Pharmaceutical Development / Reformulation

Many activities throughout the drug development process qualify as research and development (R&D). Discovering new drug targets and designing biologics and small molecules require extensive in vitro, pre-clinical, and clinical studies. The R&D Tax Credit can significantly offset these costs. 

Employee wages, raw materials & supplies, and third-party contractor costs associated with R&D activities are considered qualified research expenses (QREs). Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your business operates.

Example activities that qualify:

• Producing experimental qualification batches or clinical trial lots 
• Designing and implementing scale-up processes for manufacturing 
• Creating machine learning (artificial intelligence software) approaches to aid in drug development
• Conducting pharmacodynamic assays on an experimental compound
• Consolidating scientific data necessary for FDA or other regulatory agency approval
• Analyzing mechanisms of action, downstream effects, etc.
• Customizing standard assays to create new or improved protocols
  

Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?

• Analytical Scientists
• C-Suite
• Cell Culture Technicians
• Clinical Pharmacologists
• Contract Research Personnel
• Machine Learning Software Developers
• Pharmacometrics Managers
• Postdoctoral Research Fellows
• Research Scientists

Use our R&D Tax Calculator to estimate your potential benefit, and partner with Strike to claim your tax benefits with no up-front costs. Contact one of our experts today.