---
title: Evaluating a pipeline agreement with a platform technology company
description: Evaluating a pipeline agreement with a platform technology company
---

[Case Studies Archive - Alacrita ](https://www.alacrita.com/case-studies)

# [Evaluating a pipeline agreement with a platform technology company](https://www.alacrita.com/case-studies/evaluating-pipeline-agreement-platform-tech-company)

 Written by [Cort](https://www.alacrita.com/case-studies/author/cort) | Feb 8, 2017 10:57:57 AM

#### Challenge

A division of a multinational pharma company needed support evaluating a pipeline agreement with a platform technology company. The client wanted to know what the overall value of this partnership would be.

#### Solution

We assessed the commercial potential of the opportunity and provided a critical analysis of the risk adjusted NPV (rNPV) model in use by the negotiation team. We tested the underlying assumptions using real-world data incorporated into a Monte Carlo simulation model.

The approach provided greater insight into the impact of the underlying uncertainties, allowing the key outputs (e.g. NPV) to be expressed as a range, with confidence intervals, rather than a single number. We also reviewed a selection of early-stage biotechnology deals to generate a comparables analysis.

This allowed the deal to be benchmarked against analogous transactions, also serving as a useful cross-check of the rNPV analysis. We helped the in-house team build the case for the deal at board level, emphasizing the value of the strategic logic of the deal and setting out the non-financial drivers of the opportunity.

#### Valuations Services

Our expert teams develop in-depth valuation models for our clients, helping inform strategic decision-making and investments.

[Learn more](https://www.alacrita.com/our-services/pharmaceutical-biotech-valuations)

[View full post](https://www.alacrita.com/case-studies/evaluating-pipeline-agreement-platform-tech-company)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Cort"
  },
  "dateModified" : "2024-02-19T19:06:04.259Z",
  "datePublished" : "2017-02-08T10:57:57Z",
  "headline" : "Evaluating a pipeline agreement with a platform technology company",
  "image" : {
    "@type" : "ImageObject",
    "height" : 711,
    "url" : "https://cdn2.hubspot.net/hubfs/3828687/Alacrita_April2019/Images/alacrita_how_we_can_help_valuations.jpg",
    "width" : 2000
  },
  "mainEntityOfPage" : "https://www.alacrita.com/case-studies/evaluating-pipeline-agreement-platform-tech-company",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Case Studies"
  }
}
```