Lacerta Bio is a business development consultancy specializing in identifying, assessing, negotiating, and closing licensing and partnership opportunities for the pharmaceutical, biotechnology, and drug delivery industries.

We also work with and support internal business development teams with market research, competitive intelligence, financial modeling, and other support services.

If you need assistance finding or assessing business development and/or partnership opportunities, contact us at

Current Projects

Seeking Parenteral & Ophthalmic Products for In-Licensing  
Posted on Jan 21, 2016


Lacerta Bio is seeking both parenteral and ophthalmic (topical) products for in-licensing on behalf of a US-based client.  Key criteria are: > Products which can be developed via the 505(b)(2) regulatory process in the US > No specific therapeutic area or indication > Injectable could be infusion, prefilled syringe, or related presentation > Ophthalmics are

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Novel Anti-Bacterials Available For Licensing  
Posted on Oct 04, 2016


  Lacerta Bio is pleased to present two novel antibiotics with excellent properties on behalf of our client. The first is a peptide antibiotic which inhibits cell wall synthesis, making it suitable for the intravenous treatment of troublesome Gram Positive bacteria, such as MRSA, VRE, and many other resistant pathogens. The second is a liposlycodepsipeptide suitable

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Novel Clinical-Stage Pain Candidates Available for Licensing  
Posted on Jul 11, 2017


  Our European client has developed a series of novel, patented salt forms of the most popular NSAIDS on the market (ibuprofen, naproxen, etc.). Clinical data demonstrates three important properties of these new compounds: Enhanced Safety – In multiple clinical studies, our client has shown that these novel salt forms have lower rates of severe

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Our Latest Article

LIME: The Secret to Better Out-Licensing? 
Posted on Sep 07, 2017


Is LIME the secret to out-licensing?

The humble lime…sour, sweet, juicy, and an essential ingredient in many desserts and beverages.

Lime also (supposedly) has many health benefits, including weight loss, improved digestion, and improved skin.

But the lime also has another benefit…it is one key to improving your out-licensing.

At our upcoming Out-Licensing Masterclass in Boston, we will spend a great deal of time talking about the presentations (plural) used for out-licensing.

One of the concepts we will discuss is summarized in the acronym LIME:





What does this mean?

We see many out-licensing presentations which are crammed with data. Sometimes, we see slides with 3, 4, even 5 different charts or graphs.

It’s as if the presenter is trying to dazzle the audience with the sheer volume of data.

Unfortunately, this creates confusion on the part of the audience.

What is the audience supposed to look at? What is the key point?


We believe a different approach is needed.

Instead of presenting volumes of data, it is far better to present less data, and take the time to explain what the data actually mean…the implications of the data from a development and/or commercial perspective.

From a slide and presentation design perspective, this implies that having multiple versions of the same data slide are necessary.

The first is a simpler version, with minimal text, designed to be presented live during a partnering meeting or a conference call.

The second version has the same data, but with more text and explanation.

This second version is designed to be read by the audience, preferably after the first version is presented.

The slide combination is designed to make one single, critical point. No more. No less.

But, importantly, the design is meant to convey and communicate this one single point to the audience.

The slide should not leave it to the audience to interpret or “figure out” what the presenter is trying to say.

What about the details?

Details are obviously important. The rationale and choice behind the experimental design, conditions, and data presentation are all important, and should not be ignored.

However, the issue is not whether these details are important, but when and where should the details be presented.

In general, details such as these can appear in any of three places:

  1. A footnote
  2. An Appendix slide (with a link from one slide to the other)
  3. A data room

Note that the details in the data room do not have to be confidential.

In fact, it is a good idea to have an area in the data room to serve as a repository for non-confidential information, such as publications. Just make sure a highly reputable data room service provider is used to help set up tiered access to data room content.

Even a simple folder on a company website can serve as a repository for non-confidential details.

Build the idea in their mind

Chris Anderson, the curator of TED talks, makes an important point in this video, in which he discusses what makes a good TED talk:


A good TED talk is one in which an idea is built in the mind of the audience.

To do this, the idea has to be built gradually, sometimes using simple pieces or steps along the way.

Now we recognize that our industry, and this activity (out-licensing) has its own jargon.

Nevertheless, the concept is a good one.

Rather than obfuscate with tons of data, it is far better to build a story gradually, using pieces of data, but focused on explanation and implications.

Now to be clear, we do not want in any way to dismiss the details. Ultimately, it is those details which are translated into financial models, valuations, Term Sheets, and Contracts.

Details are obviously important.

However, it is our contention that there is a time and place and method for presenting ideas and details, and they are not necessarily one and the same.

So take a long, hard look at your out-licensing presentations.

Are the slides complex?

Overly detailed?

Filled with jargon?

What are you trying to say? Can you say it in 10 words or less?

Are you providing an explanation for the data on that slide? Or, are you expecting your audience/reader to figure it out?

Want to learn more?

Join us in Boston on Monday, September 25, where we will spend the entire day talking about out-licensing, with a special emphasis on communications and presentations.

Latest Posts

Long Form Lectures: A Lost Art? 
Posted on Aug 08, 2017

Over on LinkedIn, we posted an article on long form lectures/presentations. In that article, we take a look at a few video examples of excellent presentations made without the use of complex slides, technology, or jargon. There are lessons to be learned from these presentations masters…lessons which we believe can make a big difference in

A Port Authority Model for the Life Sciences 
Posted on Jul 17, 2017

  Countless electrons have been spilled in the promotion of the biotech and life science industries in and around New York City. Indeed, tremendous strides have been made, especially when it comes to lab space and related infrastructure. Experienced pharma executives are available, making them ideal sources of management talent. Even the VCs are dipping

#BIO2017 – Dealmaking By Wandering Around 
Posted on Jul 10, 2017

According to Wikipedia, Management by Wandering Around (MBWA) is …refers to a style of business management which involves managers wandering around, in an unstructured manner, through the workplace(s), at random, to check with employees, equipment, or on the status of ongoing work. At Lacerta Bio, we’re not big fans of words such as “wandering” or

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