Reply to thread

Message: <blockquote data-quote="confusedlawstudent" data-source="post: 129565" data-attributes="member: 17277">AstraZeneca's $1.8bn acquisition of CinCorAstraZeneca (AZ) is looking to expand into the heart and kidney drug market, and so is acquiring CinCor, which has produced a drug called baxdostat, which could be used to treat kidney disease. The drug is still in FDA trials.The deal is representative of the trend of emerging biotech companies being bought out by big pharmaceutical companies who can back phase 3 of the clinical trials and commercialise successful treatments.For AZ, the acquisition provides speed to the heart and kidney drug market as it is much faster than AZ going through the cost and regulatory approval of building its own drugs. What is the role of law firms?💊 Corporate lawyers will have done the due diligence, seeing if the company is worth buying and on what terms it should be bought, and identifying what is being acquired.💊 Commercial lawyers will have drafted the initial confidentiality agreement and the final share purchase agreement.💊 Given that this involves pharmaceuticals, IP lawyers will be involved. In the due diligence process, they will ensure the ownership in the IP registers is correct, to ensure no issues later on. In the acquisition, the IP rights will be transferred, so the change of ownership needs to be recorded on the relevant registers to ensure the buyer can enforce/exploit the rights.💊 Employment lawyers might also be involved, advising whether and how the employees of CinCor will transfer to the new owner.💊 Pharmaceuticals is such a highly regulated area, so lawyers specialising in the relevant regulation will be involved especially in advising AstraZeneca through the phases of the clinical trials.How will this affect law firm clients?👩‍🔬 Pharmaceutical companies will be looking to rapidly expand in order to keep up with the growing competition in this market. They will probably wish to merge or acquire biotech companies in order to stay competitive.---------That's my take on a recent deal!I have one concern though if anyone could offer some advice: I feel like my "role of law firms" section is always the same. How can I make my analysis less general and more tailored to each story I am looking at?</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

Top Bottom

Search

Search

Reply to thread