Dr. Carlos Velez

Business Development & Licensing Course For Pharma & Biotech

An Overview Course

With Dr Carlos Velez

Course Details

THE CONTENT

For many pharma companies, business development (BD) is the most important source of new products. Yet, too often, BD efforts underperform due to a lack of strategic alignment and limited understanding across the organisation of how the full licensing process works.

This course provides a clear and practical overview of the BD&L process in the pharma-biotech industry. By connecting the dots between strategy, process, and execution, it equips you with the essential foundation to understand the full BD&L process – from sourcing and evaluating opportunities to valuation, term sheets, and the fundamentals of negotiation – all within the context of pharma-biotech business development.

If you want to build the skills and confidence to actively contribute to successful BD&L activities, this course is the perfect investment!
 

Very nice overview of everything that is part of BD and Licensing! There is a variety of topics covered, and the teaching qualities of Carlos Velez were amazing. The organisation of the course was great.

Daiichi Sankyo Europe

Joris Komen, Senior Medical Manager New Products - The Netherlands - September 2025


THE EXPERT

Dr Carlos Velez is a seasoned expert in pharma and biotech business development and licensing.

  • Founder and Managing Partner of Lacerta Bio, an international consultancy specialising in in- and out-licensing of prescription and non-prescription product candidates and commercial products across multiple therapeutic areas and markets.

  • Over 10 years in senior business development roles at Penwest Pharmaceuticals, Lantic Therapeutics, Forest Labs, and Genencor (now Danisco).

  • Author of Partnering for Growth – Business Development and Licensing in Pharma and Biotech (2025), a comprehensive guide reflecting his extensive industry insights.

  • Highly experienced trainer and consultant who is consistently praised by participants for his excellent didactic approach and his ability to draw from his vast experience in business development and licensing.
     

To get a flavour of Carlos’ expertise and teaching style, watch this recent educational webinar: 


THE AUDIENCE & INTERACTIVE LEARNING FORMAT

This introductory course is designed for:

  • Mid- to senior-level executives in pharma and biotech companies with limited formal training in BD&L but whose role increasingly involves licensing activities.

  • Junior- to mid-level managers contributing to the BD&L process in the headquarters of midsize and large pharma companies (e.g. technology assessment, business intelligence) who need a better understanding of the full licensing process in a business development context.

  • Managers in local marketing organisations with responsibility for business development and licensing in national markets will also benefit, but they should be aware that the course content is geared towards international BD&L responsibilities.

Executives working in generics companies should be aware that the content of this course concentrates on licensing deals involving branded pharmaceuticals.
 

This course is very helpful for understanding the basics of BD, including calculations and the environment of out- and in-licensing. It’s a great first step into the world of BD for someone less familiar with the field, and it helps participants decide where to further develop their skills (financials, negotiation, etc.). The case study provides an excellent summary of the two days.

Roche

Carole Mainguet, External Collaboration Lead - Switzerland - September 2025

  1. The role of the BD&L function and partnering models for corporate growth.

  2. Key success factors and tips for the planning and execution of both the in- and out-licensing process.

  3. What you need to know about patents and intellectual property.

  4. Overview of forecasting and valuation tools, methods and approaches.

  5. Introduction to term sheets, negotiation, closing the deal and managing the alliance.

  6. Where and how AI can be used along the BD&L process.

 

This course offers a broad introduction to all key aspects of the BD field. Highly recommended for anyone looking to develop their career in this area.

Reig Jofré

Xiaoyi Zhu, Business Development Manager (In-licensing) - Spain - June 2025

 

Day 1
Welcome & Audience Expectations (~30 min)
Introduction to Business Development in Pharma/Biotech (~1 h)
  • What is BD&L? Why does it exist?
  • Definition and uses of the fundamental partnering models:
    • The research or feasibility agreement
    • The licence agreement
    • Acquisitions
      • Of individual drug candidates or products
      • Of companies
    • Options
    • Commercial agreements
  • Trends and their importance
    • Licensing & investment trends
    • Treatment evolution
    • Implications
  • Implications & summary 
Out-Licensing: Planning and Execution (~1 h)
  • What is out-licensing strategy?
  • Planning and execution
    • Is this licensable?
    • List building
      • Categorisation of potential partners
      • Conference and non-conference approaches
    • Out-licensing presentations and messages
    • Follow-up and post-CDA process
  • What is success? What if we are not successful?
  • How can AI help in out-licensing?
    • Improve presentations
    • Characterise prospective partners
    • Conference tools 
Lunch Break
Workshop #1: AI-Assisted Out-Licensing (~45 min)
  • Participants use their LLM of choice to build an outline for an out-licensing presentation for a fictitious out-licensing candidate.
    • Focus on deck structure and message communication, not layout
  • In groups, the participants will compare and discuss the results:
    • Did different LLMs produce different results?
    • Did different prompts produce different results?
    • How can these decks be improved? 
In-Licensing: Planning & Execution (~1 h 15 min)
  • What is in-licensing strategy?
  • Gap analyses driving BD&L tactics
  • The BD thesis
  • Search and evaluation
  • Diligence challenges and pitfalls
  • What if we are not successful?
  • How can AI help in-licensing?
    • Scouting (commercial and custom tools)
    • Diligence 
Valuation of Drug Candidates – Part I (~1 h 45 min)  
  • What is valuation and why do we perform valuations?
    • Assessment tool
    • Negotiation tool
    • Comparison tool
  • Revenue forecasting
    • Epidemiology-based forecasting
    • Market approaches
    • Peak Year Sales considerations
      • Early versus late adopters
  • Expense forecasting 

