Capital Meets Strategy: How Investors and Bankers Are Shaping BD&L Decisions

Session details:

• Information asymmetry and uncertainty: Investors must price deals knowing they will never have full visibility into the science, data, or execution reality.
• Valuation and timing risk: Misalignment between strategic value and risk-adjusted financial returns—often compounded by long, unpredictable BD&L timelines.
• Unclear path to liquidity: Deals struggle when future M&A appetite, follow-on partnerships, or exit options are not well defined.
• Governance and execution risk: Limited post-deal control, weak alliance management, and shifting partner priorities can erode value after signing.
• Market and signaling risk: Regulatory, reimbursement, and capital-market perception can materially impact outcomes beyond the asset itself.