The royalty universe, organised by economic structure.
Royalty databases typically organise by drug or by deal. We organise by claim type. Direct economic claims sit together; derived claims sit together; contingent and synthetic structures occupy their own blocks. Rate, term, and volatility cluster within each block, which is the right unit for origination.
Each tile is a royalty structure. Click any tile for the full profile.
The grid is laid out the way the chemical periodic table is: rows are periods, columns are groups. Tile colour encodes block (direct, derived, contingent, synthetic, hybrid). The bar at the bottom of each tile encodes risk. The panel that opens on click reports the structure's expected return, volatility, term, market weight, half-life, ionisation, valence, and payoff profile, alongside real-world examples.
The Periodic Table of Royalties. Tile colour encodes claim block; bottom bar encodes risk. Hover any tile for its symbol and name; click for the full profile.
Royalty terms cluster by structure, not by drug.
The structural features of a royalty — rate, base, tiering, indication-contingency, sharing thresholds — depend more on the claim type than on any other variable. Two direct net-sales claims reach a similar deal structure even when the underlying molecules and indications differ. Two synthetic structures reach a similar profile even when the assets they reference are unrelated. A new opportunity's first-pass valuation is built from its block first, and only then from broader cohorts.
Every tile in the grid links downstream into the engine: the underlying transactions, the rate band, the structural-feature comparables, and the open opportunities we are tracking. When we deliver an analytical package on a new asset, the comparables come from that asset's tile first.