a biotechnology investment club/ study
for students, fellows and
Everyone in biomedical science and medicine
will be forced to deal with biotechnology or big pharmaceutical
- We will work for them.
- We will compete with them.
- We will collaborate with them.
- We will depend on them for reagents.
- They support our research.
- Some of us will make money from them.
- Some of them will make money from our
- Our ability to treat patients will depend on
the drugs and devices that these companies produce.
- We will be asked about the latest news
releases at parties and gatherings of our relatives.
- Eventually, our health and the health of our
friends will depend on the progress they make.
We are in a unique position to understand
the scientific strategies, but we are often unprepared to evaluate
these companies as businesses or as places to develop our careers.
We believe that our investment club
provides and opportunity to have a great time studying these
companies and, occasionally, to invest in them.
Here is the general idea:
- We have formed Partnership of students,
fellows, and faculty.
- We meet for 90 minutes 10 evening a year (once
a month except for August and December).
- Individuals or small groups are studying
individual firms or 'clusters' of firms that are defined by common
approaches or similar financial conditions. These groups are
reporting back to the Partners in the club.
- We talk about the plans of individual
companies and decide if are likely to succeed.
- We follow the evolution of different types of
firms over time.
- We invite outside speakers to share their
knowledge with the group.
- We collect a contribution (from $25 to $100
per month) to be pooled in an investment fund and use the fund to
buy and sell stocks as the group sees fit. Partners are the owners
of the assets of the Club.
- We have set up a system that will allow
participants to cash outí when it is time for them to move on.
- We occasionally invite outside speakers to
discuss topics that are of interest to our group (e.g., patents,
the function of financial markets, the history and prospects of
specific companies, the way to evaluate a company, the role of the
- Hopefully we will continue to learn a lot,
have fun, develop an interesting group, and even make a little
If you are interested in joining Club Biomed
(i.e., becoming a Partner):
- You can attend one of our meetings (generally
the third Wednesday of the month, at 6:30, in E415).
- You can explore the Club Biomed Web
- To become a Partner, you will have to be
proposed by one of the current Partners and voted into the
partnership by the Partnership. We are always interested in
individuals who can add to Club Biomed!