Local Medicinal Manufacturing can Speed Up Clinical Trials

Snapdragon Chemistry is a leader in flow chemistry and process development. They work to find solutions to harness significant advantages of continuous flow technology and autonomous reaction platforms. These solutions can be used to enhance the discovery, development and manufacturing value chain.

This past year showed many weaknesses in the manufacturing of medicines for clinical trials. Many of these medicines rely on international partners to meet certain steps of the pipeline. Snapdragon Chemistry saw these limitations and decided it’s time to revamp the processes involved. They have since been developing methods for local manufacturing. This solution brings reliability and resilience to the industry as well as reduces the time needed to bring new medicine to patients. 

Their focus is on developing the technologies needed to speed up the clinical trials processes through local manufacturing. In order to achieve this, they have begun development of a 51,000 sq ft facility in Massachusetts. This facility will offer space to produce specialty chemicals for use in medicinal formulations in house. With the use of their automated technologies, Snapdragon believes their innovation will only pick up speed. 

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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