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Getting real about valuations in biotech

A lesser known valuation approach for biopharmaceutical products offers project managers and out-licensing biotech companies an edge in budget and license negotiations.

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Figure 1: Project valuation with DCF.
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Figure 4: Value distribution in licensing deals.


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Value drivers in licensing deals

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Villiger, R., Bogdan, B. Getting real about valuations in biotech. Nat Biotechnol 23, 423–428 (2005).

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