R&D in Healthcare Companies
Industry Spotlight
How might Healthcare Research companies qualify for R&D tax relief?
A healthcare research company engaged in research and development (R&D) activity typically focuses on developing new products, therapies or technologies aimed at improving patient outcomes.
Here are some examples of how a healthcare company might carry out R&D activity.
A healthcare company might conduct research in the field of biotechnology to develop new or augmented technologies or therapies, such as gene therapy or cell therapy
Clinical trials are a critical component of R&D in the healthcare industry. A healthcare company might conduct clinical trials to test the safety and efficacy of new drugs, therapies or medical devices.
A healthcare company might develop new or improved technologies or applications for digital health. This could include developing
- Mobile health apps
- Telemedicine platforms
- Remote patient monitoring technologies.
A healthcare company might develop new drugs or therapies for various medical conditions. This could involve identifying new drug targets, screening compounds for activity, and conducting clinical trials to evaluate safety and efficacy
Companies focused on improving healthcare processes and procedures through innovative approaches may qualify for R&D tax relief.
This includes the development of new protocols, systems, and technologies to enhance patient care, workflow efficiency and data management.
A healthcare company might develop new medical devices or improve existing ones. This could include developing surgical robots, automated systems and devices for diagnostics, monitoring or treatment of various medical conditions.
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Has your company engaged in this type of activity in the past?
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