The Best Way to Learn About a Company
How can you learn about a company?
How do you understand a company’s financial health?
What is the leadership team’s experience?
Where do you find all of this information in ONE SPOT?
What is a 10-K???
The 10-K is required by public companies. It is an annual report that companies must file and make available to the public (and shareholders) that provides a detailed summary of the company’s business and financial condition.
The document may seem a bit overwhelming at first.
My advice is focus on 3 sections:
- Business Section – this section explains the nature of the business – for a biopharma company you can learn about the business strategy, areas of therapeutic focus, and technology.
- Financial Statements – (recognizing these may not be something you interpret every day) – I look for CASH – does the company have cash to allow the operations to continue?
- Directors, Executive Officers – this section helps you learn about the leadership of the company
Certainly you can find a lot of this information on a company’s website; however, the 10-K is a consolidated place where you can learn about a company efficiently!
Ready to make a career transition to pharma/biotech… want to explore a way to use your medical training and knowledge in a fulfilling way without nights and weekends call or charting. Watch this webinar on Getting Past the Three Major Hurdles to a Career in the Pharma Industry HERE.