Technical and market DD of a biopharma company in the field of early cancer diagnostic

CHALLENGE

A private equity (PE) investor was considering a transaction in a young biopharma that develops a novel diagnostic kit for the early detection of selected cancer indications. The PE investor hired BIM to conduct a brief technological, patent and market DD.

SOLUTION

BIM's team reviewed the contents of an online data room and conducted online interviews with the management team. While no major technological red flags were identified, our team concluded that the competition in the field vis-à-vis the time frame and budget needed to reach value inflecting milestones makes the investment less attractive. The PE investor used BIM's output and decided not to proceed

with the investment.

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