2012 Fiscal Year Final Research Report
Real Options Function for Survival of Biotech Start-ups in Commercializing Life Science Findings
| Project/Area Number |
21330090
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Business administration
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| Research Institution | Toyohashi University of Technology |
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Principal Investigator |
FUJIWARA Takao 豊橋技術科学大学, 大学院・工学研究科, 教授 (70173490)
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| Project Period (FY) |
2009 – 2012
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| Keywords | バイオベンチャー / リアルオプション / 生命科学の事業化 |
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| Research Abstract |
I studied decision-making models on the real options for biotech start-ups to survive in the death-valley(deficit-valley) and on the option-games for them to deal the strategic partnerships with large pharmaceutical companies, in the context of capital market after Lehman Shock in biotech industry, where science linkage is strong and start-ups are suitable for commercializing the life science findings. Especially I made proof of conceptual effectiveness in the timing option with jump-diffusion process at R&D, sequential compound switching option and stochastic optimization of license fee composite at strategic partnerships.
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[Presentation]2011
Author(s)
FUJIWARA, Takao
Organizer
PICMET 2011
Place of Presentation
Portland,OR,USA
Year and Date
2011-07-31
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