Derek Stoldt | People | Arnold & Porter

Derek Stoldt is co-chair of the firm's Corporate and Finance group. Mr. Stoldt is also a co-head of the Life Sciences Transactions practice and previously led the M&A practice. He represents life sciences, medical technology, and healthcare companies, as well as private equity funds and their portfolio companies in M&A, securities offerings, joint ventures, and other complex contractual transactions.

Mr. Stoldt has substantial experience with international and cross-border transactions in Europe and South America. While in London, Mr. Stoldt qualified as a solicitor of the Supreme Court of England and Wales.

Mr. Stoldt is particularly active in continuing legal education. He conducts training programs for our lawyers and our clients' in-house counsel. Mr. Stoldt counsels a number of community service organizations on a pro bono basis.

He received his law degree from Georgetown University Law Center, cum laude, where he served as Editor of the American Criminal Law Review.

Focus Areas

Experience

Novartis in the divestiture of its regional rights to dementia treatment drug Exelon® (rivastigmine patch, capsules and solution) in Canada and Latin America to Knight Therapeutics for $168 million plus an additional milestone payment of up to $12 million upon the achievement of certain conditions.
A biotechnology company in the acquisition of a solid tumor neoantigen T cell receptor R&D platform and clinical manufacturing facility, which will support the further development of its pipeline of novel cell therapies.
AstraZeneca in agreements for the funding and global distribution of the University of Oxford's potential COVID-19 vaccine as well as the establishment of its global manufacturing and supply chain for the vaccine, including agreements with the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi the Vaccine Alliance (Gavi), the Serum Institute of India (SII), the Biomedical Advanced Research and Development Authority (BARDA) in the US, and the governments of Germany, France, Italy, and the Netherlands.
Alcon in its acquisition of PowerVision Inc. a medical device development company focused on creating fluid-based intraocular lens implants.
Alcon in the formation of a strategic alliance with US-based PowerVision Inc. to develop fluid-based accommodating intraocular lenses (AIOL) for cataract patients.

Pharmachem Laboratories, a leading provider of quality ingredients to the global health and wellness industries, on its sale to Ashland, a global leader in providing specialty chemical solutions.
Novartis in schizophrenia drug license and settlement arrangements with Vanda Pharmaceuticals, including (i) sale of all US and Canadian rights in the Fanapt® franchise to Vanda; (ii) $25 million equity investment in Vanda at a price per share equal to $13.82; and (iii) granting to Vanda of an exclusive worldwide license to AQW051, a phase II alpha-7 nicotinic acetylcholine receptor partial agonist.
Chinese private investor in an equity investment in a US-based pharmaceutical company.
Sandoz in its $1.525 billion acquisition of specialty dermatology generics company Fougera Pharmaceuticals from a consortium of private equity funds led by Nordic Capital, DLJ Merchant Banking (a Credit Suisse affiliate) and Avista Capital Partners.
Start-up veterinary biotechnology company in the out-license of an innovative technology to a large pharmaceutical company.
Major pharmaceutical company in the divestiture of a branded pharmaceutical product, its marketing authorizations and related rights in separate transactions for North America and Europe.
Alcon in its acquisition of WaveTec Vision, a privately-held company that developed the ORA System, the first commercialized intra-operative guidance system for cataract surgeons implanting intraocular lenses.
Sandoz in a collaboration agreement with biotechnology company MedinCell to develop and commercialize long-acting injectable drug products based on MedinCell's proprietary technology platform for controlled and sustained drug delivery, with a primary focus on oncology.
Novartis in its acquisition of Sideris Pharmaceuticals and its lead asset, the iron-chelating candidate SP-420.

Carestream Health in the sale of its digital dental business to funds managed by Clayton, Dubilier & Rice and CareCapital Advisors Limited.
Onex Corporation in its investment in Schumacher Group, a leading US provider of outsourced emergency and hospital medicine clinical staffing, as well as healthcare advisory services, and subsequent acquisitions by Schumacher Group of each of Hospital Physician Partners (HPP) and ECI.
Skilled Healthcare Group, Inc. in its merger with Genesis HealthCare, one of the nation's largest providers of post-acute care services, in a 100% stock transaction.

Onex Corporation and TMS International Corp., the largest provider of outsourced industrial services to steel mills in North America, in the acquisition of TMS by Onex; the subsequent initial public offering of TMS and listing on the NYSE and the subsequent $1 billion sale to an affiliate of The Pritzker Organization.
Arlington Capital Partners and Plattform Advertising, a leading provider of comprehensive marketing and enrollment-management services to colleges and universities, in the sale of PlattForm Advertising to Sterling Partners.
The venture capital funds owning Sandforce, Inc., the leading provider of flash storage processors for enterprise and client flash solutions and solid state drives, in its acquisition by LSI Corporation, a designer of semiconductors and software that accelerate storage and networking in datacenters and mobile networks, for approximately $400 million.
American Securities and Delphi Midstream Partners in the sale of the Laser Northeast Gathering System, 43 miles of 16-inch natural gas pipeline and associated gathering facilities in Pennsylvania and New York, and other midstream businesses, to Williams Partners for $750 million.

Perspectives

August 16, 2024

Arnold & Porter Advises Avantor on Divestiture of Clinical Services Business to Audax

September 12, 2022

Arnold & Porter Recognized Twice at 10^th Annual LMG Life Sciences Awards

July 15, 2022

Arnold & Porter Advises Alcon in Acquisition of Kala Pharmaceutical’s Eye Drop Treatments

February 17, 2022

In Case of First Impression, Federal Court Rules that Whistleblower Protections Extend to Company’s Outside Investors

Advisory

September 1, 2021

Law Firms Respond to Recent Lawsuits Targeting SPACs

Advisory

More

Recognition

LMG Life Sciences Guide

"Life Sciences Star" Licensing & Collaboration (2018-2022, 2024)
"Life Sciences Star" Corporate (2017-2022, 2024)
"Life Sciences Star" Mergers & Acquisitions (2017-2022, 2024)
"Life Sciences Star" Venture Capital (2019-2020)
"Life Sciences Star" Finance & Transactional (2013-2016)

New York Law Journal

Dealmaker of the Year (2021)

The Legal 500 US

M&A: Middle-Market (sub-$500m) (2021)
Private Equity Buyouts (2021)
M&A/Corporate and Commercial: M&A Middle-Market (sub-$500m) (2018-2019)

More

Credentials

Education

J.D., Georgetown University Law Center, 1994, cum laude
A.B., Georgetown University, 1990

Admissions

New York
New Jersey

Activities

Member, Alumni Board, Georgetown University Law Center