Valuation in Life Sciences

Here, in an updated edition with new examples, is a complete guide to valuation in life sciences. Using real-life cases, the authors show how to value projects, patents, licences, firms and stocks, including complex licence and company structures.

This book offers a complete guide to valuation in life sciences for industry professionals, investors, and academics. Boris Bogdan and Ralph Villiger introduce the characteristics of drug and medical device development, explain how to translate these into the valuation, and provide valuable industry data. After guiding the reader through the theory of valuation, including discounted cash-flow and real options, the authors demonstrate how to value projects, patents, licenses, firms and stocks on real-life examples, even treating complex license and company structures. Special emphasis is put on the practicability of the proposed methods by including many hands-on examples, without compromising on realistic results.

First complete guide to valuation in life sciences (pharma, biotech, medtech) Step-by-step explanation of how to practice valuation of projects and contracts With relevant data and many real-life examples and exercises Includes supplementary material: sn.pub/extras

Klappentext

This book is the first complete guide to valuation in life sciences for industry professionals, investors, and academics. Boris Bogdan and Ralph Villiger introduce the characteristics of drug and medical device development, explain how to translate these into the valuation, and provide valuable industry data. After guiding the reader through the theory of valuation, including DCF, decision trees, and real options, the authors demonstrate how to value projects, patents, licences, firms, and stocks on real-life examples, even treating complex licence and company structures. Special emphasis is put on the practicability of the proposed methods by including many hands-on examples, without compromising on realistic results.

The 3rd edition of the successful work includes new studies about success rates and about drug development in the biotech industry and their influence on valuation.

Inhalt
Introduction.- The Life Sciences Industry.- Valuation.- Project Valuation.- License Contract Valuation.- Technology Valuation.- IP Valuation.- Firm Valuation.- Advanced Topics.- Valuation and Gut Feeling.- Excercises.