Don't expect the V Foundation to make a billion-dollar royalty deal a la the CFF

Don't expect the V Foundation to make a billion-dollar royalty deal anytime in the near future; that's not a part of its playbook. Last week, the Cystic Fibrosis Foundation sold royalty rights to drugs by Vertex Pharmaceuticals for $3.3 billion, or 17 times its revenue from 2012. In this case, the nonprofit acted like a venture capital group, investing $150 million in Vertex (Nasdaq: VRTX) 15 years ago to encourage the company, now based in Boston, to develop drugs for the deadly lung disease. With…
Source: bizjournals.com Health Care:Hospitals headlines - Category: Hospital Management Authors: Source Type: news