Royalty Pharma stock gains on MorphoSys bonds sale (RPRX)


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  • Royalty Pharma (NASDAQ:RPRX) announced Wednesday $511M in monetization proceeds received from the sale of remaining fixed payments linked to Development Funding Bonds issued by the recent Novartis (NVS) buyout MorphoSys in 2022.
  • The transaction with an unnamed syndicate of investors


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