This paper is written by my professor at the NCHU and I have prepared a PPT presentation and literature review. This paper was published in the journal Nature Biology which is the number one top ranked journal in the category of biology. This paper outlines a proposed method for calculating value of patents in the pharmaceutical industry. The method uses a stochastic Monte-Carlo simulation strategy to account for the uncertainty of life-cycle phase particular to the pharmaceutical industry. In reality, experts are needed to adjust the three main variables of reversion rate, volatility, and drift rate according to the specific conditions of the patent in question. This model of valuation could be useful in patent licensing and sales negotiations.
If you have any further questions, please email me: firstname.lastname@example.org
LINK TO THE PPT:
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