A 2-Day Training Course Delivered By
Dr. Roger Cox

Dr. Roger Cox

  • Dr. Roger Cox has 30 years of licensing experience encompassing both big and small pharma/biotech companies.
  • Currently Regional Advisor for UK and Europe with Plexus Ventures, Roger was formerly Executive Director with J&J’s Global Pharma BD Group where he negotiated over 50 commercial licence agreements.

Learn

  1. The skill set required to successfully negotiate licence deals in the pharma-biotech world, to persuade and build consensus.
  2. What you need to prepare and check before starting a negotiation.
  3. The methods for determining value and spreadsheet financial modeling to improve negotiation outcomes.
  4. Practise negotiating skills in 4 interactive role plays featuring typical Pharma/Biotech licensing situations.
  5. The differences between integrative and distributive negotiation strategies and tools to improve leverage.
  6. The various types of licence agreements used in pharma-biotech, and methods to determine royalty rates and value sharing.

Additional Benefits

  • The role-plays include a variety of negotiation scenarios: Royalty negotiations, term sheet negotiations, etc.
  • To ensure you optimally benefit from the role play sessions with executives from a variety of backgrounds, we purposely limit the audience size to 10 max.

 

Why You Should Attend

The Content: Unlike other negotiation courses, this course is specifically tailored to negotiating commercial licensing deals for pharmaceuticals and related products in the Pharma and Biotech sectors.

The Expert: Roger Cox is an industry veteran and highly regarded in pharma’s BD&L community. Roger’s profile is unique - his 30 years of licensing experience encompasses both big and small pharma/biotech companies as well as government organisations.

The Pharma Licensing Negotiation Course is the only available public training course delivered by Roger Cox on the topic of licensing negotiation.

Agenda of The Pharma Licensing Negotiation Course

The below agenda is for the face-to-face format. The online version of this course will cover the same modules, but the content and format will be adapted to suit the online training setting. 

Timing of the online course on both days will be: 

  • AM: 10-12 CET
  • PM: 13-16 CET
     

Day 1

 

10:00

Welcome

10:30

Introduction - Negotiation Skills

 

  • The 7 master-level negotiation skills for Pharma and Biotech and how to develop them
  • Networking, opportunity identification, deal initiation and managing deal flow
11:30Coffee Break

11:45

Preparing to Negotiate

 
  • Check lists, term sheets and value drivers
  • Financial models and net present value (NPV)
  • Risk adjusted NPV allocation and decision tree analysis
  • Headline Deal Value
  • Influence of goal setting on negotiation outcome
  • Better negotiation
13:00Lunch

13:45

Advantages and Pitfalls of Different Negotiation Tools

 
  • The traded concession
  • The give-away paradox
  • Bundling the not-so-good
  • Using deal breakers & challenging them
  • Expanding choice to get a good result
  • Using timing & time to your advantage

14:15

Role Play 1 – Preparing to Negotiate

 
  • Role play exercise: involving the Licensing Director of a pharmaceutical company seeking to license a drug delivery technology for a new chemical entity from a smaller biotech company
  • Discussion and learnings

15:00

Negotiation Styles, Presentation Skills and Developing Leverage


 
  • Negotiating styles – responses and risks styles
  • Presentation skills and body-language
  • Leadership and using your team
  • Developing negotiation leverage
  • Bargaining and bluffing
15:45Coffee Break

16:00

Face-to-Face Negotiations

 
  • Delivering the message: how – who – when
  • Managing difficult items and bad news
  • Anchoring and managing expectations
  • Dealing from strength and dealing from weakness
  • Trading and bargaining

16:30

Role Play 2 – Term Sheet Assumptions

 
  • Bargaining term sheets - preparation, content and negotiation
  • Internal team meeting to agree and input assumptions for spreadsheet and NPV share calculations

18:00

End of Day 1

 

Group Dinner

 

Day 2

 

08:30

Licences, Royalties and Milestones

 

  • Licences and freedom to operate
  • Value sharing, benchmarking and other royalty calculation methods
  • Licence fees and milestones
  • Option payments
  • Unexpected consequences
10:00Coffee Break

10:30

Role Play 3 – Royalty Negotiations

 

  • Role play exercise: meeting to decide strategy and terms to resolve potential infringement of a third party’s Intellectual Property Rights

11:15

Structured Negotiation

 
  • Bringing it all together – Rules for a stepwise approach using negotiation tools and financial models to negotiate agreements based on reasonable shared values

