Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Rachel Beller’s practice focuses on bank finance transactions, including the negotiation of, and the ongoing compliance under, secured and unsecured domestic and cross-border syndicated term and revolving credit facilities. Ms. Beller has experience in acquisition finance, structured finance and other asset-based transactions. In addition, Ms. Beller has handled several royalty monetization transactions involving the acquisition and financing of pharmaceutical royalty streams.

Royalty Monetization Matters

  • Eisai Co., Ltd., a global pharmaceutical company headquartered in Japan, in its 2019 monetization of its royalty interests in Tazemetostat for up to $330 million, consisting of an up-front payment of $110 million for a certain portion of the royalty interests and up to $220 million in additional payments for the remainder of the royalty interests upon FDA approval of Tazemetostat for certain indications.
  • LifeArc (formerly MRC Technology), a leading UK-based medical research charity, in its 2016 sale of a small proportion of its royalty rights in Keytruda for $150 million (approximately £115 million).
  • University of Newcastle upon Tyne, a UK public research university, in its monetization of a portion of its royalty interests in Rubraca.
  • Cold Spring Harbor Laboratory, a leading not-for-profit research institute founded in 1890 and home to eight Nobel Prize winners, in its structured monetization of a portion of its royalty interests in the first product approved by the FDA for the treatment of a rare genetic disorder.
  • Boston Children’s Hospital, one of the leading pediatric medical centers in the United States, in its monetization of a portion of its royalty interests in Vonvendi.
  • The Walter and Eliza Hall Institute of Medical Research, Australia’s oldest medical research institute, in its monetization of a portion of its royalty interests in Venetoclax for up to U.S.$325 million (A$406 million), consisting of an up-front payment of U.S.$250 million and up to U.S.$75 million of additional payments upon the attainment of certain milestones, the largest royalty monetization by a non-profit institution outside the United States and the United Kingdom.
  • Dana-Farber Cancer Institute, a world leader in cancer research, in two royalty monetizations, including its sale of a portion of its royalty interests in various Programmed Death Ligand-1 (PD-L1) cancer drugs for an up-front payment of $100 million and up to $68 million of additional payments upon the satisfaction of certain conditions.
  • Group of Inventors associated with UCLA in connection with the sale by UCLA of royalty rights in respect of Xtandi for an up-front cash payment of $1.14 billion and potential additional payments based on future Xtandi sales, the largest royalty monetization done by an inventor group.
  • Northwestern University in the sale of a portion of its worldwide royalty interests in Lyrica.

Bank Finance Matters

  • Aristocrat Leisure Limited in its senior secured term loan and revolving credit facility.
  • The Goodyear Tire & Rubber Company in its global debt financings, including first and second lien credit facilities, multiple issuances of high yield bonds, and credit facilities in Europe and Latin America.
  • LIN Media in its senior secured credit facilities.

Pro Bono

  • Representation of Superstorm Sandy victims with respect to their FEMA and flood insurance claims.
  • Advised New York City Housing Authority tenants with respect to their housing issues and legal rights.
  • Provide ongoing corporate, employment and general legal advice to an educational non-profit organization.