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Expert Financial Support for Life Sciences and Biotechnology Companies

Partner with a team that understands the unique challenges life sciences and biotechnology companies face and can give you the financial insight you need.
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The Complex Financial Landscape of Life Sciences and Biotechnology Companies

Accounting for life sciences companies, along with their financial management, is complex and dynamic due to the nature of the industry. Unlike other industries, life sciences and biotechnology companies face long research and development cycles, often with lean back-office teams, making it essential to maximize operational efficiencies and streamline processes. Furthermore, biotechnology accounting has specific regulations and compliance requirements, with outside investors and venture capital playing a significant role.

Our team of experts understands the industry’s complex and often unpredictable nature 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 biotechnology accounting, finance, and tax services to help you streamline your processes and increase operational efficiencies. By partnering with Scrubbed, life sciences and biotechnology 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 leverage our specialized knowledge and experience to help life sciences and biotechnology companies with the accounting and financial services they need. We understand the complex compliance requirements specific to your industry and can help you run efficiently. Whether you have a CFO who needs support or prefers to outsource your entire biotechnology accounting and finance function, we have the team 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

  • 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

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

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

  • Create Technical Position Paper/White Paper Summary
  • Support in technical accounting under IFRS/US GAAP
  • Analyze revenue contracts in accordance with ASC 606/IFRS 15

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

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

ESG

  • Prepare sustainability reports and financial statements disclosures that meet sustainability standards (e.g., US ESG Proposals, ESRS, GRI, SASB, TCFD, etc.).
  • Through our GRI Certified Sustainability Professional, conduct comprehensive training on ESG and GRI principles to help companies demonstrate their commitment to sustainability, attract investors, and improve their corporate reputation.

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.

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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

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.

Download Case Study
biotech case study

Schedule Consultation with Scrubbed

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.

Download Case Study

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

Rizcel on laptop and stool - Scrubbed

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. As you move from R&D to market, our experienced professionals can help you evolve and maximize your potential for success.
"We love Scrubbed. It is definitely one of the best business decisions we've made lately. Scrubbed's people, process and technology make the usual complicated accounting* and financial reporting simple and easy."
Andrea Guendelman Co-Founder BeVisible

Empowering Life Sciences and Biotechnology Companies with Expert Financial Insights

Resources for Life Sciences and Biotechnology Companies

6 Videos

Blogs

Guides & Case Studies

The Leadership Team

Kevin Musni - Scrubbed Biotech

Kevin Musni

Kevin has more than 10 years of professional experience focusing on general and real estate accounting, budget and cash flow analyses, and financial modeling. His expertise is on business process optimization, systems migration, and developing reasonable business policies. He is adept at utilizing multiple reporting software and other SaaS interfaces. He currently manages a mixture of Real Estate and Biotechnology groups in Scrubbed. Prior to Scrubbed, he worked at the Fraud, Claims, and Disputes Unit of JPMorgan Chase & Co.

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 - Scrubbed
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. 

Jaguar Case Study - Scrubbed