Royalty Pharma plc (RPRX) vs. AstraZeneca PLC (AZN): Which Biopharma Model Offers the Better Growth Story?
Royalty Pharma (RPRX) agreed to pay Neurimmune up to $425 million for a 3% to 4% royalty on AstraZeneca (AZN) candidate cliramitug, including $125 million upfront and $125 million in 2027 plus $175 million tied to clinical and regulatory milestones. Cliramitug is in Phase 3 DepleTTR-CM with readouts expected in 2028. RPRX Q1 2026 Portfolio Receipts rose 10% to $925 million; AZN H1 2026 revenue rose 6% and core profit/EPS rose 11%.



