Life sciences companies are the ultimate long-term entrepreneurial ventures, often making billion-dollar bets that may take 10 or 15 years to pay off. In the meantime, they need experienced guidance on cash flow management and tax issues. They also need specialized audit services to help them meet the expectations of lenders and investors.
CohnReznick's Life Sciences Practice helps biotech and life sciences firms from start-ups to established entities manage their resources and stay on top of financial issues. This allows them to focus on developing the therapies of the future. The audit, tax and business advisory issues we provide include:
- Tax planning: We have in-depth knowledge of the tax code as it applies to life sciences companies, experience with orphan drug and research and development tax credits and a reputation for successfully defending client tax positions.
- Licensing agreements: Licensing agreements can be essential sources of revenue and market validation for one party and a critical shortcut to further innovation for the other. We can help structure such agreements and then put systems in place to help ensure compliance.
- Key performance indicators: We can help improve the accuracy and timeliness of decision making by identifying and monitoring key performance indicators through customized management dashboards.