Thirty years on one question: what is it worth?
I've spent my career on one question: what an asset is worth, when to partner it, and what terms to accept.
Founder Story
The methods that transformed decision-making inside big pharma never reached the companies that needed them most: emerging biotechs, where capital arrives in discrete events, where there's no in-house forecasting group, and where one partnering decision can determine the company's future.
Every engagement is led personally by Michael, supported by a hand-picked bench of senior life-sciences specialists assembled to fit the assignment.
In the years since, the firm has served more than 100 clients, from venture-backed startups to mid-cap public companies, across biotech, pharma, medical devices, and diagnostics.
What began at Strategic Decisions Group has evolved into a probability-adjusted valuation and deal-economics practice grounded in real transactions, not theory.
Founded in
2003
Rooted in
Menlo Park, CA
Values
Our principles guide every engagement
Evidence Over Assumption
Probability-adjusted analysis, not guesswork or gut feel.
Real Data Over Public Figures
Deal terms benchmarked against unredacted transactions.
Direct, Not Delegated
Michael leads every engagement personally, no junior handoffs.
Philosophy
We Make the Numbers Defensible
Most companies don't need another opinion, they need a number that holds up: to a board, to an investor, to the other side of the table.
Our approach pairs probability-adjusted analysis with real, unredacted deal data, so every recommendation is one you can defend, not just believe.
GLOBAL Clients
Trusted by leaders, from venture-backed startups to mid-cap public companies.
Out-Licensing Advisory
In-Licensing Advisory
Portfolio & Transaction Advisory
Strategic Advisory
Portfolio Prioritization
Corporate Strategy
Portfolio Prioritization
Portfolio Prioritization
Portfolio & Divestment Strategy
Transaction Advisory
Portfolio & Transaction Advisory
Valuation & Transaction Advisory
Questions & answers
Frequently
Asked Questions
How do I know which service is the best fit for my situation?
Most clients don't arrive asking for a service; they arrive with a decision. A partnering offer on the table. A portfolio that outruns the cash. A board that wants a number it can defend. Tell us what you're deciding and when, and we'll tell you what the work should be. If the answer is a two-week valuation rather than a three-month strategy engagement, we'll say so.