Healthcare Investment Banking Intern Interview
Aside from reading the IB vault guide, familiarizing myself with the FDA approval process, and learning about the different healthcare sectors, what do you all think I should spend more time on? I'm really interested in IB and think HC IB would be a really good sector to be in. It's for a specifically HC shop.
Once was asked how to value a biotech (or any drug company) with patent expiring or no products in market yet, etc. Something to think about.
base it off of drugs in the pipeline? liquidation value of manufacturing assets? curious what the 'right' answer is.
You would have to do a complete revenue build with a projected product penetration for all of their pipeline drugs. Assign a probability of coming to market (based on Phase in FDA testing) and discount the cash flows as you would in a standard DCF.
You could also use comps from comparable public companies in a similar phase. For example, if you have a company with a drug in Phase 2, you can calculate the multiples for Phase 2 companies that are currently public.
incorporate some breaking bad shit into there brah
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