Industries Served

Biotechnology

Biotechnology companies are strong candidates for government sponsored incentive programs such as the R&D Tax Credit. Capturing all potentially qualifying activities requires the exploration of multiple cost centers, not just the traditional R&D cost center. In many companies, successful formula development, process development, pilot batch production, scale-up processes, method development, and analytical testing of experimental or improved products involves extensive experimentation and testing to ensure product quality and process efficiency. In addition, many of the individuals involved in these research and development activities may not belong to the biological or chemical laboratory groups, and are often overlooked for purposes of the R&D tax credit. Examples of Biotechnology activities that present R&D tax credit opportunities include:
  • Development of new therapeutic drugs, compounds, or molecules used in synthesis experiments
  • Discovery and development of new methods for drug delivery
  • Development of biosimilars relating to advanced biologics, assays and testing protocols
  • Conducting clinical tests to satisfy government regulatory requirements prior to commercialization
  • Generation of pilot batches of new products for testing and validation
  • Design and development of new or improved scaled-up manufacturing processes
Businesses involved in Biotechnology are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

  • Industry : Biotechnology
  • Annual Revenue: $10-$25 Million
  • Employees: 25 - 50

R&D Tax Credits

  • Federal R&D Tax Credit: $402,077
  • State R&D Tax Credit: $53,883

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How Can Intrepid Advisors Help?

Intrepid Advisors has an experienced and practical approach for guiding our clients in the Biotechnology industry through the R&D tax credit process. Our team of specialized professionals go above and beyond to provide the peace of mind that comes with having a highly detailed study outlining all qualified research activities. We ensure each client is carefully analyzed as a candidate to receive the R&D tax credit. Intrepid Advisors’ engineering and financial teams are equipped with the educational background and knowledge to work with a multitude of industries.