This report provides details of the latest licensing agreements announced in the pharmaceutical, biotechnology and diagnostic sectors. Fully up to date, the report provides details of licensing agreements from 2010 to 2016.
There has been a long standing willingness for parties to enter licensing deals. Such deals enable both parties to benefit from the upside of a big R&D win, whilst mitigating the risks of going it alone in the risky preclinical and clinical development stages.
Licensing is a specific type of partnering deal whereby the parties to the deal agree to commercialize a compound, product or technology.
Specifically, licensing is the granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions
There are several forms of licensing deal. Traditional licensing arrangement whereby an owner of intellectual property (the licensor) provides access to its technology to another company (the licensee) in return for agreed payments and royalties on subsequent sales of product(s) derived from the intellectual property.
In more recent times, licensing is often the outcome of a successful period of collaboration on the research and development of a technology or compound, resulting in a product which can be commercialized. In this situation, the licensing agreement governs who has permission to commercialize and what payments are due should commercialization proceed.
Other forms of licensing such as sub-licensing and cross-licensing are also explored, with examples provided together with listing of recent deals in pharma, biotech and diagnostics.
The report provides a detailed understand and analysis of how and why companies enter licensing deals. The majority of deals are multicomponent whereby the licensee retains either a right or option to license to commercialize the resultant product of the research collaboration. There are also numerous pure licensing deals whereby the products originator takes on a development/commercialization partner in order to maximize a technologies/products prospects.
Understanding the flexibility of a prospective partner’s negotiated deals terms provides critical insight into the negotiation process in terms of what you can expect to achieve during the negotiation of terms. Whilst many smaller companies will be seeking details of the payment clauses, the devil is in the detail in terms of how payments are triggered – contract documents provide this insight where press releases and databases do not.
This report contains a comprehensive listing of all licensing deals announced since 2010 as recorded in the Current Agreements deals and alliances database, including financial terms where available, plus links to online copies of actual licensing contract documents as submitted to the Securities Exchange Commission by companies and their partners.
Contract documents provide the answers to numerous questions about a prospective partner’s flexibility on a wide range of important issues, many of which will have a significant impact on each party’s ability to derive value from the deal.
The initial chapters of this report provide an orientation of licensing deal making and business activities. Chapter 1 provides an introduction to the report, whilst chapter 2 provides an analysis of the trends in licensing as well as a discussion on the merits of the type of deal.
3 provides an overview of the structure of licensing deals. The chapter includes numerous case studies to enable understanding of both pure licensing deals and multicomponent deals where collaborative R&D forms a part.
4 provides a review of the leading licensing deals since 2010. Deals are listed by headline value. Where the deal has an agreement contract published at the SEC a link provides online access to the contract via the Current Agreements deals and alliances database.
5 provides a review of the top 50 most active biopharma companies in licensing. Where the deal has an agreement contract published at the SEC a link provides online access to the contract via the Current Agreements deals and alliances database.
6 provides a comprehensive review of licensing financials for deals announced since 2010, including headline value, upfront, milestone payments and royalty rates, providing both benchmark data and access to individual deal financials.
7 provides a comprehensive and detailed review of licensing deals signed and announced since 2010 where a contract document is available. Each deal title links via Weblink to an online version of the actual contract document, providing easy access to each contract document on demand.
The report includes deals announced by hundreds of life science companies including big pharma such as Abbott, Abbvie, Actavis, Amgen, Astellas, AstraZeneca, Baxter, Bayer, Biogen Idec, BMS, Celgene, Eisai, Eli Lilly, Gilead, GSK, J&J, Kyowa Hakko, Merck, Mitsubishi, Mylan, Novartis, Pfizer, Roche, Sanofi, Shire, Takeda, Teva, and Valeant, amongst many others.
The report also includes numerous table and figures that illustrate the trends and activities in licensing deal making since 2010.
In addition, a comprehensive appendix is provided organized by licensing company A-Z , stage of development, therapeutic target, technology type and deal type definitions. Each deal title links via Weblink to an online version of the deal record and where available, the contract document, providing easy access to each contract document on demand.
In conclusion, this report provides everything a prospective dealmaker needs to know about licensing partnering in the research, development and commercialization of technologies and products.
Global Licensing Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2010- 2016 provides the reader with the following key benefits:
In-depth understanding of licensing partnering deal trends since 2010
Analysis of the structure of licensing agreements with numerous real life case studies
Comprehensive listing of over 4,500 licensing deals since 2010, together with deal terms, value and press release
Comprehensive access to actual licensing contracts entered into by the world’s life science companies
Analysis of key deal financials including headline value, upfront, milestone payments and royalty rates
Insight into the terms included in a licensing agreement, together with real world clause examples
Understand the key deal terms companies have agreed in previous deals
Undertake due diligence to assess suitability of your proposed deal terms for partner companies
Global Licensing Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2010- 2016 is intended to provide the reader with an in-depth understanding of the licensing trends and structure of deals entered into by leading life science companies worldwide.
