R&D Tax Credit Explained for Arizona Companies

R&D Tax Credits for Phoenix, Arizona Businesses

Phoenix, Arizona, is a hub for industries such as technology, healthcare, aerospace, finance, and manufacturing. Top companies in the city include Intel, a global leader in semiconductor manufacturing; Banner Health, a major healthcare provider; Honeywell Aerospace, a key player in the aerospace industry; American Express, a prominent financial services company; and Freeport-McMoRan, a leading mining and materials company. The Research and Development (R&D) Tax Credit can help these industries reduce their tax liabilities, foster innovation, and enhance business performance.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 3104 E Camelback Road, Phoenix, Arizona provides R&D tax credit consulting and advisory services to Phoenix and the surrounding areas such as: Mesa, Chandler, Gilbert, Glendale and Scottsdale.

If you have any questions or need further assistance, please call or email our local Arizona Partner on (520) 336-9423.
Feel free to book a quick teleconference with one of our Arizona R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Phoenix, Arizona Patent of the Year – 2024/2025

International Isotopes Inc. has been awarded the 2024/2025 Patent of the Year for their innovative capsule filling system for radioactive materials. Their invention, detailed in U.S. Patent Application No. 20240423875, titled ‘Systems and methods for loading capsules with radioactive materials for pharmaceutical, diagnostic, and/or other purposes’, utilizes a remotely operated, partially or fully automated system to safely and efficiently transfer radioactive solutions into capsules for medical and diagnostic use.

The system features a rotatable carousel that holds transport containers, a needle assembly for precise dosing, and a robotic gripper to handle capsules. A controller orchestrates the entire process, from drawing a dose from a source container to sealing the filled capsule. This automation minimizes human exposure to radiation and enhances the consistency of capsule preparation.

Designed to handle isotopes like Iodine-131, the system’s modular components, including a movable support assembly and capsule capping mechanism, allow for adaptability across various pharmaceutical applications. By integrating these features, the technology addresses critical safety and efficiency challenges in the handling of radioactive materials.

This advancement reflects a significant step forward in nuclear medicine manufacturing. It offers a scalable solution that could streamline the production of radiopharmaceuticals, ensuring better protection for workers and consistent quality for patients.