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Drug Royalty Corporation (CATG) Changes Its Name to DRI Capital


10/10/2007 11:14:56 AM

TORONTO, Oct. 10 /PRNewswire/ -- DRI Capital announced that after close to 15 years, it is retiring the name Drug Royalty Corporation and will now officially be known as DRI Capital.

DRI Capital is a privately held investment management company, focused on the healthcare industry, with over US$1 billion under management. DRI Capital currently manages two funds: the Royalty Monetization Fund and the Structured Finance Fund.

Its Royalty Monetization Fund acquires existing royalty streams at competitive rates from companies, institutions and inventors. DRI Capital is a leader in monetizing royalties, having acquired over US$850 million in royalty-based cash flows on commercialized products. In 2007 alone, DRI Capital has deployed about US$450 million with royalty acquisitions on products such as Enbrel, Flumist, Preotact and PEG-INTRON.

Its Structured Finance Fund will soon close with approximately US$300 million in committed capital. This Fund provides predominantly non-dilutive financing for product acquisitions and launches, M & A, in-licensing, sales force expansion and general working capital purposes to companies within the healthcare industry. The Fund invests in cash flow monetization structures which can include debt and equity components, custom tailored to fit the needs of clients.

CONTACT: Golnar Khosrowshahi, DRI Capital, +1-416-324-5707 or
gk@dricapital.com


Read at BioSpace.com

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