Reference no: EM133358627
Case Study: You are the chief financial officer of ACME Labs, a privately held biotechnology company that needs to raise $3 million to fund the development of a new drug that could potentially cure COVID19. Obviously time is of the essence. Unfortunately, your board of directors consists of considerable skeptics who are less than eager to spend the money on such an endeavor. Your mission is to provide financing options for consideration and hopefully make the Research and Development funding attainable by providing valuable information. Think about history, credit, interest rates, marketing, and presentation needed when asking for money to finance your operation. You may use internet resources or additional research. Use citation, Works Cited page. As usual have an introduction that introduces your reader to the topic and assumes the reader is unfamiliar with the topic. Use the body to lay your foundation, make your points, state your opinion, include research, intertwine your material, and then wrap up your paper with a conclusion.
Questions:
1. The types of long-term financing available to the firm. Objective: Explain the types of long term financing you could seek out to fund your drug development.
2. What are the pros and cons of these financing options, consider payments, profit for your company as well as how this benefits those who lend your money.
3. The key factors to consider in choosing a financing strategy. Interest rates, payment plans, collateral, how your research can change lives if it can proceed given that you attain the financing needed.