COSTS

CHF 1,890 for two days or CHF 990 for one day (includes course fee, lunch, and book)

INFORMATION & CONTACT

For registration, organizational and tuition questions please contact:

Ralph Villiger, Programme Director

+ 41 61 273 45 46 ralph.villiger@avance.ch

AVANCE

LICENSE CONTRACT AND COMPANY VALUATION IN EXCEL

TWO DAY WORKSHOP - BASEL 26th and 27th MAY 2011

Deepen your valuation skills with this extensive two-day workshop in Basel. In this hands-on course you will learn how to use Excel for valuation in biotech and pharma. The first day will teach you how to structure and value license deals, while the second day will deal with the valuation of the company and technology; in fundraising, investing, or strategic decisions. Solving a case study in Excel on your own laptop on each day, you will be well prepared to take the learned skills back into practice.

The first day can be visited independently of the second if you are only interested in the valuation of license contracts.

COURSE OBJECTIVES

Day 1:

1. Structure financial models in Excel
2. Source input parameters (success rates, durations, costs, sales)
3. Structure and value license contracts
4. Early-stage license contracts
5. Analyze and interpret license contracts for licensor and licensee in terms of:
5.a rNPV
5.b IRR/ROI
5.c Value share

Day 2:

1. rNPV valuation of an entire biotech company
2. Valuation of technology
3. Choosing the proper discount rate for the valuation
4. Monte Carlo simulation in Excel on a company level
5. Taxes

SPEAKERS

The course will be held by Ralph Villiger. He is valuation specialist and advises Pharma, Biotech and investors around the globe. He has co-authored numerous articles on valuation and has published the book "Valuation in Life Sciences: A Practical Guide." He is founder and partner of Avance, Basel GmbH and regulary teaches on valuation.

VENUE

The course will take place in the Kloster Klingental at the bank of the Rhine.

PROGRAMME

Day 1:

08:30 Welcome
08:45 Theory on valuation
10:00 Coffee break
10:15 Excel case study on licensing part 1
12:00 Lunch
13:30 Theory on license contracts in life sciences
15:30 Coffee break
16:00 Excel case study on licensing part 2
18:00 End

Day 2:

08:30 Theory on company valuation (technology, feed rate, tax)
10:00 Coffee break
10:15 Excel case study on company valuation part 1
12:00 Lunch
13:30 Excel case study on company valuation part 2 (Monte Carlo simulations)
15:30 Coffee break
15:45 Advanced topics (discount rate, strategic considerations)
17:00 End

COSTS

CHF 1,890 for two days or CHF 990 for one day (includes course fee, lunch, and book)

REGISTRATION & COURSE DETAILS

Please download the detailed programme using the following link:

DETAILED PROGRAMME AND REGISTRATION HERE