Biotechnology Valuation 在線電子書 圖書標籤: 生物醫藥 投資 金融 藥物 投行
發表於2024-11-27
Biotechnology Valuation 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024
biotech領域的投研書很少 這本寫得一些valuation strategy還是不錯的,推薦一下
評分主要介紹瞭醫藥投資的邏輯和不同於其他産業的估值模型,因為生物醫藥的初創企業在産品臨床一二三期獲批上市之前都不可能産生利潤和正的現金流,生物醫藥産業是個長期燒錢為期十年的産業,一個産品從立項到上市也差不多十年為期,據統計開發一個First-in-class的新藥需要2~5億美元的投入,在對一個生物醫藥公司估值的時候,常常從其藥物管綫(pipeline)入手,采用rNPV和option的模型,乘以每個階段性成果的成功率以及考慮藥物5~7年會迎來銷售峰值,來摺現到現在的估值。
評分gloss over on important concepts; disorganized and full of mistakes; seem more like a book thats written overnight; but not a bad one for beginners
評分gloss over on important concepts; disorganized and full of mistakes; seem more like a book thats written overnight; but not a bad one for beginners
評分主要介紹瞭醫藥投資的邏輯和不同於其他産業的估值模型,因為生物醫藥的初創企業在産品臨床一二三期獲批上市之前都不可能産生利潤和正的現金流,生物醫藥産業是個長期燒錢為期十年的産業,一個産品從立項到上市也差不多十年為期,據統計開發一個First-in-class的新藥需要2~5億美元的投入,在對一個生物醫藥公司估值的時候,常常從其藥物管綫(pipeline)入手,采用rNPV和option的模型,乘以每個階段性成果的成功率以及考慮藥物5~7年會迎來銷售峰值,來摺現到現在的估值。
* The first book to provide a simple and practical means of valuing biotech companies
* The book begins with a short history of the biotechnology industry; this is important as although it is about 30 years old, the first company went public only in 1996, so it is possible to plot the course of investment waves and dips
* It examines the European industry and its evolvement, and draws parallels between the similarities and differences between that and the US
* Looks at the various companies which make up the biotech industry (therapeutic; life sciences; and the medical technology company) and gives tools for the investor to properly evaluate them
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Biotechnology Valuation 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024