find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Corporate Lawyer
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· 12 months fixed term opportunity
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Starpharma set for development

Starpharma set for development

Piper Alderman and Blake Dawson Waldron facilitated the transfer of core technology from the Biomolecular Research Institute (BRI) to Starpharm

Piper Alderman and Blake Dawson Waldron facilitated the transfer of core technology from the Biomolecular Research Institute (BRI) to Starpharma Holdings Limited, in exchange for 7.1 million Starpharma shares.

Piper Alderman partner Doug Robertson acted for BRI with Nicola Adams and John Maciel, and BDW partner Elspeth Arnold acted for Starpharma, with senior associate Tiffany Barton and Kellech Smith.

Barton said the technology that was transferred from BRI was fundamental to Starpharma’s flagship product, VivaGel. The product is in the second stage of human trials and is thought to prevent women from contracting HIV.

Effectively a lubricant that is applied before sex, Barton said VivaGel had advantages over condoms because the woman could control its use, and if not used with a spermicide, it would not prevent pregnancy.

Both BRI and Starpharma were established by the CSIRO. Previously, BRI held the technology and granted Starpharma a licence for its use. “Given the development Starpharma had [achieved with] VivaGel in relation to this technology, it made sense for it to go to Starpharma,” Barton said.

The deal was “quite complex”, she added, because the shareholding transferred to BRI was more than six per cent. “Because of the size of the parcel, it was agreed that it be subject to a 12 month holding lock.”

Shortly after the deal was completed, Starpharma announced it had received US$20 million ($27 million) to fund further development of the technology.

If the product does do everything for which it has shown potential, Barton says its development would be a “huge leap forward for women’s health”.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Starpharma set for development
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...