Achieving success in the life sciences arena requires vision, a well-defined business plan, great execution, and lots of capital. Clinical trials and the wait for FDA approval can greatly extend the non-revenue period. Having the right team strengthens a life science company’s credibility and helps meet that next milestone on the long road to profitability or a key value inflection point. AMS provides seasoned accounting and financial professionals with significant experience in both private and public life sciences companies to help grow the business, improve valuations, and provide strong ROI for company stakeholders.
Capital efficiency matters. Keeping your finance and accounting department lean is a good way to stretch your funding and focus on the key value drivers of the business. AMS can help, whether through part-time resources on a long term basis, or for shorter term engagements, interim personnel for a project or as a bridge to a permanent hire. Life science companies -- we'll help you manage the business model, from funding, through pre-clinical and clinical trials, all the way to FDA approval, and ultimately to the sale of your product or drug. Services include:
• Rapid Diagnostics(TM) to find operating efficiencies and effectiveness (reducing costs)
• Audit preparation (both financial audits and those conducted by government agencies)
• Compliance reviews/implementation
• Staffing (interim and part time)
• Revenue recognition (particularly for long term joint development contracts)
• Cost report reviews and preparation
• Strategic realignment
• Key Performance Indicators (KPIs)
Who do we work with? CEOs, CFOs, CAOs, vice presidents of Finance, and corporate controllers at biotechs, medical device companies, diagnostics, bio-informatics, and instrumentation companies all need support in revenue recognition, equity accounting, operating efficiencies and effectiveness, audit preparation, allocation of costs for pre-clinical and clinical trials, and more.
Want more information? Read more about Dan Davis, Director, Life Sciences & Technology.
Also check out the case study that profiles the work we did for a Biotechnology Company.
Life sciences, bio-tech, medical devices -- we'll help you manage the business model, from funding, through testing and production.