Case Study 5: Biotech Company

Company Overview:

A biotech company developing groundbreaking therapies using gene editing and personalized medicine approaches.

Challenge:

The biotech company was engaged in the development of gene-editing tools and treatments for rare diseases. They needed to push the boundaries of scientific research and technology to create effective therapies and ensure safety and efficacy.

R&D Activities

  • Gene Editing Research:
    The company was heavily involved in CRISPR-based research to target genetic diseases at the molecular level.
  • Biomanufacturing Processes:
    They worked on scaling up production methods to produce gene-edited cells and biologics for clinical trials.
  • Drug Development:
    The company conducted various trials to test the efficacy of its gene-editing therapies and improve manufacturing processes.

Eligibility for R&D Tax Credit:

  • The gene-editing research, testing, and development of new biomanufacturing processes were eligible for the R&D Tax Credit. The labor of scientists and engineers involved in the research, as well as the materials and equipment used in testing, could be claimed under the credit.

Result:

The biotech company received substantial tax relief, enabling them to reinvest in further clinical development, regulatory approval processes, and manufacturing capabilities to bring their therapies to market.

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