the agreement's 10-year term.
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