Exits for biotech/biopharma/life sciences IB

Hey all, I’m currently working in a biotech/life sciences group at a top MM boutique and was wondering what would some of my exits be? Deal flow is solid and I like my group, but I’m at the point in my life where I’m wanting to expand my skill set on the buy side. Thank you!

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Did a bunch of m&a/rx. Was staffed on only 2 ECM deals. Where do you think I should focus?

 

Pharma corp dev here after 10 years in banking. Happy to answer questions if I can

PE:

  • mix of large funds that have HC teams, and dedicated HC funds

In US: Essex, Linden, Riverside…

In EU: GHO, Archimed, G square, Apposite, Gilde… The first two have US offices too

  • lots of corp dev roles available depending on the segment of HC.

VC is less common I think without science background.

HF not sure

 

Hey! What made you want to go into corp dev? How is the pay like? I’d assume you were at a comfy spot in IB after being there for 10 years?

 
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Analyst 2 in IB - Cov

Hey! What made you want to go into corp dev? How is the pay like? I'd assume you were at a comfy spot in IB after being there for 10 years?

1) good timing to switch from IB (now before than 5 years ago level wise, later will make it more difficult). More excited about long term prospects (MD at tier 3 bank for 20 years wasn’t terribly attractive). Attractive platform, team. No real downside at my level - addings lots of valuable connections, skills and experience that I could take back to banking

2) my new employer aligned to my vp3 fixed comp; bonus is a bit lower. Overall package was 10-20% below my last comp; maybe a bit below compared to D level. TBH my bank made it easy to leave to a corporate as my pay was shit vs street, even being top ranked. Would be different If I had been at GS / Centerview

3) yes and no - comfy years at Vp done, moving to sweat years as D (starting to generate business in a mediocre platform becomes quite hard work). But new job has its trade offs (lots to do yourself…) too. The motivation is in 1)

 

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