Biotech Values

[oldberkeley]

" Note that the author uses "fair value" and "market value" interchangeably..."

Grandpatb & Medchal-

Actually, the loan,appraisal and real estate industry uses as a standard the term "Fair Market Value": in an arm's length transaction what a willing buyer will give a willing seller at a given point in time. Many professionals shorten it to either "fair value" or "market value" and it's understood that the two are synonymous. However, I can see how this might be confusing!