Kickoff Agenda Introduction to YBPS Introduction to YERC YERC Events Other YBPS programs

The Yale Biotechnology & Pharmaceutical Society (YBPS) Who we are… Founded in 1998 by Susan Brill & Brian Pinsker member active list –Various Yale schools, Industrial and International members Mission: We commit ourselves to promoting thoughtful discussion and constructive interaction among all people, universities, companies, organizations, and governments in the Yale-New Haven community and beyond with an interest in any and all aspects of biotechnology and pharmaceuticals, including research and development, medicine, business, law, and education.

YBPS Sponsored Programs 1.YBPS Equity Research Program (YERC) 2.Case Competition 3.FDA Seminar Series 4.Technology Ventures Program (TVP) 5.Business of Biotech Seminar Series 6.Consulting Outreach Program To learn more:

YBPS Equity Research Club (YERC) YERC History YERC was started 1.5 years ago by Dr. Zoe Cournia (YBPS President) Mission The YERC aims to bring together MBA/graduate/medical students and postdocs, who have an interest in learning how to invest in biotech and pharma companies. The YERC works to bridge the gap between natural sciences and finance with a series of seminars and collaborative learning Co-Directors Co-Directors Dr. Zoe CourniaJustin Peacock David HarburgerJared Molitoris Yong Pan

YBPS Equity Research Club (YERC) Meeting Format: 1.Company Pitches 2.Managing the mock portfolio 3.Guest Speakers Seminars Fall Schedule and the objectives Talk 1: Learn about Pharma/ biotech Industry Talk 2: Learn about Hedge fund, an important part of financial industry and management of life science investment in the real world Talk 3: Learn about valuation and portfolio construction

YBPS Equity Research Club (YERC) Seminar Series (Fall): Talk by Michael Steiner, Wealth Manager at RegentAtlantic Capital, LLC Tentative Title: "A contrast of challenges and opportunities in large pharma, biotechs, individual contractors and VC-backed firms." Panel Discussion, "Hedge Fund/Venture Capital Revealed” Carlos Rodrigues, Principal/CFO, Pequot Capital Management, Inc Carlo Caserta, Senior Associate, Pequot Capital Management, Inc Doug Foster, Principal/Founder, Longitude Capital Talk by Robert Holler, Founder and Managing Director at Chapel Street Advisors, LLC Title: "Analysis and Valuation of Companies”

YBPS Equity Research Club (YERC) Company Pitches –Opportunity to practice valuation of companies and teamwork MBA/Scientist teams (2~3 ppl) Ppt presentation –What to pitch? Buy/Sell Recommendation –Target Price Company Summary Competitive Positioning Recent Developments Financial Analysis Valuation Investment Summary & Risks

YBPS Equity Research Club Mock Portfolio Meetings Format –Mini-pitch or “lightning round” 5-10 min presentation, Q&A Buy/Sell decision Summary of the analysis –Each covers two to three companies Follow up your companies YERC mock portfolios Our Mock Portfolio Market Averages

Resources Bed Time Stories: Annual Reports (10Ks) Writings of Great Investors Warren Buffet’s annual letters Ben Graham’s books esp “intelligent investors” Peter Lynch’s essays Financial Basics Accounting Valuation Midnight Thrillers: CNBC “Mad Money” PBS “Business Report” Bloomberg TV Surfing heavens: Yahoo Finance Businessweek.com Morningstar.com Marketwatch.com

YBPS Sponsored Programs 1.YBPS Equity Research Program (YERC) 2.Case Competition 3.FDA Seminar Series 4.Technology Ventures Program (TVP) 5.Business of Biotech Seminar Series 6.Consulting Outreach Program To learn more:

Multidisciplinary team (2-5 students) to solve a business case and win $3000Multidisciplinary team (2-5 students) to solve a business case and win $3000 Judges will be executives from the pharmaceutical and financial services industryJudges will be executives from the pharmaceutical and financial services industry Everyone enjoys a complementary dinnerEveryone enjoys a complementary dinner Although it is nice to win…writing the case is even better for your CV.Although it is nice to win…writing the case is even better for your CV. YBPS Case Competition yale.edu/ybps

YBPS Seminar Series From Drug Discovery to Drug Approval: A Seminar Series on Working with the FDA October 22nd 2008 Perspectives from the FDA: FDA organization, Phases, Future October 29th 2008 Perspectives from Pharma: Preclinical IND, Pharma Perspective, NDA approval November 4th, 2008 Intellectual Property Issues Yale Anlyan Center TAC Auditorium (N107) 4:30 PM Registration 5:00 PM Panel Discussion 6:00 PM Networking For more information and registration:

1)Technology Licensing Task Force - Works with Yale OCR to help catalyze the commercialization of Yale technologies 2)Tech Yale Newsletter – Reviews essential topics in the field & Upcoming events 3)Technology Ventures Seminar Series - Educational and networking opportunities in Intellectual Property / Licensing / Business Development. YBPS Technology Ventures Program yale.edu/ybps

YBPS Business of Biotech 2009 Introduces basic concepts that drive the business of biotechnologyIntroduces basic concepts that drive the business of biotechnology Format:Format: Lecture followed by outside speakers, case studies, and Q&ALecture followed by outside speakers, case studies, and Q&A Light Dinner & Handbook providedLight Dinner & Handbook provided yale.edu/ybps Last Year’s Dates: Monday Jan 28th- Thursday Jan 31st 6-8:30PM

YBPS Assembles teams to work with a local company on a real problemAssembles teams to work with a local company on a real problem Regular meetings with the company and final presentation of solutionRegular meetings with the company and final presentation of solution Gain consulting experience and networkGain consulting experience and network Consulting Outreach Program yale.edu/ybps

YBPS Equity Research Club Kickoff Guest Speaker 6:30 PM Talk by Michael Steiner, Wealth Manager at RegentAtlantic Capital, LLC Title: "A contrast of challenges and opportunities in large pharma, biotechs, individual contractors and VC-backed firms.” Check out Michael’s research Report at