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The life sciences industry operates in a fast-paced, dynamic environment that requires you to be continuously focused on your business operations. Pharmaceutical, biotech and medical device companies operate in a highly competitive market saturated with innovation, disruption and ever-changing regulatory standards. Every company’s needs differ based on their current life cycle stage or stage of product development. Having a trusted advisor who is always available to offer sound guidance and novel and effective solutions can make all the difference in your company’s growth and success.
Withum’s Life Sciences Services Team offers innovative advisory, accounting, audit and tax solutions to privately-owned companies, companies with venture capital, angel or private equity-backing as well as and publicly traded companies. Whether you are an early-stage high-growth startup or an established and growing mature company, pursuing an IPO, secondary offerings or are entering into an exit transaction, our life sciences accountants, tax specialists and business consultants offer solutions backed by our collective knowledge and experience in the life science space. Our goal is to give you the time you need to focus on your trade secrets, research and development, drive growth and provide unique value propositions within the market.

Life Sciences Industry Challenges and Trends

 

Consumer PreferencesR&D Tax Credit

For early-stage and development-stage companies, one of the largest expenses typically incurred are costs associated with research and development activities (R&D). When developing new products and ideas, opportunities may exist to reduce payroll tax liability by qualifying for a refundable R&D tax credit.

Our Solutions

ipo complianceIPO Compliance

Preparing for an IPO (initial public offering) is an enormous task for any company. Going public requires credible, audited financial statements under PCAOB guidelines that will comply with strict SEC regulations. Withum performs PCAOB audits and ensures financial reporting compliance for companies planning for an IPO.

Our Solutions

government regulationsData Analytics

Properly capturing and understanding company data, especially for early-stage companies, can be difficult without the right tools. Using data analytics and artificial intelligence (AI) can help you store, share, and analyze your data easily to make smarter decisions for your business.

Our Solutions

Economic ShiftsCyber and Information Security

Life sciences companies are a prime target for cyber crime due to the nature and structure of your business. By identifying areas of vulnerability in your IT infrastructure, you can better mitigate the risk of cyber threats by adopting effective cyber and information security strategies.

Our Solutions

InventoryOutsourced Accounting Systems and Services (OASyS)

The rapid growth of your life science company can often put a strain on internal finance and accounting operations. Outsourced accounting, finance and CFO services can create greater flexibility, compliance and cost savings in a scalable manner to support the growth of your business.

Our Solutions

 

Service at Every Stage of Development

Life Sciences Accounting and Tax Services

Life Sciences Advisory Services

Industry Involvement

Withum's Life Science Services Team is an active member of national and local centers of influence.

  • BioBreak Logo
  • BioNJ
  • life science pa logo
  • m2d2 logo
  • massbio
  • NJII logo
  • pact logo
  • techunited

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