Download - Real Option Valuation of a Bio-tech Firm(2)
![Page 1: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/1.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 1/31
A Real Options Analysis of Pharmaceutical-Biotechnology LicensingKharabi, DariusStanford Journal of Law, Business & Finance; Spring 2006; 11, 2; ABI/INFORM Complete
pg. 201
![Page 2: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/2.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 2/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 3: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/3.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 3/31
![Page 4: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/4.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 4/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 5: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/5.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 5/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 6: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/6.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 6/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 7: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/7.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 7/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 8: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/8.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 8/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 9: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/9.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 9/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 10: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/10.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 10/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 11: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/11.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 11/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 12: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/12.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 12/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 13: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/13.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 13/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 14: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/14.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 14/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 15: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/15.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 15/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 16: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/16.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 16/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 17: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/17.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 17/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 18: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/18.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 18/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 19: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/19.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 19/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 20: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/20.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 20/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 21: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/21.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 21/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 22: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/22.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 22/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 23: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/23.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 23/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 24: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/24.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 24/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 25: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/25.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 25/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 26: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/26.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 26/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 27: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/27.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 27/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 28: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/28.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 28/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 29: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/29.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 29/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 30: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/30.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 30/31
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
![Page 31: Real Option Valuation of a Bio-tech Firm(2)](https://reader031.vdocuments.site/reader031/viewer/2022021222/56d6bfd91a28ab301697efd7/html5/thumbnails/31.jpg)
7/25/2019 Real Option Valuation of a Bio-tech Firm(2)
http://slidepdf.com/reader/full/real-option-valuation-of-a-bio-tech-firm2 31/31