Business of Biotech
This foundational course introduces learners to the biotech social contract, M&A game theory, and NPV modeling using in-depth examples.
Course Curriculum
Welcome!
Opinion Survey
"The Great American Drug Deal" & Study Guide
Taking Action: No Patient Left Behind
Optional Assignment: Write your own op-ed!
Additional Reading: Articles
Lesson 1: Intro - How a Biotech Investor Came to the Drug Pricing Debate
Lesson 2: The Biotech Social Contract -- The Mortgage we Pay for Generic Drugs (and why we shouldn't settle for renting)
Lesson 3: Generics -- Their Value to Society and Why They're Worth Celebrating
Thinking Deeper Exercise 1: Value of Generics (Optional)
Lesson 4: The VC Perspective and Why Short Term Profits are Crucial
Lesson 5: One Simple Formula to Determine if an Investment is Compelling
Thinking Deeper Exercise 2: Failed Drug Case Study (Optional)
Lesson 6: Price Controls, How Congress is Missing the Big Picture, and The Beyoncé Effect
Lesson 7: Global Pricing and why the USA is a Good Roommate
Lesson 8: Public Perception and Peter's Answer to Victims Price Gouging
Thinking Deeper Exercise 3: Your perspective (Optional)
Quiz: The Great American Drug Deal
Lesson 1: Types of Financings & Funds and Why RA Made Up a Term to Describe Itself
Lesson 2: Crossover Investing -- Throwing the Egg Over The Wall (With Help)
Thinking Deeper Exercise 1: Crossover investing (Optional)
Lesson 3: Valuation -- Fairness is in the Eye of the Beholder
Lesson 4: Darmok & Jalad -- Doing Business through Memes
Thinking Deeper Exercise 2: Your Own Shorthand (Optional)
Lesson 5: Fund Size vs. Company Size and How David Can Compete with Goliath
Lesson 6: BioPharma Hustle and How We Knew Hep C Would Be Cured
Thinking Deeper Exercise 3: Examples of Biopharma Hustle (Optional)
Lesson 7: Behind the Scenes of a Tech Atlas Map
Lesson 1: Exelixis case study (slides)
Lesson 2: NXEL NPV Model
Thinking Deeper Exercise: Creating a NPV model (Optional)
Post-Course Survey
Free