Hi guys need some help here
I'm recently working on tons of healthcare IPOs and find them very difficult to understand….(vs e.g. TMT and consumer deals).
Like when I read say the summary section of a prospectus there're lots of terms I don't understand
I came from a non science background and I just don't know where to start. I studied SOME biology back in high school but thats many years ago
So are there any DUMBED DOWN RESOURCES that help you gain general knowledge of different healthcare sub-sector quickly?…
And in general how do NON-HEALTHCARE SPECIALISTS understand and invest in healthcare IPOs?
Appreciate any thoughts
Are you talking about biotech/life science/biopharma companies?
Even with my Masters-level science background, very complex concepts/companies to understand.
HCIT/HC services is fairly easy to pick up and is where I spent most of my career. Insurances are complicated but it doesn't require a science background just a lot of hands on experience with data and trends.
Yes mostly biopharma / pharma companies’ IPO. But also some CRO / CMO / medical device companies.
Looking to gain some “general and broad knowledge” on the healthcare sector and maybe some dumbed down must read books / materials….
Like general trends in the sector, different sub-sectors and what companies do there. General framework to analyse a healthcare company / healthcare IPO.
I tried to read research reports at my bank but most already assume you know the sector quite well already so they still use lots of jargons.
To add more background I’m on the sell-side working on healthcare IPOs. While my role doesn’t require me to have deep knowledge in healthcare, think some basic knowledge / reading materials would be good to have.
AND taking a step back, should one on sell-side avoid working on healthcare IPOs vs say TMT IPOs which are also hot but much easier to understand?…
Thanks guys
Biotech’s not simple. I can try to walk you through how to evaluate clinical-stage cos but it takes time to conduct full due diligence. It might make sense to reach out to your bank’s research team to see their views on a particular company, to help save time.
Hi, I'm in a very similar spot. What I can recommend is read some Fierce Pharma stuff, read an RBC's primer on biotech, and find online classes or some easy to read books on just anything health related. Also, not sure if you have a math & stats background, but when you read technical papers, you don't need to understand all the science. Sometimes by reading into their samples, their experiment process, etc. can give you some idea of how convincing a new drug or a new treatment is.
On the pure science front, no I have no clue either. My group has 1 analyst specifically recruited for all science related stuff. While I seriously doubt if she understands most of them, I talk to her as a starting point when I look to understand something.
Don't think there is a way around years of studying those biology, chemistry, etc.
Helpful appreciate it! As a result of this would you rather work on deals that require less specialised knowledge? (say healthcare IPOs vs TMT IPOs).…
I strongly prefer tech and say consumer over healthcare. Tbh, I'm just not interested in healthcare in general. However:
The reason you don't need specialized knowledge to understand say a mobile app or a coke is because tech products and daily consumables are meant to be easy-to-use stuff with friendly user interfaces. Think about how your knowlegde in nutrition or computer programming will help you. If you are the developer of the Java or Python language, chance is you will have a VERY deep insight into certain tech companies because you see through things others interpret as easy to understand.
HC is different because when it comes to the human body, there is no known way to present your findings in a way that is visually easy to consume or has a user-friendly interface. What does that even mean in this context?
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