Akin Gump Strauss Hauer & Feld has served as legal counsel to Pharmakon Advisors, LP and its affiliated funds in a recent credit agreement with Precigen, Inc. The deal provides up to $125 million in committed, non-dilutive financing for the biopharmaceutical company. The funding will be distributed across two tranches.
Precigen focuses on developing precision medicines aimed at improving patient outcomes. Pharmakon Advisors is known for its investments in the healthcare sector.
The Akin team working on this transaction was led by tax partner Geoffrey Secol. Other members included tax partners Stuart Leblang and David Synder; corporate associates Jake Gawlak and Yossi Abadi; tax associate John Kwack; international trade partner Nnedinma Ifudu Nweke; health care & life sciences partner Nate Brown; senior counsel Jo-Ellyn Klein; counsel Caroline Kessler; and associate Olive Lee.
Akin is an international law firm employing more than 900 lawyers across offices in the United States, Europe, Asia, and the Middle East.