 

Day 2
Day One Questions and Comments (~15 min)
Patents and Intellectual Property (~45 min)
  • What are patents and intellectual property?
  • What is a PCT?
  • Global, regional, and local patenting offices and procedures
  • Patenting process and strategy
  • Can AI assist with patenting? 
    • Patent drafting
    • FTO analysis
    • Caveats 
Valuation of Drug Candidates – Part II (~1 h 15 min) 
  • What is risk-adjusted cash flow?
  • What is risk?
    • PoS and LOA concepts
  • Transaction expenses (the licensee perspective)
  • Calculation of risk-adjusted Net Present Value
  • The pie
  • Project value to licensor
  • Can AI perform valuation?
    • Creating templates
    • Revenue forecasting
    • Development costs
    • rNPV modelling under different scenarios
    • Caveats
Workshop #2: AI-Assisted In-Licensing (~45 min)
  • Participants will use their LLM of choice to evaluate one of three fictitious in-licensing opportunities.
  • In groups, the participants will compare and discuss the results:
    • Did different LMs produce different results?
    • Did different prompts produce different results?
    • Do you agree with the LLM’s conclusions? 
Lunch Break
Term Sheets and Contracts (~1 h)
  • What is a term sheet? How does it differ from a contract?
  • Selected term sheet clauses and implications
  • From term sheet to contract 
Special Situations (~1 h)
  • Clawback
  • Sublicensing
  • Multi-indication deals
  • Co-development
  • Valuation of Pre-IND candidates
  • Can AI help analyse these complex situations?
    • Term sheet perspectives
    • Valuation perspectives 
Negotiation & Alliance Management (~45 min) 
  • Negotiation fundamentals
    • The BATNA
    • The ZOPA
    • Valuation modelling and negotiation
  • Moving from term sheets to contracts
  • Alliance management fundamentals 
    • Why is alliance management critical for licensing?
    • Platforms and tools
  • How can AI aid in negotiation?
    • Term sheets and contracts
    • Role playing 
Workshop #3 – AI-Assisted Licensing (~1 h)
  • Participants will be on the in-licensing or out-licensing side of a proposed transaction. Licensees and licensors may use any LLMs or other tools to analyse their perspectives.
  • In groups, the participants will discuss the case study. 
Q&A and Closing (~15 min)

 

Download Brochure

 

Complete the form below to download the course brochure and discover the full agenda, what you will learn, who you will learn from, and what past participants have to say.

 

UPCOMING DATES & FORMATS - FEES

11-12 June 2026

Live online

Early bird € 2 670

(until 08/05/2026)

(Full fee € 2 870)

1-2 October 2026

Brussels

Early bird € 2 970

(until 14/08/2026)

(Full fee € 3 370)

10-11 December 2026

Live online

Early bird € 2 670

(until 06/11/2026)

(Full fee € 2 870)

 


TIMING & LOCATION

  • Live Online: Zoom sessions between 9 AM and 5 PM CET (Brussels, Amsterdam, Paris time).

  • Face-to-Face: Held at the Crowne Plaza Brussels Airport (Da Vincilaan 4, 1831 Brussels), between 9 AM and 5 PM CET. Preferential hotel rates available for participants.

All practical details will be shared upon registration. For any questions, please contact Margherita Mutto or call +32 472 03 11 38 .

 

SPECIAL OFFER FOR BIOTECH EXECUTIVES

Executives from biotech start-ups (companies that do not have products on the market yet) and academia can apply for a € 400 discount. Please email Annelies Swaan for more details.  

 

GROUP DISCOUNTS

Team discounts can be offered to 2 or more delegates from the same company.

Email Annelies Swaan for more details. 

 

HOW TO REGISTER

  • Click the green “Register” button on your preferred course session.
    The registration wizard will guide you through the process.

  • Alternatively, download the offline registration form and send the completed form to Annelies Swaan.

 

PAYMENT OPTIONS

  • Credit Card: You’ll receive a secure payment link with your invoice (no immediate payment required).

  • Bank Transfer: Details provided with your invoice.

For help with registration, email Annelies Swaan or contact her by phone at +32 486 98 52 49.

