From start ups, university spin outs and CRO’s to international groups, Kreston Reeves is a leading adviser to the Life Science industry.
The Life Science industry in the UK
The UK Life Science industry is a world leading high tech industry that is vital to Britain’s future economy. It is a strong driver of economic growth and provides highly skilled employment.
The pharmaceutical industry is the biggest sector investor in R&D in the UK accounting for 25% of total investment by business, valued at £3.5bn.
But the central business model of pharmaceutical companies is changing. Companies can no longer go it alone relying on blockbuster drugs and high returns, so they need a new model: more virtual, more partnering orientated and more collaborative with all of the stakeholders.
Our specialist Life Sciences team brings together experienced professionals to help you achieve your potential whilst adapting to this new business model.
Leading the drive to create a European life sciences network - BioGateway
Kreston Reeves is proud to be one of the founding partners, alongside Pfizer and Locate in Kent, of the UK’s newest Life Science Network, BioGateway. To read more about BioGateway, please follow the link to the website http://www.thebiogateway.org/
BioGateway’s aim is to build Europe’s most complete life science network and to create an environment which will stimulate and enhance evolution and success. Its promise is to support the growth of BioGateway members through the active interface with like-minded Life Science Networks, companies, associations and institutes and by building on Kent’s unique gateway into Europe.
Other members of BioGateway include: Algacytes Limited, Tetrad Discovery Limited, Brachers LLP, East Malling Research Services Limited, Biovue Management Services Limited, Genea (UK) Limited
Our specialists expertise includes:
As specialists in the Biotech industry, we understand the challenges faced by Biotech organisations. To enable them to focus on the technology and route to market, we offer an expert support service covering:-
- Fundraising (grant, equity or loans)
- Outsourced accountancy, bookkeeping and payroll services
- Growth and exit planning
- Business and cash flow forecasting
- Tax and VAT planning and compliance
- Research & Development tax credits
- Patent Box tax reliefs
- Audit and assurance services
- Employee share schemes
Our extensive experience working with biotech companies gives us an expert understanding of the opportunities, risks and challenges.
Pharmaceutical companies face great changes to the industry with patent expiry, new products and services, evolving regulations and process enhancements.
We understand the need to advise on a wide range of issues that affect the industry, including:
- Return audits: MHRA
- International: cross border compliance
- Trade financing: import loans, letters of credit and trading credit
- Product liability: regulatory non-compliance
- Joint venture and alliance: advice on avoiding and resolving disputes
- VAT registration and general advisory: compliance and administration
From venture capital funding to product launches and global expansions, we are able to assist medical technology organisations navigate through their business cycle.