Life Sciences Industry

Biotechnology Companies Face Significant Challenges

As they seek to push the performance envelope and maintain continual innovation while operating within a strictly scrutinized regulatory environment. Armanino's deep experience in technology and biotech manufacturing gives us insight into industry best practices, allowing us to help companies maintain compliance, maximize available funds for R&D, minimize time to market and increase profits so they can grow their business and outperform global competition.

Our Approach

Designed to Avoid Disruption to Your Operations

Our experienced team of CPAs, former CFOs and industry operations and supply chain experts helps biotechnology companies find the smartest audit, tax, consulting and technology solutions for their operational and strategic needs. We help companies at all growth stages maximize their efficiency and build their business.

Audit

We can organize an efficient and cost-effective audit or review, ensuring that financial statements display accurate and meaningful results. Our services include:

  • Financial statement audits and reviews
  • Agreed-upon procedures
  • Equity accounting
  • Technical accounting guidance
  • SEC filings and disclosures
  • IFRS adoption/transition
  • Transfer pricing
  • SOX 404 compliance
  • Internal control evaluations for minimizing risk
  • Automation of revenue recognition
  • Internal project tracking for R&D
  • Enabling customer entitlement and product warranty/maintenance tracking
  • Automation of order-to-cash processes
  • Process re-engineering
  • Best practices for policies and procedures

Audit Services →


Tax

We have extensive experience with the complex tax issues that impact biotechnology companies in the United States and abroad. Our tax experts provide filing guidance and help clients address key concerns and identify strategic tax-planning opportunities. Our services include:

  • Tax provision consulting/FIN 48
  • International tax and transfer pricing
  • Tax compliance
  • State and local tax
  • Loan staffing
  • Stock option accounting (123R) and complex tax data analysis
  • Tax process design
  • R&D credit studies, implementations, reviews and updates
  • IRS audit support
  • Net operating loss limitation analysis (Section 382)
  • Mergers and acquisitions
  • Expatriate tax services
  • Intellectual property (IP) offshore planning for tax minimization

Tax Services →


Consulting

Your biotech business is already awash in data. It’s time to exploit it effectively. Armanino helps you achieve compliance and identify the right analytics to meet strategic business objectives with our ERP, CRM, business intelligence, equity management, and budgeting and forecasting solutions. We also recommend streamlined business processes to accelerate the development and monetization of new products and reduction of operational costs. Learn more about Armanino’s biotechnology industry consulting expertise.



Resources
How Private Biotech Companies Can Find Public Peers for Equity Valuations
Article
Biotech companies may need to take a nontraditional approach to build a compliant equity program.

June 15, 2021
Webinars
Webinar
Join in a panel discussion to discover how they forecasted and performed sensitivity analysis.

June 30, 2020 10:00 AM - 11:00 AM PST
Blog articles
Article
Like other industries, life sciences and biotechnology are experiencing significant disruption in the wake of COVID-19.

May 11, 2020
Need to Talk?

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