{"ok":true,"question":"what is rNPV","answer":"What is risk-adjusted NPV (rNPV) in biotech? Risk-adjusted net present value weights every projected cash flow by the probability that the program actually reaches market. An unadjusted NPV shows what an asset is worth if the science works; rNPV shows what it is worth today given that it might not. The gap between the two is the price of the development risk the company is carrying.","sources":[{"title":"What is risk-adjusted NPV (rNPV) in biotech?","path":"/answers","url":"https://longrangeadvisory.com/answers"}],"related":[{"title":"What is risk-adjusted NPV (rNPV) in biotech?","url":"https://longrangeadvisory.com/answers","excerpt":"What is risk-adjusted NPV (rNPV) in biotech? Risk-adjusted net present value weights every projected cash flow by the probability that the program actually reaches market. An unadjusted NPV shows what an asset is worth if the science wor…"}],"note":"Answers are extracted verbatim from published pages on this site."}