Life sciences and pharmaceutical companies face a unique set of operational and financial challenges, from conducting clinical trials to bringing products to market to expanding operations—all within a complex regulatory environment. The road to success and overcoming these challenges begins with forging strong relationships with accounting, tax, and consulting professionals with industry-specific expertise.
Life Sciences & Pharmaceutical Companies
Who We Serve
Our Life Sciences Practice Group serves privately-owned companies from start-ups to large multinational and middle-market companies. We have collaborated with organizations focused on many areas, including:
- Generic drug manufacturers and distributors focused on injectables, pills, and capsules
- Branded pharmaceuticals, including FDA 505(b)(2) focused organizations
- Nutraceuticals
- Organizations focused on clinical research and research and development
- Biotechnology companies
Our Expertise
Having spent significant time helping our clients navigate the complex accounting and tax issues prevalent in the life sciences industry, our capabilities include:
- Calculation of gross to net sales and receivables, with hands-on experience with many aspects of the calculations including chargebacks, rebates, wholesaler fees, and group purchasing organizations
- Determining proper accounting and tax treatment for payments received under research and development milestone agreements
- Analyzing complex accounting treatment for joint ventures and collaboration agreements
- Helping companies claim research and development tax credits and other tax incentives
Our Services
Accounting & Tax
- Federal tax planning and consulting
- Audit and assurance
- Client accounting advisory services
- Selection and set up of accounting systems
- Tax structure of entities
- Tax compliance
- Transaction Processing
- Month-end gross to net accruals
- Basic month-end close procedures
Development
- Audit readiness
- Budgets and projections
- Financial modeling
- Financial reporting
- Internal controls and entity policies
- IT/Computer consulting
- Structure of employee compensation plans
Funding
- Bank financing
- Stock compensation and other equity compensation
- Capital structures
- Benefit plan services
- 83(b) election
- Private equity investment
Commercialization
- Chargebacks
- Revenue recognition
- Risk management
- Royalty and compliance services
International Expansion
- International tax planning
- Transfer pricing
- IFRS consulting
- Tax structuring
Exit Planning
- Merger and acquisition due diligence
- Transaction services
- Ownership transition planning
- Business valuations
- Qualified small business stock
- Preparation for IPO
Vinay Navani
Co-Practice Leader
Chris Frederick
Co-Practice Leader