A methodology for assessing the risk profile of a life science company prior to valuation. The different valuation methods used for life science companies and products. How to calculate the value of a biotech or life science company with the Discounted Cash Flow method, comparables and exit valuation. How to use risk-adjusted Net Present Value (rNPV) to calculate the value of a pharmaceutical compound in development. How to structure the licensing deal between companies, covering issues such as milestone and royalty payments.