Know what your asset is worth, and what a partner will actually pay for it.

We help biotech, medtech, and diagnostics leaders make the decisions that determine company value: which programs to fund, when to partner, and what terms to hold out for.

Grounded in real deal data

Built for the boardroom

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Pillars

Why Leaders Bring Us Their Hardest Decisions

I

Decision-Science Lineage

Trained at Stanford University and Strategic Decisions Group, the practice that pioneered probabilistic asset valuation for the pharmaceutical industry.

II

Proprietary Deal-Terms Data

Deal terms benchmarked against real, unredacted transaction data, accounting for asset value and strength of negotiating position.

III

A Proven Track Record

More than 20 closed transactions, partnerships, M&A, and financings, personally negotiated

IV

An Operator's Perspective

Six years in biotech leadership, on the client's side of the table.

Services

Consulting Services Designed
for Critical Decisions

Consulting Services Designed for Real Business Outcomes

grayscale photo of people walking towards building

Valuation & Deal Economics

Valuation & Deal Economics

What is the asset worth, and what will a partner actually pay?

grayscale photo of people walking towards building

Valuation & Deal Economics

Valuation & Deal Economics

What is the asset worth, and what will a partner actually pay?

man using MacBook

Transaction & Partner Support

Transaction & Partner Support

From a defensible number to a signed deal.

man using MacBook

Transaction & Partner Support

Transaction & Partner Support

From a defensible number to a signed deal.

Case studies

Powerful Work that
Drives Results

Breaking a Cross-Border Licensing Deadlock

A European biotech and a US company had reached an impasse in a cross-border licensing negotiation, unable to agree on what either asset was worth. We built independent, probability-adjusted valuations for both products and led the deal-terms modeling that both parties ultimately adopted as the shared benchmark, shifting terms materially toward our client: a swing of more than $10M in upfront and milestone value.

Breaking a Cross-Border Licensing Deadlock

A European biotech and a US company had reached an impasse in a cross-border licensing negotiation, unable to agree on what either asset was worth. We built independent, probability-adjusted valuations for both products and led the deal-terms modeling that both parties ultimately adopted as the shared benchmark, shifting terms materially toward our client: a swing of more than $10M in upfront and milestone value.

two women near tables

Choosing Between a Founding Platform and a Newer Program

A public biotech's pipeline had split into two halves, the high-risk platform science it was originally built on and a newer, more conventional clinical program, and the board was divided over which defined the company's future. We ran a probability-weighted portfolio review across every asset and showed the newer program decisively outperformed the legacy platform on return per dollar invested. The board approved a strategic redirection: divesting the legacy franchise and backing the program that later carried the company to its first commercial launch.

two women near tables

Choosing Between a Founding Platform and a Newer Program

A public biotech's pipeline had split into two halves, the high-risk platform science it was originally built on and a newer, more conventional clinical program, and the board was divided over which defined the company's future. We ran a probability-weighted portfolio review across every asset and showed the newer program decisively outperformed the legacy platform on return per dollar invested. The board approved a strategic redirection: divesting the legacy franchise and backing the program that later carried the company to its first commercial launch.

Our approach

From an open question to a decision you can defend.

Diagnose the Decision

1

We start by understanding exactly what's being decided: an asset's value, a partnering choice, a portfolio call, and what's driving the timeline.

Build the Case

2

Win the Room

3

Testimonials

What Clients Say

Stephen Worsley, Managing Director, Miramonte Capital Advisors

"I've hired Michael six times, across five companies over 20 years, public and private. There's a reason: when a valuation or a set of deal terms has to hold up, to a board, to an investor, to the other side of the table, his analysis is the one I trust."

Stephen Worsley

Managing Director, Miramonte Capital Advisors

"Michael is who you bring in when the C-suite and the board need to converge on a hard portfolio or strategy call. He builds the analysis that gets everyone aligned on a path forward. We hired him four times across two public companies at key strategic moments."

Chief Business Officer

public clinical-stage biotech

Chris Rivera, CEO, Hyperion Therapeutics

"Michael was our advisor on two drug candidates, and we closed partnership deals on both. Then I hired him; that's how much I trusted the work. Across everything we've done together, four closed partnerships and two financings, his valuation analysis got deals done."

Chris Rivera

CEO, Hyperion Therapeutics

David Beebe, Chief Scientific Officer

Twice now we've brought Michael in at the stage where a diagnostics company lives or dies on its story to investors. Both times he built on our technology story to help develop P&L projections and valuation that held up to due diligence."

Dave Beebe

Chief Scientific Officer

Mark F. Kubik, Chief Business Officer
Leona Bio

"Asset valuation, market research, revenue forecasting, BD strategy. Michael does the quantitative work at a level most consultants only talk about."

Mark F. Kubik

Chief Business Officer

Steve Brauer, CEO/VC

Three engagements, three different companies, therapeutics and diagnostics, and each time the same result: analytics that gave us the edge with investors and acquirers."

Steve Brauer

CEO/VC

Questions & answers

Frequently
Asked Questions

How do I know which service is the best fit for my situation?

Most clients don't arrive asking for a service; they arrive with a decision. A partnering offer on the table. A portfolio that outruns the cash. A board that wants a number it can defend. Tell us what you're deciding and when, and we'll tell you what the work should be. If the answer is a two-week valuation rather than a three-month strategy engagement, we'll say so.

What does the typical engagement timeline look like?

Who actually does the work?

Can you run a transaction for us?

How do you benchmark deal terms?

Do you work with medtech and diagnostics companies, or only therapeutics?