An Introductory Guide

• The first book to provide a simple and practical means of
  valuing biotech companies


• The book begins with a short history of the biotechnology
  industry; this is important as although it is about 30 years old,
  the first company went public only in 1996, so it is possible to
  plot the course of investment waves and dips


• It examines the European industry and its evolvement, and draws
  parallels between the similarities and differences between that and
  the US


• Looks at the various companies which make up the biotech
  industry (therapeutic; life sciences; and the medical technology
  company) and gives tools for the investor to properly evaluate
  them

"Keegan states that the valuation of Biotech companies is as
much an art as a science. This brief but comprehensive review of
the skills and knowledge required, not of just the financial market
and sentiment, but also of the technical attributes of a company
and the drug development and regulatory hurdles that must be
overcome, highlights the importance of the breadth of understanding
required. Biotech investing is not for the timid, but it can bring
substantial returns. Keegan's book, punctuated with his personal
experience and opinions, is a good place to start."

?Chris Blackwell, Chief Executive, Vectura Group
plc

"A user-friendly, yet thorough discussion of a notoriously
difficult topic. Dr Keegan's book is a fine resource for both
business types and academicians."

?Steve Winokur, Managing Director, CanaccordAdams

"A highly readable and comprehensive explanation of the
technical and commercial parameters that influence biotechnology
companies at all stages of development, providing clear context for
selection from the toolkit of valuation methodologies the author
recommends to assess company and product performance, or ascribe
value."

?Dr L.M. Allan, Director, Bioscience Enterprise
Programme, University of Cambridge

"A fabulous approach to a difficult topic."

?Deirdre Y. Gillespie, MD, President & CEO, La
Jolla Pharmaceutical Company