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Royalty Pharma Plc stock reached a 52-week high of 37.91 USD, marking a significant milestone for the pharmaceutical company. Over the past year, the stock has experienced a notable increase, with a 1-year change of 39.78%. This surge reflects positive investor sentiment and potential growth prospects within the pharmaceutical sector. The achievement of this 52-week high underscores the company’s strong market performance and its ability to capitalize on favorable market conditions. Investors will be keenly watching to see if Royalty Pharma can maintain this upward trajectory in the coming months.
In other recent news, Royalty Pharma announced a $2 billion funding arrangement with Revolution Medicines to support the development and commercialization of the cancer drug daraxonrasib, which is currently in Phase 3 trials. This agreement includes a synthetic royalty of up to $1.25 billion and a senior secured loan of up to $750 million, with $250 million provided upfront. Additionally, Royalty Pharma completed a significant acquisition involving RP LLC’s equity interests, valued at $200 million in cash, along with the issuance of 24,530,266 non-voting Class E ordinary shares. The acquisition also included the assumption of a $380 million term loan facility. In another development, Royalty Pharma declared a dividend of $0.22 per Class A ordinary share for the third quarter of 2025, payable on September 10, 2025. Furthermore, Citi raised its price target on Royalty Pharma to $42, citing positive trends in the company’s cystic fibrosis franchise. The company also appointed Carole Ho and Elizabeth Weatherman as independent directors to its Board of Directors, increasing independent board representation to over 90%. These developments reflect Royalty Pharma’s ongoing strategic initiatives and corporate governance efforts.
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