Kickoff Agenda

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Kickoff Agenda

• Introduction to YBPS
• Introduction to YERC
• YERC Events
• Other YBPS programs
• http//www.yale.edu/ybps/yerc.htm

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The Yale Biotechnology Pharmaceutical Society
(YBPS)

• Who we are
• Founded in 1998 by Susan Brill Brian Pinsker
• 1100 member active email list
• Various Yale schools, Industrial and
  International members
• Mission
• We commit ourselves to promoting thoughtful
  discussion and constructive interaction among all
  people, universities, companies, organizations,
  and governments in the Yale-New Haven community
  and beyond with an interest in any and all
  aspects of biotechnology and pharmaceuticals,
  including research and development, medicine,
  business, law, and education.

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YBPS Sponsored Programs

• YBPS Equity Research Program (YERC)
• Case Competition
• FDA Seminar Series
• Technology Ventures Program (TVP)
• Business of Biotech Seminar Series
• Consulting Outreach Program
• To learn more www.yale.edu/ybps

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YBPS Equity Research Club (YERC)

• YERC History
• YERC was started 1.5 years ago by Dr. Zoe Cournia
  (YBPS President)
• Mission
• The YERC aims to bring together
  MBA/graduate/medical students and postdocs, who
  have an interest in learning how to invest in
  biotech and pharma companies. The YERC works to
  bridge the gap between natural sciences and
  finance with a series of seminars and
  collaborative learning.
• 2007-2008 Co-Directors 2008-2009 Co-Directors
• Dr. Zoe Cournia Yong Pan
• David Harburger Jared Molitoris
• Yong Pan

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YBPS Equity Research Club (YERC)

• Meeting Format
• Company Pitches
• Managing the mock portfolio
• Guest Speakers Seminars
• Fall Schedule and the objectives
• Talk 1 Learn about Pharma/ biotech Industry
• Talk 2 Learn about Hedge fund, an important
  part of financial industry and management of life
  science investment in the real world
• Talk 3 Learn about valuation and portfolio
  construction

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YBPS Equity Research Club (YERC)

• Seminar Series (Fall)
• Talk by Michael Steiner, Wealth Manager at
  RegentAtlantic Capital, LLC
• Tentative Title "A contrast of challenges and
  opportunities in large pharma, biotechs,
  individual contractors and VC-backed firms."
• Panel Discussion, "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
• Talk by Robert Holler, Founder and
  Managing Director at Chapel Street Advisors, LLC
• Title "Analysis and Valuation of Companies
• http//www.yale.edu/ybps/yerc.htm

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YBPS Equity Research Club (YERC)

• Company Pitches
• Opportunity to practice valuation of companies
  and teamwork
• MBA/Scientist teams (23 ppl)
• Ppt presentation
• What to pitch?
• Buy/Sell Recommendation
• Target Price
• Company Summary
• Competitive Positioning
• Recent Developments
• Financial Analysis
• Valuation
• Investment Summary Risks

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YBPS Equity Research Club

• Mock Portfolio Meetings
• Format
• Mini-pitch or lightning round
• 5-10 min presentation, QA
• Buy/Sell decision
• Summary of the analysis
• Each covers two to three companies
• Follow up your companies
• YERC mock portfolios

Our Mock Portfolio
Market Averages
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Resources

• Midnight Thrillers
• CNBC Mad Money
• PBS Business Report
• Bloomberg TV

• Bed Time Stories
• Annual Reports (10Ks)
• Writings of Great Investors
• Warren Buffets annual letters
• Ben Grahams books esp intelligent investors
• Peter Lynchs essays
• Financial Basics
• Accounting
• Valuation

• Surfing heavens
• Yahoo Finance
• Businessweek.com
• Morningstar.com
• Marketwatch.com

• http//www.yale.edu/ybps/YERC/resources.htm

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YBPS Sponsored Programs

• YBPS Equity Research Program (YERC)
• Case Competition
• FDA Seminar Series
• Technology Ventures Program (TVP)
• Business of Biotech Seminar Series
• Consulting Outreach Program
• To learn more www.yale.edu/ybps

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YBPS Case Competition

• Multidisciplinary team (2-5 students) to solve a
  business case and win 3000
• Judges will be executives from the pharmaceutical
  and financial services industry
• Everyone enjoys a complementary dinner
• Although it is nice to winwriting the case is
  even better for your CV.

yale.edu/ybps
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YBPS Seminar Series
From Drug Discovery to Drug Approval A Seminar
Series on Working with the FDA
October 22nd 2008 Perspectives from the FDA FDA
organization, Phases, Future October 29th
2008 Perspectives from Pharma Preclinical IND,
Pharma Perspective, NDA approval November 4th,
2008 Intellectual Property Issues
Yale Anlyan Center TAC Auditorium (N107) 430PM
Registration 500PM Panel Discussion 600PM
Networking For more information and registration
www.yale.edu/ybps/
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YBPS
Technology Ventures Program

• Technology Licensing Task Force -
• Works with Yale OCR to help catalyze the
  commercialization of Yale technologies
• Tech Impact _at_ Yale Newsletter
• Reviews essential topics in the field
• Upcoming events
• Technology Ventures Seminar Series -
• Educational and networking opportunities
  in Intellectual Property / Licensing / Business
  Development.

yale.edu/ybps
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YBPS Business of Biotech 2009

• Introduces basic concepts that drive the business
  of biotechnology
• Format
• Lecture followed by outside speakers, case
  studies, and QA
• Light Dinner Handbook provided

Last Years Dates Monday Jan 28th- Thursday Jan
31st 6-830PM
yale.edu/ybps
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YBPS
Consulting Outreach Program

• Assembles teams to work with a local company on a
  real problem
• Regular meetings with the company and final
  presentation of solution
• Gain consulting experience and network

yale.edu/ybps