MICHAEL MROCHEN, PhD SCIENTIST · ENTREPRENEUR · STRATEGIC ADVISOR

Independent judgment
for high-stakes
ophthalmic decisions.

I help investors, boards and ophthalmic teams determine what the evidence supports, which risks matter and what to do next.

A short, non-confidential overview is enough to begin. No commitment required.

MICHAEL MROCHEN · SCIENCE, PEOPLE & PRACTICE15 seconds · Silent film
35documented patent families13documented distinctionsScience → useresearch, development and commercializationFounder · CEO · advisorexperience across ophthalmic innovation

JUDGMENT IN PRACTICE

Evidence matters.
So does what comes next.

These examples show the decision, my contribution, what the evidence established and what remained uncertain.

A SIMPLE START

From first context
to defined work.

Knowing what happens next reduces unnecessary friction—for both sides.

THE WORK BEHIND THE JUDGMENT

Published. Invented.
Shared. Recognized.

ONE DECISION MODEL

Evidence can change
the investment case.

Explore how resolving a material uncertainty changes risk-adjusted project value in a simplified example.

Explore all three interactive models
INTERACT / 03SCIENCE INTO VALUE

Which uncertainty could
change the investment case?

Evidence can change the estimated chance of success. Move the assumption to see its effect in this simplified example.

Illustrative risk-adjusted
project value
45m
€0€100m
Assumed probability of commercial success
10% · Higher risk90% · Lower risk

Change the assumed probability. The values of success and failure remain fixed.

Example only: €100m if successful and €0 if unsuccessful. This is a probability-weighted project illustration, not a company valuation.

Assumptions & valuation principle

This two-outcome illustration weights each assumed net present value by its probability. For example, a 45% chance of success gives 0.45 × €100m + 0.55 × €0 = €45m. Failure value is simplified to zero.

The outcome values are held fixed in today’s money, with costs and timing assumed to be included. The tool does not estimate evidence quality or infer a probability from a study. Real project values also depend on market opportunity, remaining costs and timing; company equity value additionally reflects financing and other assets and liabilities.

More research does not automatically increase value. New findings can raise or lower the estimated chance of success. No actual project, company or investment return is forecast.

Valuation principle: Aswath Damodaran, NYU Stern ↗

Which clinical, technical or adoption uncertainty should you test before committing more capital?

Explore the investor perspective ↗

BEYOND THE LABORATORY

Two wheels.
Two skis.
A different perspective.

Away from the laboratory and the boardroom, I enjoy riding my BMW R 1200 R and skiing. Both give me a good reason to step away from a screen, spend time outdoors and enjoy the view. There is a person behind the publications—and I do occasionally close the laptop.