L/S Equity | “Project” | Any Ideas?

Have a several hour “project” along and a debrief with a PM afterwards. There was no indication to what this may be. 

I have done the intial modeling test (3-statement, and spoke with a business rep, spoke to the same PM, and a couple of analysts on the team. This is for a role on a Biotech/Pharma L/S equity team.

I assume this will be an epi model, and DCF build? Or maybe clinical trial analyses comparing data and selecting the best drug? 
Any thoughts would be amazing, thank you!

 

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