ARTICLE | Strategy
The Clear Route
Commentary: The Clear Route
December 20, 1993 8:00 AM UTC
Since we started publishing nearly a year ago, events have led us to repeatedly analyze issues related to how companies build corporate value and how they can show investors a return on investment.
In the standard model, valuation starts out low and increases in a steepening curve as companies hit milestones, typically represented by different stages of preclinical and clinical development, that act as signals of diminishing risk...