f-star buys freedom
Vienna – Austrian biotech company fstar GmbH has acquired future royalty obligations for its antibody engineering technology from New Century Pharmaceuticals (NCP) via a one-off payment. The Modular Antibody Technology was originally developed by Prof. Florian Rueker, one of f-star’s founders, in collaboration with NCP, a U.S. biopharmaceutical company. After f-star was set up, NCP became one of the company’s common shareholders, with rights to future royalty payments. In the course of this transaction, f-star has now bought back these royalty obligations with the help of TVM Capital, which acquired NCP’s minority stake in f-star.