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YERC

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Resources
Below is a list of useful materials to provide background and tools for valuating biotech and pharma companies.

Past Meetings
Date: Titles from Previous Meetings:
2008-2009

 

 


YERC Kickoff
Join us for an opportunity to sign up for our email list, hear about upcoming events, how to get involved in club activities, and listen to an interesting seminar.
Click for more information.

11.06.2008

Time: 7pm-8:30pm

Location:
Steinbach Lounge
School of Management
52 Hillhouse

Panel Talk:
Title: "Hedge Fund/Venture Capital Revealed"
Carlos Rodrigues, Principal/CFO, Pequot Capital Management, Inc
Carlo Caserta, Senior Associate, Pequot Capital Management, Inc
Doug Foster, Principal/Founder,  Longitude Capital
Sponsored by: GPSS and YBPS.
Click for more information.

Due to our agreement with the speakers, no slide or summary from this talk is available online. Click on the company links should you like to learn about them.

12.09.2008

Time: 6pm-7:00pm

Location: Room A51
School of Management
135 Prospect St.
Talk:
Title: "A Credit-Centric Approach to Company Analysis and Valuation"
Robert Holler, Founder and Managing Director
Chapel Street Advisors LLC
Click for more information. Check out the Flyer.

Due to our agreement with the speaker, no slide or summary from this talk is available online. Click on the company links should you like to learn about the company.

03.02.2009

Time: 7pm

Location: Yale SOM

Discussion:
Off Wall Street Finance
Alex Hetherington, Senior Financial Analyst
Yale University Investments Office
Click for more information. Check out the Flyer.

 

03.24.2009

Time: 7pm-8:30pm

Talk:
Title: Pharmaceutical Industry Update in Light of Current Events
Michael Steiner, Wealth Manager
RegentAtlantic Capital, LLC
Click for more information. Check out the Flyer.

 

2007-2008

 

 

10.10.07 First Meeting of the Semester: "Preparation for Company Pitch"
10.24.07 Talk by Joe Citarella: "Financial Statements and Accounting Principles"
12.05.07 Talk by Jordan Verdis, PhD '98: "Transition from Science to Wall Street"
02.20.08
Talk by Michael Steiner, Financial Advisor Regent Atlantic LLC, "The Continuing Evolution of the Pharmaceutical Industry: Career Challenges and Opportunities."
(Download the Presentation) (Download the White Paper)
03.05.08
Talk by Adrian Garcia, SOM MBA Candidate ('09): "Valuation Methods and Principles: Discounted Free Cash Flow Analysis"
03.26.08
Talk by Panos Patatoukas, SOM PhD Candidate ('10): "Valuation Methods and Principles"

Past Co-directors

2008-2009
Yong Pan
Jared Molitoris

2007-2008
Zoe Cournia (Founder)
David Harburger
Yong Pan

Useful Links: Sample Valuations:
Examples of Valuations by Yale SOM students PRX Pharmaceuticals
Yale Social Science Library Research Guide: Finance Rigel Pharmaceuticals
Morningstar Equity Research
EDGAR Company Research White Papers:
Wall Street Journal Paths to Profit in Biotech
Marketwatch.com Pharma Career Challenges and Opportunities
Yahoo! Finance Prospects for Indian Drug Companies
Wikinvest Beyond Blockbuster Drugs
Merrill Lynch Podcasts: Introduction to Financial Markets Rewriting the Rules for Drug Development
PhRMA: The Basics of Drug Discovery The Vaccine Market
Recommended Reading:
Accounting and Finance:
Financial Statements: a Step-by-step Guide to Understanding and Creating Financial Reports" by Thomas Ittelson
Valuation Methods:
"Valuation: Measuring and Managing the Value of Companies" by McKinsey & Company
Investing:
"The little book that beats the market" by Joel Greenblatt
"The intelligent Investor" by Benjamin Graham
"One Up On Wall Street: How to Use What You Already Know to Make Money in the Market" by Peter Lynch
Additional Suggested Reading Material