Biotechnology Equity Research

Wedbush Securities, Inc.

Mentors

Laura Chico, Ph.D., MD, Equity Research Analyst

About Us

Wedbush Securities is a privately-held investment firm based in Los Angeles, CA.  Within our Investment Banking and Capital Markets Group, the firm’s expertise concentrates on specific verticals, including healthcare and technology.  Our dedicated equity research life sciences team currently provides coverage across >100 publicly-traded biotechnology companies spanning from commercial-stage entities to pre-clinical/clinical-stage companies.

Externship Description

The externship introduces PhD candidates to our diligence process, which requires critical evaluation of scientific, clinical, regulatory and financial information.  Externs will work to examine a specific company with therapeutic development programs in progress and determine the attractiveness of the investment opportunity.  Each week, externs will present findings, interact with the mentor and work to develop a proposed investment thesis.  At the end of the quarter, the extern will present their findings, and pitch an investment idea to the Wedbush Life Sciences group.  The externship will also offer you an opportunity to learn more about equity research, our group and Wedbush as a whole.

Specific Objectives

Depending on alignment with skills/interests, the extern will work on one or more of the following projects:

• Analyze competitive landscape in certain therapeutic/clinical areas
• Constructing and updating financial models
• Complete company-specific diligence projects
• Create investment theses and potential pitch presentations

Qualifications

• Currently a PhD graduate student with a scientific background (preferably within the biological sciences)
• While the externship is unpaid, all applicants must be currently eligible for employment in the United States
• Strong work ethic and interest in learning more about equity research in the biotechnology industry
• Ability to work independently and multi-task, show initiative to find answers to questions, interpret and present data, and adapt to change
• Excellent communication, writing and time management skills

Your application must include a current CV and a cover letter describing why this internship is relevant to your career goals.