While we provide a full range of back-office services — including bookkeeping, accounts receivable/payable, payroll, and taxes — many Life Science startups require more than just basic accounting support. They need access to senior-level financial leadership from professionals who have deep domain experience in the startup Life Science arena. A Fractional CFO that specializes in early to clinical stage Life Science companies offers distinct insights that are unique to the needs of Life Science startup leadership. Founders and their boards and advisors need every advantage. At BioMed Financial, we step into that role to help you make informed decisions, structure your business plan effectively and help bring clarity and focus to the critical to mission deliverables.
Every client is unique and has different needs and objectives, but one thing is constant. We understand the challenges you face. We don’t just budget and create financial strategies. We don’t just help you file your Form D’s and manage compliance with Blue Sky laws while figuring out your fundraising needs and roadmap. We don’t just help you structure and prepare fundraising and partnering discussions. We also know what it means to operate. We know what it means to budget and select the right pre-clinical and clinical CRO partner. We understand FDA interactions and feedback on clinical trial design. We have seen first hand the importance of site selection and realistic enrollment rates and assumptions for accurate budgeting. We know the math when deciding between a contract manufacturer or bringing production in house. Foreign versus domestic CMO? Let’s talk tariffs. We know the process and costs of setting up compliance with ISO13485:2016 and other ISO relevant standards. We know the significance of partnering with strategics and understanding realistic exit options and strategies. We understand the nuances of reimbursement, GPO/IDN impacts on pricing and revenue models and the different commercial strategies for launching into hospital systems versus ASC’s and OBL’s. Simply put, we speak your language and help you translate your ideas into executable and sellable strategies.
