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At that point, assuming we like the way its coming together, we negotiate a pre-defined exit path for a possible investment: upon successful completion of XYZ clinical study, the Pharma will buyout the asset-centric entity in an upfront plus milestones type transaction.
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Projections from exit polls also take into account the consistency between exit poll results and pre-primary polls.
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For IPOs, their pre-money valuation is used as a proxy for exit value.
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"As of now, our financing needs are completely covered for this year, and we are starting a pre-financing for 2014 to guarantee we will be able to exit our adjustment program successfully, " he added.
WSJ: Good Omens But No Guarantees for Portugal
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From a pre-race downpour of rain on the Interlagos circuit in Sao Paulo, to the early exit of veteran David Coulthard and the effects of a drying track -- this race had it all.
CNN: Extraordinary F1: the final race in pictures
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They will monitor the pre-election period, will continue at the polling stations during the voting process, stay for exit polls and be present until the results are published.
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