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Royalty Pharma understands the distinct nature of each situation; the structure of each transaction is usually defined by a combination of factors including, the terms of the license agreement, the short term and long term needs of the royalty holder, and the valuation of the royalty stream. The following case studies are based on actual acquisitions made by the Company and are presented to illustrate how the Company uses its flexibility to ensure that each agreement is mutually beneficial.

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