We have pioneered a new approach to partnering with pharmaceutical and biotech companies to help them develop effective new drugs and deliver them to patients in an accelerated manner. This creative model, called Clinical Co-development, provides finance for late-stage therapeutic assets with the co-development company incurring all of the clinical and regulatory risk. The co-development company receives a pre-negotiated return once the drug is approved.
Abingworth has raised a $105 million fund dedicated to investing in Clinical Co-development that will co-invest with other Abingworth funds.
Why is it attractive to Pharma?
Off-balance sheet financing
- Faster execution of clinical trials
- Higher quality of clinical data