Experienced. Effective. Expert.
To thrive in a demanding sector, life sciences companies need partners with global expertise.
Improving, enhancing and prolonging life through their dedicated efforts, life sciences companies pursue innovation and evolution with an unparalleled intensity.
While they strive to unlock new discoveries and solutions, they must also continually contend with increasing pressures, such as:
- the need to manage and interpret voluminous data,
- constant mergers and acquisitions,
- high costs—from research through to manufacturing and distribution,
- increasing regulatory demands, and
- a new global tax landscape.
To excel at what they do best, life sciences companies need trusted partners to ensure their businesses run in an agile, efficient and responsible way.
Harness the power of your data
We understand the value of data as an asset. Grant Thornton supports you in making the most of your data, designing and implementing solutions for data mining, integration and interpretation.
Benefit from global tax insights
Our global teams manage your international tax needs through one point of contact, streamlining your experience while ensuring you benefit from expertise across jurisdictions.
Achieve cost-effective, sustainable growth
Manage the high costs of research, supply chain, manufacturing, and distribution with transformation programmes that optimise cost efficiency.
Prosper in a rapidly changing environment
The life sciences sector is moving at pace, bringing challenges and opportunities.
Life sciences companies are at the cutting edge of digital change. And in a consolidating industry facing high costs and increasing regulatory scrutiny, operational and financial challenges abound.
Companies like yours need an agile partner who can deliver sustainable, forward-thinking solutions. We advise on governance, risk, regulatory compliance, sustainability, digital transformation and more.
Our life sciences services
Prosper through your transformation and change
Mergers and acquisitions (M&A) are on the rise across the life sciences industry. Our sector-specific team can guide you through the transformation of integration and separation. Our M&A experts support you with:
- due diligence,
- debt advisory,
- data protection,
- operational review, and
- organisational design.
Our team can help yours embrace change through process development and improvement, clinical transformation and lean thinking. We also engage with you on finance transformation, change management, and programme and project management (PPM).
Stay ahead by enhancing your digital strategy
Digital is the backbone of life sciences. Companies without a strong digital and AI agenda will fall behind their competitors.
Our digital team can support your transformation with expertise including:
- data engineering and analytics,
- digital product engineering,
- DevOps and platform engineering,
- AI integration, and
- cloud computing.
Deliver back-office functions with strong financial controls
As companies scale, they can gain significant efficiencies by outsourcing back-office functions. We can help you realise these efficiencies while integrating technological advancements that strengthen your financial controls.
Our Outsourced Centre of Excellence offers multiple services, including:
- business process outsourcing.
- project portfolio management (PPM),
- system/service innovation and design,
- application design,
- data controls and security, and
- people solutions.
Ensure compliance with complex regulatory demands
As regulatory requirements around life sciences expand, the sector demands an unimpeachable approach to compliance. In organisations like yours, systems require constant monitoring to ensure the required deliverables are met.
Our teams have the expertise you need to achieve compliance when it comes to critical regulations and legislation, including:
- the Corporate Sustainability Reporting Directive (CSRD)
- the EU Carbon Border Adjustment Mechanism (CBAM)
- EU and Irish data protection legislation,
- the AI Act, and
- the Public Spending Code.
Grow sustainably by optimising your tax strategy
Given the global nature of the life sciences industry, companies have a significant requirement to navigate complex global tax rules and regulations including:
- corporation tax,
- intellectual property (IP) planning and tax incentives,
- transfer pricing,
- tax credits for R&D investment and other government incentives,
- supply chain management, and
- international tax planning.
Our global teams work together to ensure a seamless, best-in-class offering for organisations like yours when it comes to meeting global tax standards.
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