find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Deals 26 March 2004

Deals 26 March 2004

Freehills has assisted the Royal Alexandra Hospital for Children, in Westmead NSW, to negotiate its first licence for a new treatment it has developed for bone fractures using a potent…

Freehills has assisted the Royal Alexandra Hospital for Children, in Westmead NSW, to negotiate its first licence for a new treatment it has developed for bone fractures using a potent anti-cancer drug. Novartis, a major pharmaceutical company based in Switzerland, has agreed to take out a licence for the children’s hospital’s new procedure, which uses zoledronic acid, a drug manufactured by Novartis. Zoledronic acid is being used by the hospital as part of its new treatment for bone fractures and bone decay, caused by a disease known as osteonecrosis, which results from a decrease in blood supply to bones.

Freehills partner Adam Liberman and senior associate Amalia Stone assisted the hospital to negotiate the terms of the licence with Novartis. The deal was concluded in December last year. The firm said the deal was the first of its type entered into by the hospital and apart from the payment of a “significant up-front fee”, there was a potential for extra payments in the future to the hospital, contingent upon successful further development of the compound.

Skadden, Arps, Slate, Meagher & Flom International represented Prudential Financial Inc. in its acquisition of an 80 per cent stake in Hyundai Investment and Securities Co., Ltd. and its subsidiary, Hyundai Investment Trust Management Co., Ltd., for 355.5 billion won ($412.15 million). The firm said following this transaction, Prudential became the largest foreign-owned asset manager in South Korea based on assets under management as of 31 December 2003. Skaddens is also assisting Prudential Financial to convert its investment in CJ Investment & Securities, a South Korean investment management company, into a majority stake.

Pillsbury Winthrop represented the underwriters, Jefferies & Company Inc., Needham & Company Inc. and Stifel, Nicolaus & Company Inc, in connection with a US$63.48 ($85.52) million registered offering of common stock shares by Source Interlink Companies Inc. and certain selling shareholders. A total of 5,520,000 shares of common stock were offered in the transaction, inclusive of the shares covered by the over-allotment option granted to the underwriters by the selling shareholders. Source Interlink Companies is the largest direct-to-retail magazine distributor in the US and a leading provider in the US of design, manufacture and management services to the front-end of supermarkets, discount stores, drug stores, convenience stores, terminals and newsstands. The transaction closed on 8 March.

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

Deals 26 March 2004
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...