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Expert Financial Support for Biotech Companies

Partner with a team that understands the unique challenges biotech companies face and can give you the financial insight you need.

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Expert Financial Support for Biotech Companies

Partner with a team that understands the unique challenges biotech companies face and can give you the financial insight you need.

television

The Complex Financial Landscape of Biotech Companies

Biotech companies operate in a complex and dynamic environment where accounting and financial management are simply different. Unlike other industries, biotech companies face long research and development cycles, often with lean back-office teams, making it essential to maximize operational efficiencies and streamline processes. Furthermore, these companies are subject to specific regulations and compliance requirements, with outside investors and venture capital playing a significant role.

Our team of experts understands the complex and often unpredictable nature of the industry and can provide the financial insight and support you need to succeed. Whether you are developing new pharmaceuticals, medical equipment, or gene therapies, we can provide a complete suite of accounting, finance, and tax services to help you streamline your processes and increase operational efficiencies. By partnering with Scrubbed, biotech companies can benefit from the flexibility, scalability, and cost-effectiveness of outsourcing, and focus on their core business of advancing scientific innovation.

The Complex Financial Landscape of Biotech Companies

Biotech companies operate in a complex and dynamic environment where accounting and financial management are simply different. Unlike other industries, biotech companies face long research and development cycles, often with lean back-office teams, making it essential to maximize operational efficiencies and streamline processes. Furthermore, these companies are subject to specific regulations and compliance requirements, with outside investors and venture capital playing a significant role.

Our team of experts understands the complex and often unpredictable nature of the industry and can provide the financial insight and support you need to succeed. Whether you are developing new pharmaceuticals, medical equipment, or gene therapies, we can provide a complete suite of accounting, finance, and tax services to help you streamline your processes and increase operational efficiencies. By partnering with Scrubbed, biotech companies can benefit from the flexibility, scalability, and cost-effectiveness of outsourcing, and focus on their core business of advancing scientific innovation.

Streamline Operations, Stay
Compliant, and Build for the
Future with Scrubbed

biotech icons

At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.

 

Streamline Operations, Stay
Compliant, and Build for the
Future with Scrubbed

At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.

 

Streamline Operations, Stay Compliant, and Build for the Future with Scrubbed

At Scrubbed, we have specialized knowledge and experience helping biotech companies with the accounting and financial services they need to run efficiently and meet the compliance requirements specific to your industry. Whether you have a CFO that needs support or prefer to outsource your entire accounting and finance department, we have the team in place to deliver the reporting and advice you require to make informed business decisions.

 
Depending on the stage and needs of your business, we can provide the following services:

Financial Accounting

Taxation

Corporate Finance

Risk Advisory

Technical Accounting

check iconAnalyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9

check iconAnalyze lease contracts analysis in accordance with ASC 842/IFRS 16

check iconAssist in adoption of other complex emerging standards

check iconConduct an audit readiness program – planning, execution, and completion

check iconFacilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)

check iconConduct an IPO readiness program

check iconAccount and report impact of significant unusual transactions

check icon

Support in transaction structure, including contract consultancy (acquisitions and readiness)

ESG

check iconAssess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.

check iconAccount and report ESG-related assets and transactions.

check icon

Establish ESG policies and procedures in compliance with sustainability standards.

Exceptional
Talent,
Everytime

Taxation

  • Research and development tax credit planning
  • Planning for and preparation of federal, state, and local tax returns

Corporate Finance

  • Build and manage your budget
  • Raising and tracking capital investments
  • Preparing forecasts and projected statements of income and cash flow
  • Cost management and budget adjustment

Financial Accounting

  • New business planning and accounting system set-up
  • Manage day-to-day bookkeeping and accounting
  • Preparing and compiling audit-ready financial statements
  • Grant/investment tracking and monitoring

Risk Advisory

  • Due diligence reviews of financials for acquisitions and consolidations
  • Internal Audit Co-Sourcing/Outsourcing
  • SOX Compliance Assessment/Preparedness Program
  • SOC Audit Preparedness
  • Cybersecurity Services

Technical Accounting Support

  • Technical Accounting Research and Consultation
  • Business Advisory
  • Adoption of Complex Emerging Standards
  • Financial Statement Preparation, Conversion, and/or Analysis
  • Financial Close and Audit Readiness Support
  • Financial Statement Conversion
  • Conducting an IPO readiness program

ESG Support

  • Sustainability Reporting
  • Risks and Opportunities Asssesments
  • Accounting and Reporting ESG related transactions
  • Stakeholder Engagement
  • Policy advisory and creation
  • Sustainability Training

Schedule Consultation with Scrubbed

Case Study: Rejuvenation Technologies Taps Scrubbed for Daily Accounting and Reporting

“Scrubbed matched up with everything Rejuvenation
Technologies was looking for in an outsourced accounting
partner,”
said Director of Finance and Administration Robin Holbrook.

biotech case study
biotech case study

Case Study: Rejuvenation Technologies Taps Scrubbed for Daily Accounting and Reporting

“Scrubbed matched up with everything Rejuvenation
Technologies was looking for in an outsourced accounting
partner,”
said Director of Finance and Administration Robin Holbrook.

Innovate with Confidence:
Outsource Your Financial Tasks to Scrubbed, Your Dedicated Partner in the Biotech Industry

We understand that staying on top of financial reporting and tax strategy is essential for your success, and we’re committed to creating operational efficiencies that will help your company thrive. We work with you to become a vital part of your team, adapting to your needs and providing the information you need to keep stakeholders confident in your work. And as you move from R&D to market, our experienced professionals can help you evolve and maximize your potential for success

laptop-on-stool updated

Innovate with Confidence:
Outsource Your Financial Tasks to Scrubbed, Your Dedicated Partner in the Biotech Industry

We understand that staying on top of financial reporting and tax strategy is essential for your success, and we’re committed to creating operational efficiencies that will help your company thrive. We work with you to become a vital part of your team, adapting to your needs and providing the information you need to keep stakeholders confident in your work. And as you move from R&D to market, our experienced professionals can help you evolve and maximize your potential for success

Blogs

Guides & Case Studies

Empowering Biotech Companies with Expert Financial Insights

The Leadership Team

Ready for Scrubbed to help?

Want to learn more? Let’s chat about how we can help by managing your day-to-day accounting needs, or taking on a larger financial management role, so you can continue to deliver on your mission-critical goals. 

Biotechnology Accounting
Ready for Scrubbed to help?

Want to learn more? Let’s chat about how we can help by managing your day-to-day accounting needs, or taking on a larger financial management role, so you can continue to deliver on your mission-critical goals.