Life Sciences

From start-ups to IPO, we help life science companies evaluate strategic business opportunities, navigate complex regulations, and mitigate risks.

Strategic Financial Solutions for Life Science Companies from Start-Up to Exit

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Accounting, Tax, and Advisory Services for the Life Sciences

AAFCPAs provides accounting, advisory, tax, and assurance services to emerging and growth-stage life science organizations. These companies and their investors depend on us to provide the industry insight needed at each stage of their growth story, from capital acquisition through initial public offering. Some of our many innovation-driven pharmaceutical, biotech, and medical device clients including NeuroMetrix, Inc., Prapela, Inc., Psyche Systems, Inc., SoniVie Inc., Medicem, Inc., Lab Shares Newton, LLC, and Totus Medicines.

Early-Stage Companies

Start-up and early-stage life science entrepreneurs and investors rely on AAFCPAs for comprehensive support tailored to their unique needs. This includes guidance on tax-efficient entity formation and selection, assistance with setting up cloud-based systems for accounting, bill payment, and payroll, and strategic tax planning. AAFCPAs also evaluates existing software tools to identify opportunities for more efficient processes, develops systems for tracking key contracts and their financial impacts, and collaborates with financial statement audit teams to plan for a successful first-year audit or review.

Early-Stage Companies  

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Destiny J. Flood

Destiny J. Flood

CPA | Partner, Commercial Outsourced Accounting & Fractional CFO
Ashleigh Marks
Ashley Marks

Ashleigh Marks

CPA | Consulting CFO
Richard Weiner
Richard Weiner

Richard Weiner

CPA, MST, CM&AA | Tax Partner
Nicole Zompa
Nicole Zompa

Nicole Zompa

CPA | Partner

Growth Stage Companies

AAFCPAs offers specialized solutions to address the more complex challenges faced by growth stage life science businesses. Our Fractional CFOs and Controllers assist with analysis of significant R&D and clinical trial contracts, budgeting, forecasting, and management reporting, cash runway evaluations, external audit coordination, vendor discussions, and regulatory filings like 1099s, empowering businesses to navigate complexity with confidence. Our integrated Business Transaction Advisory team guides clients through buy-side, sell-side, private equity, and internal transactions, offering due diligence preparation, response support for investor and buyer inquiries, and strategic advice to optimize exit strategies. We also deliver cost-effective in-house tax solutions to support IPO readiness, including corporate income and sales/use tax advisory, stock option modeling, and tax provision workpapers. For companies requiring second-firm support (i.e., independence), we provide SOX 404 management assessments, enterprise and cybersecurity risk evaluations, and Vulnerability Management as a Service (VMaaS), ensuring compliance and risk mitigation where resources are limited.

Business Transaction Advisory   Vulnerability Management as a Service (VMaaS)  

  • “There’s a misperception that it’s cheaper to manage the accounting function yourself or to hire in-house. But I don’t think it’s cheaper that way. It depends on the size of the company. When you hire in-house, you pay their salary plus benefits, and total compensation is more than 50 percent of base salary. For the same dollar amount, we pay AAFCPAs a fixed cost and gain access to a full team of four to five professional staff, each performing different functions…. AAFCPAs is fantastic, and they help me sleep very well at night. They provide absolute peace of mind, and I highly recommend them.”

    “They provide absolute peace of mind, and I highly recommend them.”

    Mia Wang, CPA | Associate Vice President, Finance & Corporate Controller Totus Medicines, Inc.

  • “My AAFCPAs’ CFO was an excellent partner in the shutdown process. She helped with a multitude of projects, identifying vendors and determining how to phase out software licenses along with assessing which assets should be included in the various asset sales and how to manage those financially. At key points in the process, AAFCPAs’ tax department was leveraged to provide their perspective, as well. They were helpful in allowing me to close the business out in an appropriately compliant manner. Having the resources of AAFCPAs behind the project was a powerful benefit. Having expertise in different areas available on short notice is extremely helpful in this type of situation.

    In my experience, AAFCPAs was pragmatic in managing the scope. My AAFCPAs’ CFO provided timely, appropriate management level reporting and answered the many financial questions unique to this client. On the flip side, she stayed within budget, prioritized issues well, and was committed to helping me meet the overall project timeline. Shut down situations are inevitably high-pressure situations. My AAFCPAs’ CFO made it more cooperative and manageable. My experience with AAFCPAs was positive, and I would recommend their outsourced accounting and fractional CFO solutions.”

    Reassuring.

    Doug Post Interim Chief Executive Officer

Why Biomedical and Life Science Companies Choose AAFCPAs

Depth of Resources

Partner with a Top 100 CPA and consulting firm that offers the strength of a 350+ multi-disciplinary team of CPAs, tax attorneys, fractional CFOs, controllers, data analysts, wealth advisors, and business process and IT security professionals able to help you navigate the complexities in running a lean, high-performing operation. Beyond our deep bench, we offer national and global coordination of resources, as needed, through our association with PrimeGlobal.

Gain counsel from senior professionals with Big 4 and national firm experience who have advised mid-sized, multinational SEC registrants. We bring lessons learned to emerging companies now navigating the accounting and tax complexities of revenue recognition, development costs, share-based compensation, and complex equity or debt structures in venture capital transactions.

Stay lean with our turnkey Outsourced Accounting & Fractional CFO solutions. This includes right-sized, outsourced accounting and advisory solutions from cloud-based transactional accounting to high-level CFO deliverables to optimize your finance function and address critical financial processes.

Work with a firm that specializes exclusively in financial statement audits for private companies and has been voluntarily certified by the Public Company Accounting Oversight Board (PCAOB). AAFCPAs elected to register as a PCAOB firm because we are committed to maintaining the highest standards while protecting investors and furthering public interest in the preparation of informative, accurate, and independent audit reports.

Business Process & IT Advisory   Outsourced, Fractional CFO   

Uncovering Actionable Intelligence Behind Big Data

Client Success Story: Leveraging data to solve real world challenges.

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Integrated Approach

Experience our integrated service approach, which unites a full range of specialized services that can help you navigate and overcome financial challenges while capitalizing on valuable opportunities.

Let us manage complex multistate, cross-border, and international accounting and taxation issues while presenting strategies to help you grow and preserve cash through tax credits, deductions, and incentives.

While our expertise is expansive, we take pride in being a locally grown firm with the capability to serve clients nationwide.

Our clients consider us an attractive alternative to national CPA firms, thanks to our tailored approach and personalized service.

Contact AAFCPAs

We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to your within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>