Reagent Development

Developing reagents for the medical, biotechnology, and pharmaceutical industries is a research-intensive process. Producing kits, antibodies, cell lines, fluorescent dyes, and many other tools is a process of trial and error. Companies that undertake this type of research and development (R&D) can offset some of their expenses through the R&D Tax Credit. 

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: 

• Customizing standard assays to improve functionality
• Developing a novel testing protocol that is not commercially available 
• Creating custom panels for sequencing targets and/or genomic content of interest (known cancer determinants, T-cell repertoire, etc.)
• Designing custom columns for bioseparation experiments
• Automating manufacturing processes to increase throughput or decrease costs
  

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

• Biochemists
• Bioinformaticists
• C-Suite
• Cell Culture Technicians
• Machine Learning Software Developers
• Postdoctoral Research Fellows
• Product Managers
• 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.