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A Decision Tree Valuation Of A Pharmaceutical Company With ...From The Product Sales Exceed The Cost Of Development. ¨ If This Does Not Occur, The Firm Can Shelve The Patent And Not Incur Any Further Costs. ¨ If I Is The Present Value Of The Costs Of Developing The Product, And V Is The Present Value Of The Expected Cashflows From Development, The Payoffs From Owning A Product Patent Can Be Written As: Feb 5th, 2024


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