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aa 2024 scientists testing new formula
INDUSTRY EXPERTISE

LIFE SCIENCES

SCOPE

Revolutionizing Healthcare

The life sciences industry is undergoing a transformative shift, with AI/ML adoption, personalized medicine, gene editing, and digital health driving innovation and improving patient outcomes while reducing costs.
of Drugs in Development Are Based on Biotechnology and Genetic Engineering
85 %+
of Drugs Currently in Development is a Biotechnology-Based Treatment
30 %+
of Global Biotech Companies Are Focused on Developing Cancer Treatments
58 %+
Global CRISPR Market is Expected to Reach $10 Billion+ by 2028
$ 10 B+

OUR EXPERTISE

Specialized Accounting Practices for Innovation Success
Our services in Life Sciences Accounting cover a range of financial needs, including financial statement preparation, cost accounting, grant and contract management, R&D expense tracking, and tax planning.
Financial Modeling for Product Development Stages

How are you managing financial risk in your product development pipeline? Life sciences companies often face high R&D costs and extended timelines before achieving profitability. Developing robust financial models that account for various product development stages—such as preclinical trials, clinical testing, and regulatory approvals—can help you better understand cash flow needs and mitigate risk. By aligning financial forecasting with your development milestones, companies can secure appropriate funding, manage investor expectations, and ensure financial sustainability throughout long and complex product lifecycles.

Tax Incentives for R&D in Life Sciences

Are you fully utilizing the R&D tax credits available to your business? Life sciences companies often invest heavily in research and development to innovate new therapies and medical devices, but many overlook available tax incentives. The federal and state governments offer substantial R&D tax credits that can offset some of these costs. A targeted advisory approach can help identify qualifying R&D expenditures, ensuring that you maximize available tax savings and reinvest those funds back into the business for further innovation and development.

Supply Chain Resilience and Financial Planning

How resilient is your supply chain to disruptions in the life sciences sector? Global supply chain challenges, from raw material shortages to geopolitical instability, can significantly impact production timelines and revenue. Life sciences companies must adopt sophisticated financial planning tools, including scenario-based forecasting and dynamic budgeting, to ensure they can respond quickly to supply chain disruptions. Integrated supply chain finance solutions can help manage working capital more effectively, while advanced risk management strategies ensure business continuity even when external factors threaten to destabilize operations.

Capital Structure for Biotech Startups

How are you optimizing your capital structure for growth in a high-risk environment? Biotech startups face unique financial challenges due to long product development timelines and high burn rates. Balancing equity financing, debt financing, and grants is crucial to sustaining operations while minimizing dilution for founders and early investors. A carefully crafted capital structure can help biotech companies attract investors, secure non-dilutive funding, and maintain financial flexibility during crucial development phases. Specialized financial advisors can guide startups in securing the right mix of capital while protecting long-term equity value.

Valuation of Intangible Assets in Biotech

How are you accurately valuing your intangible assets, such as patents or clinical data? In the life sciences industry, intellectual property (IP) plays a critical role in valuation, especially for biotech and pharmaceutical companies with a portfolio of patents, proprietary technologies, and clinical trial data. Ensuring proper accounting for these intangible assets is vital for financial reporting and attracting investment. Valuation specialists can apply the right methodologies to assess IP assets, ensuring that the value of these critical resources is accurately reflected in financial statements, helping secure funding, partnerships, or acquisitions.

Cost of Compliance in Clinical Trials

How are you managing the escalating costs of clinical trial compliance? Clinical trials are essential for life sciences companies, but they come with significant regulatory compliance costs. Manufacturers must ensure compliance with FDA regulations, international standards, and Good Clinical Practice (GCP) guidelines, all while keeping costs in check. Developing a comprehensive cost-tracking system that includes budgeting for regulatory and trial-related expenses, along with employing risk-based monitoring strategies, can help companies reduce financial strain while ensuring successful trials and regulatory approvals. Effective cost management and forecasting will protect margins and expedite time-to-market.

Healthcare Reimbursement Strategy

How robust is your reimbursement strategy for life sciences products? With an increasing focus on value-based care, life sciences companies must navigate complex reimbursement landscapes. Ensuring that new drugs, devices, or therapies are reimbursed adequately by health insurers requires strategic financial planning and market access insights. A well-defined reimbursement strategy that aligns with regulatory approvals and health economics can reduce delays and enhance product adoption. Working with reimbursement specialists and financial advisors can help optimize pricing strategies, improve cash flow, and ensure that life sciences products are financially viable in competitive healthcare markets.

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