analyze the Purinex‚ Inc. financing plan‚ which is related to determine the best financing alternative for the company in securing additional cash needed to establish a partnership with a large-capitalization pharmaceutical firm. Gilad Harpaz‚ Purinex’s chief financial officer believes a partnership deal could bring the company to execute its mission‚ developing drugs for the treatment of sepsis and diabetes. However‚ the problem facing Purinex is that—while there is a chance for Purinex to secure
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Case Study: Purinex‚ Inc. Introduction The case asks for evaluation of different financing options. Gilad Harpaz is Purinex’s CFO and he needs to determine which one from the three options provides lowest risk‚ highest company value‚ and short term cash for operations. Purinex is a biotechnological company that has 35 patents pending in pharmaceutical field. It is one of the raising stars that may develop new drug for specific use in diabetes and sepsis. Company has 14 employees. Monthly burden
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I. CASE FACTS Purinex was a drug-discovery and -development company based in Syracuse‚ New York‚ that sought to commercialize therapeutic compounds based on its purine drug-development platform. Purine was a naturally occurring molecule that played an important role in numerous biochemical processes. Purinex had developed a process for creating small molecules that acted as selected agonists (activators) or antagonists (blockers) for specific purine receptors in the cell membrane. Purinex’s goal
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Executive Summary Purinex is a drug discovery and development company based in Syracuse‚ New York. The company sought to commercialize therapeutic compounds based on Purine‚ which is useful in numerous biochemical processes and its intellectual portfolio of Purinex consists of more than 35 patents‚ pending and issued in the purine field. The company has a headcount of 14 and maintains a chemistry laboratory a few miles from its main office. The company’s target is to develop products that act
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Let’s begin with timidity. This trait needn’t have any thing to do with generosity‚ but if often plagues givers. Timidity is sthe opposite of assertiveness‚ which is easy to associate with takers: they know what they want‚ and they’re not shy about demanding it. For a giver‚ however‚ the goal of acting in others’ interests can make it difficult to assert one’s own. Managers can help the givers in their organizations tease the two concepts apart and learn techniques for appropriate self-advocacy that
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Warren Buffett 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically‚ what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Answer1: The increase in the stock price of Scottish Power plc and Berkshire Hathaway indicate a market approval for the acquisition and created value for both buyers and sellers. Answer2: a
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Founders goal for Purinex is to maintain the firm’s viability as a strategic acquisition target or as a possible IPO candidate and if the firm wants to become IPO candidate‚ it means that the firm has to retain some of its core intellectual properties. Purinex’s vision is to be a leader in pharmaceutical in the industry that its business can save and improve patients’ lives involving in the whole process of discovering‚ developing and commercializing purine receptors. Purinex‚ with 14 employees
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Course Materials: Case Studies in Finance: Managing for Corporate Value Creation‚ 7/e Robert F. Bruner‚ Kenneth M. Eades‚ Michael J. Schill‚ Darden School of Business‚ University of Virginia ISBN: 007786171x Copyright year: 2014 Course Overview: This course stresses the application of finance theory and methods to real business situations. Students will study problems of financial planning‚ capital structure‚ cost of capital‚ capital investment decisions‚ and corporate acquisitions
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