Global Licensing Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2010- 2016 includes:
Trends in licensing dealmaking in the biopharma industry since 2010
Analysis of licensing deal structure
Case studies of real-life licensing deals
Comprehensive listing of over 4,500 licensing deals since 2010
Access to licensing contract documents
Key financial bnchmarks for headline, upfront, milestone and royalty rates
The leading licensing deals by value since 2010
Most active licensing dealmakers since 2010
The leading licensing partnering resources
In Global Licensing Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2010- 2016 available deals and contracts are listed by:
Each deal title links via Weblink to an online version of the actual deal record and where available, contract document, providing easy access to each contract document on demand.
The Global Licensing Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2010- 2016 report provides comprehensive access to available contract documents for licensing deals. Analyzing actual contract agreements allows assessment of the following:
What are the precise rights granted or optioned?
What is actually granted by the agreement to the partner company?
What exclusivity is granted?
What is the payment structure for the deal?
How do milestone align with clinical stage development phases?
How aresalesand payments audited?
What is the deal term?
How are the key terms of the agreement defined?
How are IPRs handled and owned?
Who is responsible for commercialization?
Who is responsible for development, supply, and manufacture?
How is confidentiality and publication managed?
How are disputes to be resolved?
Under what conditions can the deal be terminated?
What happens when there is a change of ownership?
What sublicensing and subcontracting provisions have been agreed?
Which boilerplate clauses does the company insist upon?
Which boilerplate clauses appear to differ from partner to partner or deal type to deal type?
Which jurisdiction does the company insist upon for agreement law?
1 - Introduction
2 - Trends in licensing deal making
2.2. Definition of licensing deals
2.3. Success factors for licensing deals
2.4. When licensing can be useful
2.5. Attributes of licensing deals
2.6. Trends in licensing deals since 2010
2.6.1. Licensing deal making by year, 2010 to 2016
2.6.2. Licensing deal making by phase of development, 2010 to 2016
2.6.3. Licensing deal making by industry sector, 2010 to 2016
2.6.4. Licensing deal making by therapy area, 2010 to 2016
2.6.5. Licensing deal making by technology type, 2010 to 2016
2.6.6. Licensing deal making by most active company, 2010 to 2016
2.7. Option to license
2.8. Adding co-promotion to the mix
2.9. The future of licensing deals
3 - Overview of licensing deal structure
3.2. Pure versus multi-component licensing deals
3.3. Pure licensing agreement structure
3.3.1. Example licensing agreements
3.3.1.a. Case study 1: Ignyta - Nerviano Medical Sciences
3.3.1.b. Case study 2: Sanofi - Pozen
3.4. Licensing rights as part of a wider alliance agreement
3.4.1. Example licensing clauses
3.4.1.a. Case study 3: 4D Molecular Therapeutics - UniQure
3.4.1.b. Case study 4: Kyowa Hakko Kirin - Ultragenyx Pharmaceuticals
3.4.2. Example licensing option right clauses
3.4.2.a. Case study 5: Forest Laboratories - Trevena
3.4.2.b. Case study 6: Abbvie - Receptos
4 - Leading licensing deals
4.2. Top licensing deals by value
5 - Top 50 most active licensing dealmakers
5.2. Top 50 most active licensing dealmakers
6 - Licensing deal term financials
6.2. Licensing partnering headline values
6.3. Licensing deal upfront payments
6.4. Licensing deal milestone payments
6.5. Licensing royalty rates
7 - Licensing contract directory 2010 - 2016
7.2. Licensing deals with contracts 2010 to 2016
Appendix 1 - Licensing dealmaking by companies A-Z
Appendix 2 - Licensing dealmaking by industry sector
Appendix 3 - Licensing dealmaking by stage of development
Appendix 4 - Licensing dealmaking by therapy area
Appendix 5 - Licensing dealmaking by technology type
Table of Figures
Figure 1: Definition of licensing
Figure 2: Situations where licensing can prove useful
Figure 3: Key attributes of a licensing deal
Figure 4: Trends in licensing deal announcements, 2010 to 2016
Figure 5: Licensing deals signed at each phase of development, 2010 to 2016
Figure 6: Licensing deals by industry sector, 2010 to 2016
Figure 7: Licensing deals by therapy area, 2010 to 2016
Figure 8: Licensing deals by technology type, 2010 to 2016
Figure 9: Top 50 most active licensing dealmakers, 2010 to 2016
Figure 10: Licensing agreements - what should a contract include?
Figure 11: Components of the licensing deal structure
Figure 12: Top licensing deals by value 2010 to 2016
Figure 13: Most active licensing dealmakers 2010 to 2016
Figure 14: Licensing deals with a headline value
Figure 15: Licensing deals with an upfront value
Figure 16: Licensing deals with a milestone value
Figure 17: Licensing deals with a royalty rate value
- In-depth understanding of licensing partnering deal trends since 2010
- Insight into the terms included in a licensing agreement, together with real world clause examples
- Identify leading licensing deals by value since 2010
- Identify the most active licensing dealmakers since 2010
- Analysis of key deal financials including headline value, upfront, milestone payments and royalty rates
- Full listing of licensing deals by company A-Z, deal value, phase of development, deal type, therapy and technology focus
- Comprehensive access to over 3,500 licensing deals entered into by the world’s biopharma companies, together with contract documents if available
- Detailed access to actual licensing contracts entered into by the leading fifty big pharma and big biotech companies
- Understand the key deal terms companies have agreed in previous deals
- Undertake due diligence to assess suitability of your proposed deal terms for partner companies