11:30

Role Play 4 – Term Sheet Negotiation

 
  • Role-play exercise: involving two teams negotiating a term sheet covering a licence and manufacturing agreement between a biotech company with a new chemical entity in clinical development and a biopharmaceutical company seeking world-wide rights
13:00

Lunch (continuing group discussion)

13:45

Term Sheet Presentations, Feedback & Learnings

 
  • Analysis of term sheet negotiations
  • Where was the value captured?
  • Identification of value drivers which could have improved outcome
  • Learnings for future negotiations

14:30

Critical Success Factors in Contract Negotiation

 
  • Defining performance and value protection
  • Determining appropriate sanctions
  • Meaning and Interpretation
  • Closure
  • Cross-cultural negotiations and considerations
15:15Coffee break

15:30

Course Learnings and Conclusions

16:00

Closing

>> Click here if you wish to receive the PDF brochure of this course

Learning Methodology

Successfully developing negotiating skills requires practice in real negotiations. Four interactive negotiation sessions are included in the programme as examples of the type of negotiation situation that can arise in Pharma/Biotech licensing. Course participants will be briefed to assume roles as Licensing Executives in pharmaceutical /biotech companies who are engaged in:

  • Negotiation on licences for drug delivery technologies.
  • Internal negotiations to prepare term sheet proposals for regional/global product licences.
  • Licence negotiations to avoid infringement of third party intellectual property rights
  • Negotiation with third parties for regional/global licences for the clinical development, manufacture and marketing of finished pharmaceutical products where royalties, milestones will be negotiated and NPVs and valuation splits determined.

The exercises include opening contacts and negotiations with third parties, working with colleagues, working with ‘your opposite number’ to solve joint problems and team negotiations with third parties on detailed term sheets. The outcome of the negotiation exercises will be quantified so that participants can benchmark progress in their own personal development as a negotiator.

The course is designed for pharmaceutical licensing professionals who want to hone their skills and improve their negotiation performance to deliver improved value and mitigate risk. Group discussion sessions are also included at the end of each day to address and review questions arising from any part of the 2-day course. Course participants will be provided with copies of the presentations for their own use.

 

One of the most valuable aspects of attending any CELforPharma course is not only being able to have your specific questions answered by a leading expert, but also having the opportunity to share experiences and have in-depth discussions with your international peers.

infoThe maximum audience size of this course is 10 participants.

Who Should Attend?

This practical Pharma/Biotech negotiation course is designed for:

  • Business development and licensing executives wishing to improve their negotiation skills.
  • All other executives working in the Pharma/Biotech sector who are involved in the negotiation process for the licensing or acquisition of pharmaceutical and other healthcare products.

 

Past Participants

Below is a non-exhaustive list of past participants who have benefited from attending this course.

 

Job Title

Company

Country

Strategic Development ManagerAbbottRussian Federation
Business Development ManagerAbbottRussian Federation
Manager In-Licensing InternationalActavisBulgaria
Portfolio Director International CEE/CISActavisSerbia
Associate M&A and Corporate DevelopmentAlmirallSpain
Licensing In Manager CEEAngeliniAustria
General ManagerChugaiGermany
EMEA Director, Market DevelopmentEisaiUnited Kingdom
Global Business DevelopmentFerringUSA
Vice President Oncology Portfolio & MarketingFresenius KabiGermany
Head of R&D LicensingGaldermaFrance
VP, Head of Corporate LicensingGruenenthalGermany
Senior Project Leader (Interventional Oncology)GuerbetFrance
Director Life Cycle Management EMEAJanssenSwitzerland
Senior Director, Head of R&D Quality & Compliance Business DevelopmentJohnson & JohnsonNetherlands
Country Manager MoroccoLEO PharmaMorocco
Senior Manager Business DevelopmentMorphosysGermany
Market Research Manager / Corporate BDOnxeoFrance
Financial Controller / HR / ITProstrakanGermany
Business Development OfficerRatiopharmFinland
Vice President CHC Strategy and Business DevelopmentSanofiFrance
Business Develpment ManagerSanofiItaly
Business Development DirectorServierRussian Federation
Business Development ManagerServierRussian Federation
Pharmacien Business Development ManagerServierRussian Federation
VP, Business Development and New Product PlanningShionogiUnited Kingdom
Project Coordinator and Business Intelligence ManagerTakedaSwitzerland
Senior Alliance ManagerTillotts PharmaSwitzerland
Senior Director, Neurosciences PartneringUCBBelgium
Business Development & Project ManagerVifor PharmaSwitzerland
Business Development & LicensingZambonItaly

 

Testimonials

Dates & Locations

All CELforPharma courses are held in top-class four or five star hotels situated in easily accessible locations, either close to an international airport or near public transportation links in city centre locations.
 
