Valuation of a Biotechnology Firm: An application of real-options methodologies
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Summary
Much of the value contained in early stages of pharmaceutical projects is in the promise of developing a blockbuster drug, and firms in the biotechnology industry have significant valuations, yet do not have profits from which to value the firm using traditional methods.
- Type
- article
- Published
- 1999-01-01
- Cited by
- 23
- References
- 17
- OpenAlex
- https://openalex.org/W166944494
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:2235813
Keywords
Valuation (finance), Discounted cash flow, Cash flow, Business, Pharmaceutical industry
References
- Development of Automated Aids for Decision Analysis
- Applying ‘Options Thinking’ To R&D Valuation
- Real Options: Managerial Flexibility and Strategy in Resource Allocation
- Returns to R&D on new drug introductions in the 1980s.
- Real Options: Managerial Flexibility and Strategy in Resource Allocation
- Shareholder Value Creation During R&D Innovation And Commercialization Stages
- Evaluating Influence Diagrams
- A comparison of graphical techniques for decision analysis
- Cost of innovation in the pharmaceutical industry.
- The Theory of Games and Economic Behaviour
- Theory of games and economic behavior
- Real Options: Managing Strategic Investment in an Uncertain World
Cited by
- Applying the concepts of financial options to stimulate vaccine development
- La valoración de un proyecto biotecnológico como una opción real compuesta
- Árvores de decisão bicritério em análise de projectos
- Policies and Incentives for Promoting Innovation in Antibiotic Research
- Agricultural Biotechnology Risks and Economic Development: A Call for a Public-Private Partnerships to Stimulate Investments into African Biotechnology Industries
- Evaluating a small deposit next to an economically viable gold mine in West Africa from the points of view of the mining company, the government and the local community
- Option Pricing Procedure for Venture Investment Projects in Case of Incomplete Information
- THE EMERGING ECONOMY-INDUSTRIAL COMPLEX
- SME financial aid opportunities: The role of Bank investment evaluations from a real option lens
- A Real Options Framework for Valuing Start-up Companies
- Aplicação da Teoria de Opções Reais na Determinação da Contribuição dos Produtos para a Lucratividade de uma Empresa
- In Search of the True Value of Start-Up Firms: Creative Destruction and Real Options Approach
- Application of Real Option Analysis for Pharmaceutical Development Project Valuation by Portfolio Design Framework
- Valuation of biotechnology company based on real options approach
- Avaliação de projetos de pesquisa e desenvolvimento de novos fármacos via opções reais
- Wykorzystanie opcji realnych w wycenie projektów inwestycyjnych na przykładzie przemysłu farmaceutycznego
- Bewertung eines Biotech-Start-ups mit dem Realoptionsansatz
- Real Options in Telecommunications Capacity Markets
- In Search of the True Value of a Start-Up Firm: Creative Destruction and Real Options Approach (CD-ROA)
- RISK MANAGEMENT IN FINNISH BIOPHARMACEUTICAL COMPANIES
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