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$16m collaboration between companies kicks off
A regenerative medicine company has entered into collaboration with a Japanese manufacturer of glass, chemicals, high-tech materials and biopharmaceuticals.
Emma Musgrave
Firms: DibbsBarker (Regeneus); Abe, Ikubo and Katayama (AGC Asahi Glass)
Value: US$16.5 million
Area: Corporate M&A, intellectual property
Key players: The legal team advising Regeneus on the corporate aspects of this transaction was led by DibbsBarker M&A partner Geoff Cairns, with assistance from senior associate Lauren Malek.
The IP aspects of this transaction was led by DibbsBarker IP partner Rob McInnes, with assistance from special counsel Catherine Boxhall.
Deal significance: Regeneus is a regenerative medicine company, while AGC is a manufacturer of glass, chemicals, high-tech materials and biopharmaceuticals, for the exclusive manufacture of Progenza stem cell technology for the Japanese market.
As part of this transaction, Regeneus will receive US$16.5 million from AGC in connection with the 50/50 joint venture that grants AGC the exclusive rights to manufacture, clinically develop and commercialise Progenza in Japan.
Through the joint venture, Regeneus is also entitled to its share of upfront licence fees, milestone payments and royalties from sublicensing Progenza, according to a statement by DibbsBarker.
“It was great to help Regeneus with this exciting collaboration with AGC,” DibbsBarker partner Geoff Cairns said.
“This gives Regeneus a footprint in the Japanese market and enables them to continue to manufacture, develop and commercialise their technology in partnership with a world-class multinational.
“Regeneus is a longtime client of the firm, and it is exciting to see clients that are doing great things for life sciences in Australia extend their reach internationally.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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