 

INCLUDED IN THE REGISTRATION FEE

For live online courses:

  • Access to a highly interactive, small-group online course (max 20 participants)

  • Course materials in both digital and hard copy format

  • Certificate of attendance signed by the experts and CELforPharma
     

For face-to-face courses:

  • Access to a highly interactive, small-group course (max 20 participants)

  • Course materials in both digital and hard copy format

  • Certificate of attendance signed by the experts and CELforPharma

  • Opportunities for networking and informal discussions during coffee/tea breaks and lunch

  • A group dinner in a nearby restaurant on the evening of day 1

 

VAT INFORMATION

Prices exclude VAT. VAT application depends on course format and your location:

  • Face-to-Face in Belgium: 21% Belgian VAT applies

  • Live online courses: The applicable VAT depends on your invoicing address. Contact your local VAT office for refund procedures where applicable.

 

TRANSFER & CANCELLATION POLICY

Flexible Transfer

If a registrant is unable to attend the scheduled course, they can avoid any cancellation charges by providing a suitable replacement participant.

Alternatively, the registrant may transfer once, on a 'space-available' basis and at no extra cost, to another course of the same value held within one year of the original course date, provided this is done at least three weeks prior to the event.

Registration Cancellation

  • Less than 14 days prior to the course date: The registrant is liable to pay the full invoiced registration fee.

  • Between 15 and 30 days prior to the course date: The registrant is liable to pay 50% of the invoiced registration fee.

  • More than 30 days prior to the course date: The registrant is liable to pay a cancellation fee of € 450 per registrant.

If a registrant postpones their participation to a future course and subsequently cancels again, no refund will be issued for the registration fees.
 

The Business Development & Licensing Course provided a valuable, structured approach to running BD tasks effectively. The exchange with participants from different backgrounds and with different interests enhanced the discussions and resulted in valuable takeaways for future daily assessment tasks. I also appreciated the overview of useful tools in this context and the perspective on AI. Many thanks, Carlos!

Daiichi Sankyo

Andrea Bilgeri, Director Market Access - Germany - March 2026

A great experience attending the Business Development & Licensing Course. It was a valuable opportunity to take a step back and reflect on how to approach BD activities in a more structured and strategic way. The exchange with professionals from different backgrounds made the discussions especially enriching and brought practical ideas to apply in our day-to-day work. Thank you, Carlos, for such an engaging course!

Medichem

Helena Huguet, Business Development Manager - Spain - March 2026

Dr Carlos Velez is a very good and experienced teacher who provides great examples and a clear structure for focusing on business development. I would highly recommend this course!

LTS Lohmann Therapie-Systeme

Christine Lohmann, Business Development Europe - Germany - March 2026

If you are interested in discovering or learning more about licensing, I recommend attending the CELforPharma Business Development & Licensing Course. It is led by an experienced and pragmatic trainer in a relaxed and interactive atmosphere.

OXB

Alain Rachon, Senior Director Business Development & Licensing - France - March 2026

Great course with a clear overview of the business development and licensing process. Recommended if you need to learn the basics.

Chiesi

Giorgia Iegiani, Competitive Intelligence Specialist - Italy - March 2026

A very helpful course for taking your first steps into BD. Carlos is an expert in the field and shares great tips and tricks.

Etherna Immunotherapies

Bram Bogaert, Business Development Manager - Belgium - March 2026

A very good training to get an overall overview of BD & Licensing. The trainer is highly skilled and clear in their explanations, and brings substantial practical experience. The overall organisation is very good.

Servier

Zakia Felloussi, External Opportunities Director, R&D - France - December 2025

I thoroughly enjoyed the BD&L Course for Pharma & Biotech. The course was engaging and comprehensive, covering a wide range of essential topics in business development and licensing. It was enriched with practical case studies that brought real-world insights to the material. I highly recommend this course to anyone involved in BD&L activities, whether you are just starting your career or already have a solid background in the field and are looking to structure and deepen your existing knowledge.

JJP Biologics

Sandra Szydlowska, Head of Business Development - Poland - December 2025

This course is very helpful for understanding the basics of BD, including calculations and the environment of out- and in-licensing. It’s a great first step into the world of BD for someone less familiar with the field, and it helps participants decide where to further develop their skills (financials, negotiation, etc.). The case study provides an excellent summary of the two days.

Roche

Carole Mainguet, External Collaboration Lead - Switzerland - September 2025

Very nice overview of everything that is part of BD and Licensing! There is a variety of topics covered, and the teaching qualities of Carlos Velez were amazing. The organisation of the course was great.

Daiichi Sankyo Europe

Joris Komen, Senior Medical Manager New Products - The Netherlands - September 2025

Dr Carlos Velez is an incredible teacher who explains complex topics with clarity and deep expertise. This course delivers unmatched value: the content, tools, and sources are worth far more than the price. But what makes it truly exceptional is how Carlos shares not only knowledge, but the insights of a lifelong career in Business Development, straight from the heart. These pearls of wisdom can't be found in textbooks and offer the kind of learning that shapes careers. Thank you for an outstanding experience.

CEE Services

David Marmaros, CEO - Hungary - June 2025

Attending the 2-day Business Development and Licensing course was an incredibly enriching experience. The sessions were thoughtfully structured, and the quality of discussions was exceptional throughout. The facilitators created an engaging environment that encouraged active participation and real-world application.

