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Pharmaceutical Case Competition 2007. HLM Biotech Consulting. Paul Di Capua, MD, MBA candidate Robert Stavert, MD, MBA candidate Adrian Garcia, MBA candidate. November 30, 2007. Pharmaceutical pipeline is drying up Diversification of drug portfolio into biologics Potential synergies.
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Pharmaceutical Case Competition 2007 HLM Biotech Consulting Paul Di Capua, MD, MBA candidate Robert Stavert, MD, MBA candidate Adrian Garcia, MBA candidate November 30, 2007
Pharmaceutical pipeline is drying up Diversification of drug portfolio into biologics Potential synergies WHY BIOTECH ? WHY NOW? Cash reserves Slim pipeline Blockbusters are going off-patent Sucessfulbiotech with proven track record Growth of MS market Potential synergies So competition doesn’t acquire Biogen
“When we look back, this will seem a very expensive time.” – Tony Robinson, Head of Business Development and Licensing at Novartis Buyers beware!
Multiple Sclerosis: Pathogenesis and mechanisms of therapy Figure from: Compston A, Coles, A. Multiple Sclerosis. Lancet 2002; 359: 1221-31.
Biogen Idec Valuation Traditional DCF Method:
Post acquisition MS market share with synergies Post acquisition MS market share by firm 2006 MS market share by firm
The following slides describe the details of the DCF valuation