2 questions reported in SVB Leerink interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
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Pipeline risk-adjusted valuation, reimbursement and patent cliffs. 2 questions
Regulatory risk is omnipresent in healthcare. This tests understanding of the political/legal landscape.
What are the major sources of regulatory risk in healthcare, and how do they differ across subsectors? How do you model this risk in valuation?
Pricing power is the core pharma investment thesis. This tests understanding of the market dynamics.
What factors determine whether a pharmaceutical company can charge high prices for a drug? Why do some drugs have strong pricing power while others don't?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
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