3D Matrix Europe

Sharanya Sankar, R&D and Business Development Manager - France - June 2025

This course offers a broad introduction to all key aspects of the BD field. Highly recommended for anyone looking to develop their career in this area.

Reig Jofré

Xiaoyi Zhu, Business Development Manager (In-licensing) - Spain - June 2025

This two-day Business Development and Licensing course was an incredibly enriching experience. Dr Carlos Velez is an excellent teacher who explains complex topics with both clarity and depth. The course offers strong value: the content, tools, and references are thoughtfully selected and highly practical. What makes it stand out is Carlos’s ability to share not just academic knowledge, but practical insights drawn from years of real-world experience. His perspective adds meaning and relevance that go beyond standard materials. A truly worthwhile learning experience.

Inventprise

Olivier Brun, Sr Director Global Access Strategies & General Manager Switzerland - Switzerland - June 2025

The course covered a broad range of topics within the Business Development and Licensing world, making it highly valuable. Carlos is an eloquent speaker, and CELforPharma is helpful and supportive.

Tecnimede

Alexandre Sousa Coelho, Junior In-licensing and Business Development Manager - Portugal - March 2025

An outstanding course with excellent organisation and a very experienced teacher. Well worth attending to gain valuable insights into many aspects of Business Development & Licensing. Highly recommended, regardless of your level of experience.

Syva

Alfonso Martín-Fontecha, Business Development Technical Manager - Spain - March 2025

A great, hands-on Business Development course.

Gergely Vertes, Biotech Launch Lead - Rare Disease Expert - Belgium - March 2025

Very informative course for professionals entering the BD market. The trainer is obviously vastly experienced in this sector and managed to transfer a lot of knowledge to the participants.

Viatris

Zafeirios Anagnostopoulos, Senior Medical Manager Business Development - Europe - December 2024

It was a great course with good interaction! I have learned tools, specific terms, and some financial aspects. My company is more oriented on CPALs, ..., active ingredients, and not so much pills anymore, so I am a bit far from pre-clinicals and phases, but that was in the name of the course and still good to explore. Thank you!

Expanscience Laboratories

Sacha Marsollier, Business Development Project Manager - France - September 2024

Carlos Velez is a great speaker and very didactical!

Exeltis

Julia Redondo, Open Innovation Manager - Spain - June 2024

This course gave a complete overview of all BD aspects. Carlos' own experience, examples and practical tips really added to this learning experience and the tools & processes shared (e.g. pitch deck, follow up, etc.) were also valuable. Thank you very much for two engaging and insightful days!

Zealand Pharma

Dino Bertani, Vice President, Head of Alliance Management - Denmark - March 2024

Excellent course covering the fundamentals of in- and out-licensing for pharma and biotech. Highly recommended to anyone involved with licensing in biotech.

Debiopharm

Blaise Calpe, Evaluation Manager Oncology - Switzerland - March 2024

Very valuable course with great content, good speaker and great organisation.

Neuvasq

Isabel Vogel, Senior Scientist/Alliance Manager - Belgium - March 2024

I enjoyed this dynamic and comprehensive introduction to BD&L for Pharma and Biotech. I strongly recommend this course for anyone who is looking for an overview of the in- and out-licensing process.

Boehringer Ingelheim

Hervé Poulet, Strategic Partnerships Senior Director - France - November 2023

Carlos is a great speaker, sharing knowledge & experience in a dynamic and pleasant manner, even in a live online format.

Valneva

Henri Pierre, Global Brand Director - France - November 2023

The "Business Development & Licensing Course For Pharma & Biotech" has been an excellent opportunity for me to benchmark my technical skills with other relevant professionals, to get new insights on the topic and, at a glance, to improve the way I do my job and the value I can bring to the company.

Molteni Farma

Rodolfo Perriccioli, Business Development & Alliance Management - Italy - November 2023

Really interesting course with a valuable expert. The organisation by the CELforPharma team was very nice. 

Horus Pharma

Camille Guerin, R&D Director & Interim Qualified Person - France - September 2023

For pharmaceutical executives who don't work directly in BD&L, this is probably the best course to learn the basics and much more in this field.

Daiichi Sankyo

Dan Ionescu, VP, Head of Value and Access Specialty Medicines EU - Germany - September 2023

Valuable course for BD&L professionals and people who want to understand this perspective of the industry.

Alkaloid

Viktorija Pavlovikj, Out Licensing Specialist - North Macedonia - September 2023

As a CELforPharma faculty member, Dr Carlos Velez regularly shares his practical knowledge and industry experience through articles, insights and webinars. 

Browse a selection below that relates to the themes of this course:
 

People attending this course are typically also interested in the below courses. 

Need help to find the right course? Email Inge Cornelis or call +32 473 65 15 77.

Do you want to upskill your team?

We can organise this training in-company (face-to-face or live online) and customise it to your specific focus and needs.

Fill in the below form and Inge Cornelis will contact you with further information.
 

Course Details

Dates & Locations

11-12 June 2026

Live online

Register

1-2 October 2026

Brussels

Register

10-11 December 2026

Live online

Register

Special offer for biotech start-ups & academia: Apply for a € 400 discount. Contact Annelies Swaan for more details.

