Providence R&D Tax Credit Benefits for Corporations

R&D Tax Credits for Providence, Rhode Island Businesses

Providence, Rhode Island, is a major hub for industries such as healthcare, education, finance, technology, and manufacturing. Top companies in the city include Lifespan, a leading healthcare provider; Brown University, a major educational institution; Citizens Financial Group, a significant finance employer; CVS Health, a key player in the technology sector; and Textron, a prominent manufacturing company. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

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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 270 Bellevue Avenue, Newport, Rhode Island is less than 40 miles away from Providence and provides R&D tax credit consulting and advisory services to Providence and the surrounding areas such as: Warwick, Cranston, Pawtucket, Woonsocket and Fall River.

If you have any questions or need further assistance, please call or email our local Rhode Island Partner on (401) 406-8880.
Feel free to book a quick teleconference with one of our Rhode Island 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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Providence, Rhode Island Patent of the Year – 2024/2025

EpiVax Inc. has been awarded the 2024/2025 Patent of the Year for its pioneering work in immune modulation. Their invention, detailed in U.S. Patent No. 11911414, titled ‘Regulatory T cell epitopes’, introduces a novel method to induce regulatory T-cells using specific peptide sequences, aiming to suppress unwanted immune responses.

In a significant advancement for immunotherapy, EpiVax Inc. has developed a method to harness the body’s own regulatory T-cells to modulate immune responses. This approach utilizes specific peptide sequences, known as T-cell epitopes, to activate these regulatory cells, potentially offering new treatments for autoimmune diseases and allergies.

The patented method involves administering a composition containing isolated T-cell epitope polypeptides, with at least one matching a defined amino acid sequence. This composition can suppress various immune responses, including those from effector T-cells, helper T-cells, and B-cells, by promoting the activity of natural or adaptive regulatory T-cells.

By targeting the immune system’s regulatory mechanisms, this innovation offers a more precise approach to controlling immune responses. It holds promise for conditions where the immune system is overactive or misdirected, providing a potential alternative to broad-spectrum immunosuppressive therapies.

EpiVax Inc.’s development represents a step forward in personalized medicine, offering the potential for treatments that are both effective and tailored to individual immune profiles.