Developing an Improved Risk-Adjusted Net Present Value Technology Valuation Model for the Biopharmaceutical Industry

The financial valuation of a drug that is still under development is required for various purposes. The risk-adjusted net present value (r-NPV) method, which recently emerged in the biotech industry, uses the development attrition rate as a discount factor to reflect risk during each development pha...

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Bibliographic Details
Main Authors: Jonghak Woo, Eungdo Kim, Tae-Eung Sung, Jongtaik Lee, Kwangsoo Shin, Jeonghee Lee
Format: Article
Language:English
Published: MDPI AG 2019-07-01
Series:Journal of Open Innovation: Technology, Market and Complexity
Subjects:
Online Access:https://www.mdpi.com/2199-8531/5/3/45