Healthcare Royalty Partners

includes HealthCare Royalty Partners III

8 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jun 1, 2020 by Clark Futch · said 7 times in 1 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Ted Seides (4), Clark Futch (3)

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Everything said about Healthcare Royalty Partners, oldest first

Jun 1, 2020 bullish
Assertion Supported
Futch: Royalty monetization transaction volume grew from $150M to $9B
“The first year I was there, I think the total amount of transaction volume of all deals added up together for the whole year was like one hundred fifty million dollars. So really, really small. It's subsequently grown last year's about nine billion dollars of …”
Clark Futch Jun 1, 2020 ▶ 8:44 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020
Assertion Partly supported
Futch: No new migraine treatment developments occurred for two decades
“Hasn't been any new development in migraines for two decades.”
Clark Futch Jun 1, 2020 ▶ 22:54 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020
Insight
Futch: Healthcare royalty diligence eliminates binary risks to focus on commercial risk
“Those three risks, the patents, manufacturing, and regulatory, are really what we view as potential binary risk. So if the product For safety reasons, gets pulled from the market because it's, have some significant side effect. That's a problem for us because …”
Clark Futch Jun 1, 2020 ▶ 20:48 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020 neutral
Assertion Supported
Futch: Biopharma equity raises two to five times more than royalty markets
“If you look at primarily equity raised, either venture capital raised or IPOs or following equity, it's a small fraction. There's two, three, four, five times as much money raised in the equity markets each year, but the equity markets can be volatile, right?”
Clark Futch Jun 1, 2020 ▶ 17:47 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020 neutral
Disclosure
Futch: HCR avoids board seats and management changes
“We don't sit on boards. Typically we don't change out management. On a very rare occasion, we've had to step in and be involved, but not very often. It's not what we're set up to do. We're not a loan to own type of investor.”
Clark Futch Jun 1, 2020 ▶ 43:06 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020
Disclosure
Futch: HCR structures pre-approval deals in one-third and two-thirds tranches
“So we may put a portion, maybe a third of the capital in Six months before approval, three months before approval, and then have it set up that when it's approved, the second tranche, the post-approval tranche with two-thirds of the capital goes in.”
Clark Futch Jun 1, 2020 ▶ 31:35 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020 neutral
Opinion
Futch says 80% to 90% of royalty capital sits with top managers
“80, 90% of the capital that's available is probably in the hands of the top. Five, six, seven people, so it's still relatively concentrated.”
Clark Futch Jun 1, 2020 ▶ 50:48 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1, 2020
Disclosure
Futch: 90% of Healthcare Royalty Partners' investments are FDA-approved products
“And that's the key for us, 90% of what we do are products that have been approved by the FDA”
Clark Futch Jun 1, 2020 ▶ 14:54 Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
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