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Pharmaceutical Company

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Sector: Medical & Pharmaceutical

Claim Value: £32,000

Randduk: Expert R&D Tax Credit Specialists in the Medical & Pharmaceutical Sector

"A Hucknall-based pharmaceutical company have received a first-time claim of £32,000 in R&D tax credits with the help of randd."

A Hucknall-based pharmaceutical company have received a first-time claim of £32,000 in R&D tax credits with the help of randd. The company develop and manufacture high-quality reusable incontinence products for adults and children using British materials.

A highly skilled workforce produces extremely practical, cost effective and, in many cases, fashionable products. Research and development is vital to develop ways to produce garments cost effectively to ensure the comfort and performance elements developed within the prototype products, which are wholly developed by the company, are not compromised when upscaled into quality, market ready, high-performance products.

This required in-depth research to achieve solutions that have included trials, prototypes and problem solving; all activities which are eligible under the R&D Tax Credits scheme.

“Competitive prices, and proportionate regulation are required, if the industry is to continue to deliver savings as well as fund the necessary development of the more complex medicines, including biosimilars.” Advised the BGMA (British Generic Manufacturers Association).

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