Biomedical & Life Sciences

Overcoming R&D Tax Credit Challenges in Life Sciences

From clinical trials to regulatory submissions, biomedical R&D is complex and heavily documented. Tracking qualified expenses across systems, teams, and protocols is time-consuming and easy to miss. Boast automates this process, ensuring claims are accurate, compliant, and complete without slowing down innovation.

pharmaceutical - sred eligibility - tax credits

Supporting Regulated R&D in Life Sciences

Biomedical innovation requires more than invention. It also demands adherence to quality systems, documentation protocols, and health authority guidelines. Boast helps teams stay compliant with frameworks like GLP, GCP, FDA, and EMA by producing audit-ready documentation aligned with your internal regulatory and quality processes.

Common R&D Activities That Qualify in Life Sciences

Life sciences and biomedical companies often overlook eligible R&D tax credit activities because they seem like “routine work.”

Boast helps you identify qualifying efforts such as:

Clinical research, preclinical and trial design

Drug formulation, biocompatibility testing, or biomarker development

Development of custom lab equipment, prototypes, or medical devices

Software development for bioinformatics or digital health tools

Regulatory submissions supported by experimentation and validation work

Who We Help in the Biomedical Industry

Boast supports a wide range of biomedical organizations – whether you’re developing new therapeutics, designing medical devices, or advancing digital health solutions. We work with companies across the innovation lifecycle, including:

Pharmaceutical companies advancing new therapies and drug delivery

Medical device manufacturers enhancing design, testing, and compliance

Biotech startups working on biologics, diagnostics, and RNA/DNA technologies

Digital health companies creating HIPAA – or PIPEDA – compliant platforms

Research institutions and labs conducting translational and applied R&D

Why R&D Tax Credits Matter More Than Ever in Life Sciences

Access to capital in life sciences is critical. Funding cycles can be long, competition is intense, and innovation timelines are often unpredictable. R&D tax credits offer a strategic way to extend your financial runway without giving up equity or delaying key development milestones.

You might be building the next generation of biologics or refining a diagnostic platform. Boast helps you turn existing work into non-dilutive capital that can be reinvested in product development, hiring, and growth.

Key Features for Biomedical Companies

Boast’s platform helps life sciences teams manage complexity with ease:

  • Automated R&D tax credit claim preparation
  • Categorization of experimental, lab, and regulatory-related expenses
  • Audit-ready documentation, including project-level detail
  • Built-in compliance alignment across U.S. and Canadian tax systems, including SR&ED
  • Seamless integration with systems like Jira, NetSuite, QuickBooks, and ADP

We manage the tax credit process so your team can stay focused on science, not spreadsheets.

Biomedical R&D Tax Credit FAQs

Activities like clinical development, lab validation, regulatory-supporting studies, device design, and even technical regulatory work can qualify.
Yes – if they involve solving technical challenges or require experimentation. Routine compliance steps generally do not qualify on their own.
Absolutely. Both U.S. and Canadian programs offer refundable or payroll-based credits, even for startups with no revenue.

We automate the claim process – pulling project data, tracking time, and creating audit-ready documentation with minimal lift from your team.