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| Wednesday 23 July 2008, 10:00 am to 4:30 pm |
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| Leonard Horner Hall, Edinburgh Conference Centre, Heriot Watt University, Edinburgh EH14 4AS | ||||||||||||||||||||||||||||||||||||
Program Whether you are raising venture capital, negotiating a license agreement, measuring the worth of your enterprise, or commercialising technology, an understanding of valuation methods is a necessity. This MasterClass provides an opportunity to refresh your understanding of valuation, and to learn new approaches to dealing with future uncertainty. It is broadly applicable to biotechnology, medical device, and pharmaceutical companies. The MasterClass will provide a non-mathematical overview of valuation concepts - it is based on the use of Excel models and introduces @Risk simulation software. What you will learn: |
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Fundamentals: The four fundamental methods of valuation | |||||||||||||||||||||||||||||||||||
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Valuation under Uncertainty: Expected NPV, using @Risk models | |||||||||||||||||||||||||||||||||||
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Forecasting Sales: Methods for projecting future sales | |||||||||||||||||||||||||||||||||||
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Real Options: Debunking the hype, straightforward approaches to valuing choices | |||||||||||||||||||||||||||||||||||
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Case Study: Delegates will work in teams to derive a valuation in a simulated case | |||||||||||||||||||||||||||||||||||
| A CD including all models used in the MasterClass as well as a trial version of @Risk will be provided to each delegate | ||||||||||||||||||||||||||||||||||||
| Who Should Participate | ||||||||||||||||||||||||||||||||||||
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CEOs, FDs and BDDs of life science companies |  |
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Patent attorneys, solicitors and other professional advisors (This MasterClass can count as CPD hours for CIPA members) |
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Licensing executives | |||||||||||||||||||||||||||||||||||
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Venture capitalists, private investors and business analysts | |||||||||||||||||||||||||||||||||||
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Technology transfer executives | |||||||||||||||||||||||||||||||||||
| MasterClass Leader | ||||||||||||||||||||||||||||||||||||
As Director of International Technology Licensing for OxyChem, Michael Brand has successfully negotiated many mult-million $ licensing and joint venture agreements. He gained venture capital experience at 3i Corporation, Boston, where he headed the international technology transfer program. As a co-founder of Captum Capital he has assisted early stage life science companies with business development and fund raising. Michael holds a PhD from Imperial College, an MBA from MIT's Sloan School of Management and the Investment Management Certificate of the CFA Society of the UK; he is a Fellow of the Royal Society of Chemistry.. |
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| Registration | Registration Form - 23 July | |||||||||||||||||||||||||||||||||||
Advanced registration is required - attendance is limited. |
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| Cancellation Policy Cancellations received prior to two weeks before the MasterClass will be issued a refund, less a 25% administration fee. No refunds will be made for later cancellations; the Registered delegate will be liable for the full Registration Fee. In the event you are unable to attend, we encourage you to send a substitute rather than cancel your registration. |
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| Previous Valuation MasterClasses | ||||||||||||||||||||||||||||||||||||
Valuation MasterClasses have previously been held in Cambridge, Nottingham, London, Edinburgh Manchester in 2006, and Leeds, Oxford, Dublin, Bristol, London and Cambridge in 2007. Organisations which have particpated include:
"I have attended the Valuation MasterClass and was hugely impressed. It is difficult to find a more appropriate introduction to the sort of technologies that we see, and doesn't involve having to wade through the hefty texts that describe it. Michael Brand is an expert in the area and delivers the material well in a suitable timeframe. I would certainly recommend the course to others." Dr. Nigel Sansom
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