DID YOU KNOW?
- Biotechnology, pharmaceutical, and medical device companies are prime candidates for valuable federal and state R&D tax credits.
- Many of the drug & product development and process improvement activities performed by biotechnology companies may qualify for sizable federal and state R&D tax credits.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
BIOTECHNOLOGY MANUFACTURING CASE STUDY
BIOTECHNOLOGY MANUFACTURING QUALIFYING ACTIVITIES
Product Design & Testing
Process Design & Development
DRUG DEVELOPMENT QUALIFYING ACTIVITIES
Identification of Receptor Targets
Process Design & Validation