Incorporating Probability of Success (PoS) is a unique aspect of #biotech valuation investors must be aware of.
It tries to factor development risk into revenue and cost assumptions.
Here is a table of PoS values:

Incorporating Probability of Success (PoS) is a unique aspect of #biotech valuation investors must be aware of.
It tries to factor development risk into revenue and cost assumptions.
Here is a table of PoS values:
Investors should understand the #FDA regulatory process well. Here is a quick summary
At each step investors should ask themselves if the company is developing things in a way that will satisfy the FDA
Until a drug is approved the FDA is the most important decision maker