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Myths about early-stage project valuation

Gut-feeling is for gamblers, valuation for serious (responsible) players.

You might have heard it already: "Early-stage projects always have a negative NPV." Or "Sales estimates are so far off that you cannot rely on these valuations." What does that have to do with Black Jack? Read on and find out.


26/05/2011 and 27/05/2011
License Contract and Company Valuation in Excel
Basel - Switzerland

24/10/2011 and 25/10/2011
License Contract and Company Valuation in Excel
San Diego - USA


Survey about discount rates in pharma and biotech
Survey of industry professionals by Biostrat and Avance about the discount rates for biotech companies.

The effect of taxes on the value of start-up companies
Journal of Business Valuation and Economic Loss Analysis

Valuation Book

Valuation in Life Sciences 3rd Edition
"Valuation in Life Sciences. A Practical Guide" has become the industry reference book. It has now been released already in its 3rd edition.

Click here to order.

ri:val: Negotiate your deals with ri:val 4.1

ri:val has evolved from a valuation software to an important negotiation and planning tool. Clients from pharma, biotech, universities, and the investor community use ri:val to

  • Evaluate term sheets,
  • Elaborate counter-offers,
  • Read and interpret benchmark deals,
  • Value the company,
  • Run various clinical scenarios,
  • Define liquidity needs,
  • Plan resource allocation,
  • Compare different strategies.

License Contract and Company Valuation:
2-day workshop in Basel (NEXT WEEK) and San Diego

Avance holds a 2-days' workshops on company valuation in Basel (next week) and San Diego (October). The first day will cover project and license valuation. On the second day we will touch company valuation with delicate topics like cost of capital, taxes, and Monte Carlo simulations. All topics will be put into practice with a case study in Excel.

Basel Workshop >

San Diego Workshop >

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