Upcoming Session

11-12 June 2026, Live online

Early bird € 2 670

(until 08/05/2026)

 (Full fee € 2 870)

Prices are excl. VAT

THE CONTENT

For many pharma companies, business development (BD) is the most important source of new products. Yet, too often, BD efforts underperform due to a lack of strategic alignment and limited understanding across the organisation of how the full licensing process works.

This course provides a clear and practical overview of the BD&L process in the pharma-biotech industry. By connecting the dots between strategy, process, and execution, it equips you with the essential foundation to understand the full BD&L process – from sourcing and evaluating opportunities to valuation, term sheets, and the fundamentals of negotiation – all within the context of pharma-biotech business development.

If you want to build the skills and confidence to actively contribute to successful BD&L activities, this course is the perfect investment!
 

Very nice overview of everything that is part of BD and Licensing! There is a variety of topics covered, and the teaching qualities of Carlos Velez were amazing. The organisation of the course was great.

Daiichi Sankyo Europe

Joris Komen, Senior Medical Manager New Products - The Netherlands - September 2025


THE EXPERT

Dr Carlos Velez is a seasoned expert in pharma and biotech business development and licensing.

  • Founder and Managing Partner of Lacerta Bio, an international consultancy specialising in in- and out-licensing of prescription and non-prescription product candidates and commercial products across multiple therapeutic areas and markets.

  • Over 10 years in senior business development roles at Penwest Pharmaceuticals, Lantic Therapeutics, Forest Labs, and Genencor (now Danisco).

  • Author of Partnering for Growth – Business Development and Licensing in Pharma and Biotech (2025), a comprehensive guide reflecting his extensive industry insights.

  • Highly experienced trainer and consultant who is consistently praised by participants for his excellent didactic approach and his ability to draw from his vast experience in business development and licensing.
     

To get a flavour of Carlos’ expertise and teaching style, watch this recent educational webinar: 


THE AUDIENCE & INTERACTIVE LEARNING FORMAT

This introductory course is designed for:

  • Mid- to senior-level executives in pharma and biotech companies with limited formal training in BD&L but whose role increasingly involves licensing activities.

  • Junior- to mid-level managers contributing to the BD&L process in the headquarters of midsize and large pharma companies (e.g. technology assessment, business intelligence) who need a better understanding of the full licensing process in a business development context.

  • Managers in local marketing organisations with responsibility for business development and licensing in national markets will also benefit, but they should be aware that the course content is geared towards international BD&L responsibilities.

Executives working in generics companies should be aware that the content of this course concentrates on licensing deals involving branded pharmaceuticals.
 

This course is very helpful for understanding the basics of BD, including calculations and the environment of out- and in-licensing. It’s a great first step into the world of BD for someone less familiar with the field, and it helps participants decide where to further develop their skills (financials, negotiation, etc.). The case study provides an excellent summary of the two days.

Roche

Carole Mainguet, External Collaboration Lead - Switzerland - September 2025

  1. The role of the BD&L function and partnering models for corporate growth.

  2. Key success factors and tips for the planning and execution of both the in- and out-licensing process.

  3. What you need to know about patents and intellectual property.

  4. Overview of forecasting and valuation tools, methods and approaches.

  5. Introduction to term sheets, negotiation, closing the deal and managing the alliance.

  6. Where and how AI can be used along the BD&L process.

 

This course offers a broad introduction to all key aspects of the BD field. Highly recommended for anyone looking to develop their career in this area.

Reig Jofré

Xiaoyi Zhu, Business Development Manager (In-licensing) - Spain - June 2025

 

Day 1
Welcome & Audience Expectations (~30 min)
Introduction to Business Development in Pharma/Biotech (~1 h)
  • What is BD&L? Why does it exist?
  • Definition and uses of the fundamental partnering models:
    • The research or feasibility agreement
    • The licence agreement
    • Acquisitions
      • Of individual drug candidates or products
      • Of companies
    • Options
    • Commercial agreements
  • Trends and their importance
    • Licensing & investment trends
    • Treatment evolution
    • Implications
  • Implications & summary 
Out-Licensing: Planning and Execution (~1 h)
  • What is out-licensing strategy?
  • Planning and execution
    • Is this licensable?
    • List building
      • Categorisation of potential partners
      • Conference and non-conference approaches
    • Out-licensing presentations and messages
    • Follow-up and post-CDA process
  • What is success? What if we are not successful?
  • How can AI help in out-licensing?
    • Improve presentations
    • Characterise prospective partners
    • Conference tools 
Lunch Break
Workshop #1: AI-Assisted Out-Licensing (~45 min)
  • Participants use their LLM of choice to build an outline for an out-licensing presentation for a fictitious out-licensing candidate.
    • Focus on deck structure and message communication, not layout
  • In groups, the participants will compare and discuss the results:
    • Did different LLMs produce different results?
    • Did different prompts produce different results?
    • How can these decks be improved? 
In-Licensing: Planning & Execution (~1 h 15 min)
  • What is in-licensing strategy?
  • Gap analyses driving BD&L tactics
  • The BD thesis
  • Search and evaluation
  • Diligence challenges and pitfalls
  • What if we are not successful?
  • How can AI help in-licensing?
    • Scouting (commercial and custom tools)
    • Diligence 
Valuation of Drug Candidates – Part I (~1 h 45 min)  
  • What is valuation and why do we perform valuations?
    • Assessment tool
    • Negotiation tool
    • Comparison tool
  • Revenue forecasting
    • Epidemiology-based forecasting
    • Market approaches
    • Peak Year Sales considerations
      • Early versus late adopters
  • Expense forecasting 

