BPCR was incorporated in the UK in October 2016. It aims to generate predictable income for shareholders over the long term through a diversified portfolio of loans and other instruments, backed by royalties or other cash flows derived from sales of approved life sciences products. This includes senior secured notes, royalty debt instruments and priority royalty tranches.
More BioPharma Credit content >Investment summary
BioPharma Credit (BPCR) has entered into a new senior secured loan agreement for up to US$50m to be provided to UroGen Pharma, a Nasdaq-listed biotech company focused on the treatment of urothelial and speciality cancers. BPCR and BioPharma fund V will each invest US$37.5m in the first tranche and up to a further US$12.5m available to be drawn by end-2022. Following the transaction, BPCR is fully invested and would require additional external capital for new investments (by a further drawdown of its credit facility or a new share issue).
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| Alexander Perfall | VP, Investor Relations & Public Affairs |
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