Financial Models are a core decision instrument to make assumptions transparent, quantify risks and compare strategic options in a structured and consistent way.
Why this phase is critical
For companies and investors alike, this is the point at which it becomes clear whether financial projections are robust, comprehensible and capable of guiding decisions.
Company perspective
For companies, financial models are essential in order to:
- Map funding requirements and timelines realistically
- Understand the impact of strategic decisions on liquidity and value
- Compare different development and commercialization options
- Engage in well founded discussion with investors, partners and governance bodies
A sound model provides orientation and enables effective steering.
Investor perspective
For investors, financial models are a core review tool:
- Are assumptions consistent with development strategy, market logic and access considerations?
- How sensitive is value to clinical, regulatory and commercial risks?
- Where are the key value levers and potential breakpoints in value creation?
Investability does not arise from complexity, but from transparency and plausibility.
Typical risks and misjudgements
In practice, we frequently see:
- Models developed in isolation from development or market logic
- Overly optimistic revenue or timeline assumptions
- Missing sensitivities and scenarios
- Lack of transparency around key drivers and risks
- Models that cannot be explained or maintained
Such models quickly lose credibility, particularly in discussion with investors.
What Excellere delivers
Excellere develops financial models that are integrated, transparent and decision relevant. Our services include, among others:
- Development of integrated financial models across development, market and commercialization
- Translation of clinical and regulatory milestones into financial and cash flow logic
- Scenario and sensitivity analyses focused on key assumptions and risks
- Transparent representation of value drivers, cost structures and capital requirements
- Clear derivation of implications for financing, partnering or portfolio decisions
- Adaptation and further development of existing models
Our objective is to make financial models usable as a basis for decisions, not as a purely technical exercise.
Integration instead of isolated number logic
Our financial models are built on an integrated view of:
- Scientific and clinical development strategy
- Regulatory requirements and timelines
- Market, pricing and access logic
- Organizational feasibility
This ensures that financial projections remain coherent, explainable and connected to the underlying reality.
Added value for companies and investors
For companies
- Realistic planning of liquidity and capital requirements
- Stronger decision bases for development and commercialization options
- Greater confidence in investor discussions
- Transparent steering of complex programs
For investors
- Clear sensitivities and value drivers
- Better comparability of investment options
- Reduced information asymmetries
- Well founded bases for investment and portfolio decisions
How we work
Financial Modeling at Excellere is led by senior management and, depending on the question, complemented by our expert network. We work:
- Decision-oriented rather than model-driven
- Closely integrated with management, investors and finance teams
- Fully transparent in assumptions and methodology
- Without delegation to junior teams
Our ambition is to make financial models understandable, robust and practically usable.
When financial models are expected to support decisions
A good financial model does not answer every question, but it clearly shows which decisions lead to which financial consequences. Let us jointly assess how Excellere can support you in developing financial models as a foundation for well founder strategic and financial decisions.
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