I’m looking for a guide similar to the 400 question IB interview guide, but I need some questions on HC specifics, I.e pharma valuation, hospital, etc. I’m interviewing for a HC Boutique and I have been told that after The ‘normal’ IB questions they sit you down for a 45 minute session on pure healthcare; both macro/political and valuation of specific HC entities. I have no clue how to prep - I know the industry well but not valuation of random biotechs.
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The Pharmagellan Guide to Biotech Forecasting and Valuation is pretty good from what ive heard
Do you have any guidance for finding this book or a preview online that doesn’t have a $99 price tag
I might have a copy to send you in a day or so - I'll let you know. PM me
I mean the book the person above me mentioned is great but like having just like a fundamental understanding of drug companies and the drug development process in my opinion the most important. Like yeah you can understand what peak sales are and know that you project out longer but understanding the motivation behind that stuff will make it a lot clearer.
I found this post helpful (both parts 1 and 2) https://www.wallstreetoasis.com/forums/biotech-finance-from-ib-to-vc-hf…
Also, Bain put out a 'Healthcare Private Equity Report', can download it on their website. May give you some insight into the different sub sectors and which are active in terms of M&A/PE. They also have multiple other healthcare publications worth a read
For recent news, the websites 'FiercePharma' and 'FierceBiotech' are useful
Hope these help with your interview
The Fierce sites are fantastic. If its worth it for you to pay, I'd also add Endpoints to the news sources list
Bump
if you do healthcare banking as a SA would it be difficult to go to another industry after if its not what you think it would be?
Certainly not after your SA stint. Maybe if you've been in the industry after a couple of years, then yes.
why not wouldnt that be the time thats easiest cuz you havent pidgeon holed too far?
following
DB’s equity research 2011 pharma 101 report primer was a gold mine to understand the basics of pharma.
Lots of good primers on CROs, some decent on CDMOs
Evaluate and iqvia have yearly outlook reports that are free (and lots more) on pharma and rare diseases.
Amgen has decent biosimilars outlook on their website
Think about verticals and try to have a mindmap of how business model works:
Tysm for sharing. Great thread overall.
Helpful insights
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