LONDON (Alliance News) - BioPharma Credit PLC said Friday Pablo Legorreta doubled his stake in the pharmaceutical debt investor in a transaction on Monday.
Legorreta - the founder and chief executive of Royalty Pharma Management LLC - held 76.7 million shares in BioPharma after the transaction, equivalent to a 7.1% stake in the 1.08 billion shares outstanding in the firm.
Prior to the transaction, Legorreta held a 3.8% stake.
Shares in BioPharma were 0.5% higher at USD1.04 on Friday.
Biopharma Cred. (BPCR)