 

Day 2
Day One Questions and Comments (~15 min)
Patents and Intellectual Property (~45 min)
  • What are patents and intellectual property?
  • What is a PCT?
  • Global, regional, and local patenting offices and procedures
  • Patenting process and strategy
  • Can AI assist with patenting? 
    • Patent drafting
    • FTO analysis
    • Caveats 
Valuation of Drug Candidates – Part II (~1 h 15 min) 
  • What is risk-adjusted cash flow?
  • What is risk?
    • PoS and LOA concepts
  • Transaction expenses (the licensee perspective)
  • Calculation of risk-adjusted Net Present Value
  • The pie
  • Project value to licensor
  • Can AI perform valuation?
    • Creating templates
    • Revenue forecasting
    • Development costs
    • rNPV modelling under different scenarios
    • Caveats
Workshop #2: AI-Assisted In-Licensing (~45 min)
  • Participants will use their LLM of choice to evaluate one of three fictitious in-licensing opportunities.
  • In groups, the participants will compare and discuss the results:
    • Did different LMs produce different results?
    • Did different prompts produce different results?
    • Do you agree with the LLM’s conclusions? 
Lunch Break
Term Sheets and Contracts (~1 h)
  • What is a term sheet? How does it differ from a contract?
  • Selected term sheet clauses and implications
  • From term sheet to contract 
Special Situations (~1 h)
  • Clawback
  • Sublicensing
  • Multi-indication deals
  • Co-development
  • Valuation of Pre-IND candidates
  • Can AI help analyse these complex situations?
    • Term sheet perspectives
    • Valuation perspectives 
Negotiation & Alliance Management (~45 min) 
  • Negotiation fundamentals
    • The BATNA
    • The ZOPA
    • Valuation modelling and negotiation
  • Moving from term sheets to contracts
  • Alliance management fundamentals 
    • Why is alliance management critical for licensing?
    • Platforms and tools
  • How can AI aid in negotiation?
    • Term sheets and contracts
    • Role playing 
Workshop #3 – AI-Assisted Licensing (~1 h)
  • Participants will be on the in-licensing or out-licensing side of a proposed transaction. Licensees and licensors may use any LLMs or other tools to analyse their perspectives.
  • In groups, the participants will discuss the case study. 
Q&A and Closing (~15 min)

 

Download Brochure

 

Complete the form below to download the course brochure and discover the full agenda, what you will learn, who you will learn from, and what past participants have to say.

 

UPCOMING DATES & FORMATS - FEES

11-12 June 2026

Live online

Early bird € 2 670

(until 08/05/2026)

(Full fee € 2 870)

1-2 October 2026

Brussels

Early bird € 2 970

(until 14/08/2026)

(Full fee € 3 370)

10-11 December 2026

Live online

Early bird € 2 670

(until 06/11/2026)

(Full fee € 2 870)

 


TIMING & LOCATION

  • Live Online: Zoom sessions between 9 AM and 5 PM CET (Brussels, Amsterdam, Paris time).

  • Face-to-Face: Held at the Crowne Plaza Brussels Airport (Da Vincilaan 4, 1831 Brussels), between 9 AM and 5 PM CET. Preferential hotel rates available for participants.

All practical details will be shared upon registration. For any questions, please contact Margherita Mutto or call +32 472 03 11 38 .

 

SPECIAL OFFER FOR BIOTECH EXECUTIVES

Executives from biotech start-ups (companies that do not have products on the market yet) and academia can apply for a € 400 discount. Please email Annelies Swaan for more details.  

 

GROUP DISCOUNTS

Team discounts can be offered to 2 or more delegates from the same company.

Email Annelies Swaan for more details. 

 

HOW TO REGISTER

  • Click the green “Register” button on your preferred course session.
    The registration wizard will guide you through the process.

  • Alternatively, download the offline registration form and send the completed form to Annelies Swaan.

 

PAYMENT OPTIONS

  • Credit Card: You’ll receive a secure payment link with your invoice (no immediate payment required).

  • Bank Transfer: Details provided with your invoice.

For help with registration, email Annelies Swaan or contact her by phone at +32 486 98 52 49.

