Life sciences is an exciting sector with significant growth predicted from a combination of scientific advances, ageing populations and increased spending on health. The UK has a prominent role in the sector with an enviable track record in scientific discovery and innovation. Many small and mid-market UK businesses have gone on to achieve considerable global success in the life sciences sector.
But the sector is not without its challenges. Pricing pressures from healthcare providers, including the NHS; the costs of bringing new products to market; a move to value-based pricing; the impact of digital health; the use of data and the increasingly complex regulatory framework all contribute to the dynamic environment.
Our life sciences team incorporates specialists from a wide range of backgrounds with a strong understanding of the sector. The team includes former scientific researchers and advisors who focus exclusively on the sector.
We provide the full range of accountancy and business advice to a wide range of clients. We have particular strengths in providing corporate finance advice, helping clients create efficient tax structures including managing IP and providing outsourced business services so that clients can focus on seizing business opportunities quickly and effectively.
Our clients work in a variety of sectors including;
- Drug Discovery & Development
- Pharmaceutical Services
- Medical Technology, including Medical Devices and Diagnostics
Our strong international presence, as part of the BDO international network, means we can advise you wherever you are operating. We have offices in all major business and financial centres. We have helped many life sciences businesses expand into new territories and have particularly strong links with our US life sciences and healthcare team.