Accounting Advisory for Life Sciences & Healthcare

  • CFGI is the nation’s leading life sciences non-audit accounting advisory firm.
  • Served over 500 life sciences clients.
  • With local leadership in the global biotech hubs of Boston and San Francisco, CFGI has the largest and most experienced biotech accounting advisory team available.
  • Participates in approximately 30% of all life sciences initial public offerings in the U.S. as well as several cross-border offerings per year.

CFGI’s technical accounting experts and cross-functional consultants have a comprehensive understanding of the industry. With our experts at your side, the accounting and reporting complexities of your business are a worry of the past. We facilitate smooth and efficient accounting closes and audit processes to meet your important deadlines, whether for quarterly reporting or in time for a significant transaction. Our goal is to allow companies to focus on the objectives most important to them: science and patient outcomes. The accounting and finance teams at our clients hire CFGI to ensure that they can act as a true partner to their businesses.

How CFGI helps

With extensive experience serving clients in the life sciences industry at all stages of development, including biotech, medical device and pharmaceutical companies, CFGI provides specialized services designed to assist a range of companies from pre-IPO startups to Fortune 500 companies.

We assist life sciences companies with all things accounting and finance, including the following:

  • Quarterly and annual SEC reporting.
  • IPO and reverse merger preparation.
  • Sarbanes-Oxley 404 internal controls assessments and implementations.
  • SEC comment letter responses.
  • Cross-border transactions, including conversions to or from U.S. GAAP.
  • Collaboration accounting.
  • Gross-to-net revenue accounting.
  • Accounting for debt and equity financings.
  • Accounting for stock-based compensation.
  • Mergers and acquisitions support.
  • Interim roles.
  •   Valuations.
  • Tax provisions and compliance.

Why CFGI?

Our team of highly skilled professionals provides cost-effective, flexible and responsive services that support life sciences organizations at every stage of the company lifecycle.

Startups and private companies

  • Technical memos and position papers to support significant accounting matters and judgments, including the areas described above and more.
  • Financial statement close process.
  • Audit support and financial statement preparation.
  • Forecasting and budgeting.
  • Transitional finance and accounting resources.
  • Valuation services (409A, acquired intangibles, etc.).

Initial public offering

  • Capital markets.
  • Uplift private company financial statements to Reg. S-X compliant financial statements.
  • Draft financial sections of Form S-1.
  • Project manage with attorneys and bankers.
  • Draft responses to SEC comments.
  • Manage audit requests and comments.
  • Prepare pro forma disclosures and update registration statements for effect of stock splits.

Public companies

  • Sarbanes-Oxley 404 internal controls assessments and implementations.
  • Technical memos and position papers to support significant accounting matters and judgments.
  • Financial statement close process.
  • Audit support and financial statement preparation.
  • XBRL preparation and review.
  • Forms 10-K, 10-Q and 8-K.
  • Provide interim/transitional finance resources.

These are only some of the challenges we help life sciences companies overcome. We have plenty of real-world case studies that demonstrate our expertise, high quality of service and dedication to our clients’ long-term success.