 

INCLUDED IN THE REGISTRATION FEE

For live online courses:

  • Access to a highly interactive, small-group online course (max 20 participants)

  • Course materials in both digital and hard copy format

  • Certificate of attendance signed by the experts and CELforPharma
     

For face-to-face courses:

  • Access to a highly interactive, small-group course (max 20 participants)

  • Course materials in both digital and hard copy format

  • Certificate of attendance signed by the experts and CELforPharma

  • Opportunities for networking and informal discussions during coffee/tea breaks and lunch

  • A group dinner in a nearby restaurant on the evening of day 1

 

VAT INFORMATION

Prices exclude VAT. VAT application depends on course format and your location:

  • Face-to-Face in Belgium: 21% Belgian VAT applies

  • Live online courses: The applicable VAT depends on your invoicing address. Contact your local VAT office for refund procedures where applicable.

 

TRANSFER & CANCELLATION POLICY

Flexible Transfer

If a registrant is unable to attend the scheduled course, they can avoid any cancellation charges by providing a suitable replacement participant.

Alternatively, the registrant may transfer once, on a 'space-available' basis and at no extra cost, to another course of the same value held within one year of the original course date, provided this is done at least three weeks prior to the event.

Registration Cancellation

  • Less than 14 days prior to the course date: The registrant is liable to pay the full invoiced registration fee.

  • Between 15 and 30 days prior to the course date: The registrant is liable to pay 50% of the invoiced registration fee.

  • More than 30 days prior to the course date: The registrant is liable to pay a cancellation fee of € 450 per registrant.

If a registrant postpones their participation to a future course and subsequently cancels again, no refund will be issued for the registration fees.
 

The Business Development & Licensing Course provided a valuable, structured approach to running BD tasks effectively. The exchange with participants from different backgrounds and with different interests enhanced the discussions and resulted in valuable takeaways for future daily assessment tasks. I also appreciated the overview of useful tools in this context and the perspective on AI. Many thanks, Carlos!

Daiichi Sankyo

Andrea Bilgeri, Director Market Access - Germany - March 2026

A great experience attending the Business Development & Licensing Course. It was a valuable opportunity to take a step back and reflect on how to approach BD activities in a more structured and strategic way. The exchange with professionals from different backgrounds made the discussions especially enriching and brought practical ideas to apply in our day-to-day work. Thank you, Carlos, for such an engaging course!

Medichem

Helena Huguet, Business Development Manager - Spain - March 2026

Dr Carlos Velez is a very good and experienced teacher who provides great examples and a clear structure for focusing on business development. I would highly recommend this course!

LTS Lohmann Therapie-Systeme

Christine Lohmann, Business Development Europe - Germany - March 2026

If you are interested in discovering or learning more about licensing, I recommend attending the CELforPharma Business Development & Licensing Course. It is led by an experienced and pragmatic trainer in a relaxed and interactive atmosphere.

OXB

Alain Rachon, Senior Director Business Development & Licensing - France - March 2026

Great course with a clear overview of the business development and licensing process. Recommended if you need to learn the basics.

Chiesi

Giorgia Iegiani, Competitive Intelligence Specialist - Italy - March 2026

A very helpful course for taking your first steps into BD. Carlos is an expert in the field and shares great tips and tricks.

Etherna Immunotherapies

Bram Bogaert, Business Development Manager - Belgium - March 2026

A very good training to get an overall overview of BD & Licensing. The trainer is highly skilled and clear in their explanations, and brings substantial practical experience. The overall organisation is very good.

Servier

Zakia Felloussi, External Opportunities Director, R&D - France - December 2025

I thoroughly enjoyed the BD&L Course for Pharma & Biotech. The course was engaging and comprehensive, covering a wide range of essential topics in business development and licensing. It was enriched with practical case studies that brought real-world insights to the material. I highly recommend this course to anyone involved in BD&L activities, whether you are just starting your career or already have a solid background in the field and are looking to structure and deepen your existing knowledge.

JJP Biologics

Sandra Szydlowska, Head of Business Development - Poland - December 2025

This course is very helpful for understanding the basics of BD, including calculations and the environment of out- and in-licensing. It’s a great first step into the world of BD for someone less familiar with the field, and it helps participants decide where to further develop their skills (financials, negotiation, etc.). The case study provides an excellent summary of the two days.

Roche

Carole Mainguet, External Collaboration Lead - Switzerland - September 2025

Very nice overview of everything that is part of BD and Licensing! There is a variety of topics covered, and the teaching qualities of Carlos Velez were amazing. The organisation of the course was great.

Daiichi Sankyo Europe

Joris Komen, Senior Medical Manager New Products - The Netherlands - September 2025

Dr Carlos Velez is an incredible teacher who explains complex topics with clarity and deep expertise. This course delivers unmatched value: the content, tools, and sources are worth far more than the price. But what makes it truly exceptional is how Carlos shares not only knowledge, but the insights of a lifelong career in Business Development, straight from the heart. These pearls of wisdom can't be found in textbooks and offer the kind of learning that shapes careers. Thank you for an outstanding experience.

CEE Services

David Marmaros, CEO - Hungary - June 2025

Attending the 2-day Business Development and Licensing course was an incredibly enriching experience. The sessions were thoughtfully structured, and the quality of discussions was exceptional throughout. The facilitators created an engaging environment that encouraged active participation and real-world application.