  • 30 November - 1 December 2020, live online

CELforPharma online courses are hosted in Zoom and make use of various interactive platforms. A course coordinator is available for technical support.
 

  • 17-18 May 2021, Zurich

This course takes place at the Hilton Zurich Airport Hotel which is located just five minutes from Zurich Kloten Airport with the complimentary shuttle. Zurich’s vibrant city centre is located only a fifteen minutes’ drive away.

hilton_zurich.jpg

Address: Hohenbuehlstrasse 10, Opfikon-Glattbrugg 8152, Switzerland
Tel: +41 44 828 50 50
 

  • 14-15 October 2021, London

Hotel to be confirmed
 

  • 6-7 December 2021, Brussels

This course takes place at the Courtyard Marriott Brussels Hotel which is located 15 minutes from Brussels National Airport by complimentary hotel shuttle or taxi and 30 minutes by taxi from Brussels South train station (Thalys, TGV, Eurostar). 

courtyard_photo_website.jpg

Address: Avenue des Olympiades 6, 1140 Brussels, Belgium
Tel: +32 2 337 08 08
 

Hotel Booking Assistance

Having built a strong relationship with each hotel, CELforPharma has secured preferential room rates for our delegates who book their accommodation three weeks or more prior to the course. Upon your registration, we will help you make your hotel booking. For any assistance in this matter please do not hesitate to contact Sarah Nissen, Senior Programme Coordinator (sarah.nissen@celforpharma.com, tel +32 (0)2 709 01 46).

Included in the Registration Fee for the online course​

  • Access to an expert led course in real-time, using an interactive platform for break-out rooms, whiteboard exercises, polling, plenary discussions and chats
  • Course material, which will be provided to you in both digital format (by email) and in hard copy (by post, so you can make notes during the course)
  • Certificate of attendance signed by the expert and CELforPharma
  • Flexible transfer option

 

Included in the Registration Fee​ for the face-to-face course

  • Course Material (Digital & Print Versions)
  • Coffee, Tea & Refreshments During the Course
  • Lunch During the Course
  • A Group Dinner on the First Day
  • Certificate of Attendance Signed by the Expert
  • Flexible Transfer Option
  • Optimal Safety: Small Groups (16 max) and Spacious Seating

Special Offer for Biotech Executives

Executives from biotech start-ups (companies that do not have products on the market yet) and academia can attend the face-to-face course for € 2 070 (excl. VAT). Please contact Inge Cornelis, Director Commercial Communications, (inge.cornelis@celforpharma.com) for more details.

 

Group Discounts

Team discounts can be offered to 3 or more delegates from the same company.
Contact Inge Cornelis, Director Commercial Communications, (inge.cornelis@celforpharma.com) for more details.

 

How to Register

  1. Click the "Register Here" button on this page.
  2. Choose a course date, then fill out your personal details and company / invoicing details.
  3. Choose to pay via bank transfer or by credit card.
  4. Click "Confirm Registration". You will be sent an automatic email confirming your registration followed by a personal email containing an invoice and further payment instructions.

For assistance in registering, raising a PO or invoicing, please do not hesitate to contact Kealeigh Steel.
(email: kealeigh.steel@celforpharma.com or call: +32 2 709 01 45)

 

Transfer & Cancellation Policy

Flexible Transfer

  • If a registrant cannot attend the scheduled course, he/she can avoid any cancellation charge by sending a suitable replacement participant.
  • Alternatively, the registrant can transfer once at no extra cost, until 3 weeks prior to the event, to another course held before 31 December 2021.

Participant Cancellation

  • Up to 6 weeks prior to the course: cancellation fee of € 400 per participant.
  • Up to 5 weeks prior to the course: 25% of the invoiced registration fee.
  • Up to 4 weeks prior to the course: 50% of the invoiced registration fee.
  • Up to 3 weeks prior to the course: 75% of the invoiced registration fee.
  • Fewer than 3 weeks or if no notification received: registrant liable to pay invoiced registration fee.
  • If a registrant postpones his/her participation to a future course, and cancels again, no refund can be claimed for registration fees.

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