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Valuation Workshop in Basel, November 10/11, 2015

Deepen your valuation skills with this extensive two-day workshop in Basel. In this hands-on course you will learn how to use Excel for valuation biotech and pharma. The first day will teach you how to structure and value license deals, while the second day will deal with the valuation of the company and technology be it for fundraising, investing, or strategic decision taking. Solving a case study in Excel on your own laptop on each day, you will be well prepared to take the learned skills back into practice.

The first day can be visited independently of the second if you are only interested in the valuation of license contracts.


Day 1:

  • Structure valuation models in Excel
  • Source input parameters (success rates, durations, costs)
  • Structure license contracts to bridge differing assumptions between licensor and licensee
  • Analyze and interpret license contracts for licensor and licensee in terms of:
    • rNPV
    • IRR/ROI
    • Value share

Day 2:

  • rNPV valuation of an entire biotech company
  • Valuation of technology
  • Choosing the proper discount rate for the valuation
  • Monte Carlo simulation in Excel on a company level
  • Taxes and valuation


The course will be held by Ralph Villiger. Ralph is a renowned valuation specialist and advises pharma, biotech and investors around the globe. He has authored numerous articles on valuation and has published the book “Valuation in Life Sciences: A Practical Guide.” He is a founder and partner of Avance, Basel GmbH and regulary teaches on valuation (including WIPO, LES, Pharma Licensing Group).


Klingental, Basel, Switzerland.


Day 1:

08:30 Welcome
08:45 Theory on valuation
10:00 Coffee break
10:15 Excel case study on licensing part 1
12:00 Lunch

13:30 Theory on licensing in life sciences
15:15 Coffee break
15:30 Excel case study on licensing part 2
17:00 Early-stage licensing
18:00 End

Day 2:

08:30 Introduction to day 2
08:45 Theory on company valuation part 1 (technology, feed rate)
10:00 Coffee break
10:15 Excel case study on company valuation part 1
12:00 Lunch

13:30 Theory on company valuation part 2 (tax, discount rate, monte carlo simulations)
15:00 Coffee break
15:15 Excel case study on company valuation part 2
17:00 End


One day (license contract valuation): CHF 990

Two days (license contract & company valuation): CHF 1,890

(includes course fee, lunch, teaching materials, book)


Please register at

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