3D Matrix Europe

Sharanya Sankar, R&D and Business Development Manager - France - June 2025

This course offers a broad introduction to all key aspects of the BD field. Highly recommended for anyone looking to develop their career in this area.

Reig Jofré

Xiaoyi Zhu, Business Development Manager (In-licensing) - Spain - June 2025

This two-day Business Development and Licensing course was an incredibly enriching experience. Dr Carlos Velez is an excellent teacher who explains complex topics with both clarity and depth. The course offers strong value: the content, tools, and references are thoughtfully selected and highly practical. What makes it stand out is Carlos’s ability to share not just academic knowledge, but practical insights drawn from years of real-world experience. His perspective adds meaning and relevance that go beyond standard materials. A truly worthwhile learning experience.

Inventprise

Olivier Brun, Sr Director Global Access Strategies & General Manager Switzerland - Switzerland - June 2025

The course covered a broad range of topics within the Business Development and Licensing world, making it highly valuable. Carlos is an eloquent speaker, and CELforPharma is helpful and supportive.

Tecnimede

Alexandre Sousa Coelho, Junior In-licensing and Business Development Manager - Portugal - March 2025

An outstanding course with excellent organisation and a very experienced teacher. Well worth attending to gain valuable insights into many aspects of Business Development & Licensing. Highly recommended, regardless of your level of experience.

Syva

Alfonso Martín-Fontecha, Business Development Technical Manager - Spain - March 2025

A great, hands-on Business Development course.

Gergely Vertes, Biotech Launch Lead - Rare Disease Expert - Belgium - March 2025

Very informative course for professionals entering the BD market. The trainer is obviously vastly experienced in this sector and managed to transfer a lot of knowledge to the participants.

Viatris

Zafeirios Anagnostopoulos, Senior Medical Manager Business Development - Europe - December 2024

It was a great course with good interaction! I have learned tools, specific terms, and some financial aspects. My company is more oriented on CPALs, ..., active ingredients, and not so much pills anymore, so I am a bit far from pre-clinicals and phases, but that was in the name of the course and still good to explore. Thank you!

Expanscience Laboratories

Sacha Marsollier, Business Development Project Manager - France - September 2024

Carlos Velez is a great speaker and very didactical!

Exeltis

Julia Redondo, Open Innovation Manager - Spain - June 2024

This course gave a complete overview of all BD aspects. Carlos' own experience, examples and practical tips really added to this learning experience and the tools & processes shared (e.g. pitch deck, follow up, etc.) were also valuable. Thank you very much for two engaging and insightful days!

Zealand Pharma

Dino Bertani, Vice President, Head of Alliance Management - Denmark - March 2024

Excellent course covering the fundamentals of in- and out-licensing for pharma and biotech. Highly recommended to anyone involved with licensing in biotech.

Debiopharm

Blaise Calpe, Evaluation Manager Oncology - Switzerland - March 2024

Very valuable course with great content, good speaker and great organisation.

Neuvasq

Isabel Vogel, Senior Scientist/Alliance Manager - Belgium - March 2024

I enjoyed this dynamic and comprehensive introduction to BD&L for Pharma and Biotech. I strongly recommend this course for anyone who is looking for an overview of the in- and out-licensing process.

Boehringer Ingelheim

Hervé Poulet, Strategic Partnerships Senior Director - France - November 2023

Carlos is a great speaker, sharing knowledge & experience in a dynamic and pleasant manner, even in a live online format.

Valneva

Henri Pierre, Global Brand Director - France - November 2023

The "Business Development & Licensing Course For Pharma & Biotech" has been an excellent opportunity for me to benchmark my technical skills with other relevant professionals, to get new insights on the topic and, at a glance, to improve the way I do my job and the value I can bring to the company.

Molteni Farma

Rodolfo Perriccioli, Business Development & Alliance Management - Italy - November 2023

Really interesting course with a valuable expert. The organisation by the CELforPharma team was very nice. 

Horus Pharma

Camille Guerin, R&D Director & Interim Qualified Person - France - September 2023

For pharmaceutical executives who don't work directly in BD&L, this is probably the best course to learn the basics and much more in this field.

Daiichi Sankyo

Dan Ionescu, VP, Head of Value and Access Specialty Medicines EU - Germany - September 2023

Valuable course for BD&L professionals and people who want to understand this perspective of the industry.

Alkaloid

Viktorija Pavlovikj, Out Licensing Specialist - North Macedonia - September 2023

As a CELforPharma faculty member, Dr Carlos Velez regularly shares his practical knowledge and industry experience through articles, insights and webinars. 

Browse a selection below that relates to the themes of this course:
 

Do you want to upskill your team?

We can organise this training in-company (face-to-face or live online) and customise it to your specific focus and needs.

Fill in the below form and Inge Cornelis will contact you with further information.
 

Dates & Locations

11-12 June 2026

Live online

Register

1-2 October 2026

Brussels

Register

10-11 December 2026

Live online

Register

Special offer for biotech start-ups & academia: Apply for a € 400 discount. Contact Annelies Swaan for more details.