close iconCredit CalculatorState CreditsIndustry CreditsPayroll CreditsERTCPartnersWe're Hiring!
Resources
What is the R&D Tax CreditWebinars & EventsJournalsOur TeamMedia RoomFAQsContact
Select your Industry
close icon

Food & Beverage

down arrow icon
Co-Packing
Dairy Processing
Frozen Foods
Meat & Seafood Processing
Packaged Foods
down arrow icon

Alcoholic Beverages

down arrow icon
Craft Breweries and Cideries
Distilleries
Hard Seltzers
Ready-to-Drink Cocktails
Wineries / Vineyards
down arrow icon

Aerospace & Defense

down arrow icon
Aerospace Engineering
Firearms, Ammunition, & Missile Defense
Government Contractors
Jet Propulsion & Rocketry
Satellite Technology
down arrow icon

Software & Technology

down arrow icon
Artificial Intelligence
Blockchain
Cryptocurrency
Electronics
FinTech
down arrow icon

Manufacturing

down arrow icon
Agriculture
Apparel & Textiles
Automotive & Original Equipment Manufacturers (OEMs)
Chemicals
Electronics
down arrow icon

Architecture & Engineering

down arrow icon
Architecture
Civil Engineering
Construction Engineering
Electrical Engineering
LEED/Sustainable Architecture
down arrow icon

Medical & Pharmaceutical

down arrow icon
Analytic Research Laboratories
Clinical Trials
Compounding
Generic Drug Development
Medical Devices
down arrow icon

Industrial Hemp & CBD

down arrow icon
No items found.
down arrow icon
Strike logo
Credit CalculatorState CreditsIndustry CreditsPayroll CreditsERTC
Resources
What is the R&D Tax Credit
Webinars & Events
Partners
Journals
Team
Media Room
We're Hiring!
FAQs
Active R&D Tax Credit States
Inactive R&D Tax Credit States
Alabama
Alabama
Alabama
Alaska
Alaska
Alaska
Arizona
Arizona
Arizona
Arkansas
Arkansas
Arkansas
California
California
California
Colorado
Colorado
Colorado
Connecticut
Connecticut
Connecticut
Delaware
Delaware
Delaware
Florida
Florida
Florida
Georgia
Georgia
Georgia
Hawaii
Hawaii
Hawaii
Idaho
Idaho
Idaho
Illinois
Illinois
Illinois
Indiana
Indiana
Indiana
Iowa
Iowa
Iowa
Kansas
Kansas
Kansas
Kentucky
Kentucky
Kentucky
Louisiana
Louisiana
Louisiana
Maine
Maine
Maine
Maryland
Maryland
Maryland
Massachusetts
Massachusetts
Massachusetts
Michigan
Michigan
Michigan
Minnesota
Minnesota
Minnesota
Mississippi
Mississippi
Mississippi
Nebraska
Nebraska
Nebraska
New Hampshire
New Hampshire
New Hampshire
New Jersey
New Jersey
New Jersey
New Mexico
New Mexico
New Mexico
New York
New York
New York
North Dakota
North Dakota
North Dakota
Ohio
Ohio
Ohio
Pennsylvania
Pennsylvania
Pennsylvania
Rhode Island
Rhode Island
Rhode Island
South Carolina
South Carolina
South Carolina
Texas
Texas
Texas
Utah
Utah
Utah
Vermont
Vermont
Vermont
Virginia
Virginia
Virginia
Wisconsin
Wisconsin
Wisconsin
District of Columbia
District of Columbia
District of Columbia
Missouri
Missouri
Missouri
Montana
Montana
Montana
Nevada
Nevada
Nevada
North Carolina
North Carolina
North Carolina
Oklahoma
Oklahoma
Oklahoma
Oregon
Oregon
Oregon
South Dakota
South Dakota
South Dakota
Tennessee
Tennessee
Tennessee
Washington
Washington
Washington
West Virginia
West Virginia
West Virginia
Wyoming
Wyoming
Wyoming
Looking for more info on state credits? Get expert advice from our team.
Contact Us
Aerospace & Defense
Alcoholic Beverages
Architecture & Engineering
Food & Beverage
Industrial Hemp & CBD
Manufacturing
Medical & Pharmaceutical
Software & Technology
SUB-Industries
Aerospace EngineeringAviationFirearms, Ammunition, & Missile DefenseGovernment ContractorsJet Propulsion & RocketrySatellite TechnologySpace Exploration
SUB-Industries
Craft Breweries and CideriesDistilleriesHard SeltzersReady-to-Drink CocktailsWineries / Vineyards
SUB-Industries
ArchitectureCivil EngineeringConstruction EngineeringElectrical EngineeringEnvironmental EngineeringLEED/Sustainable ArchitectureMechanical EngineeringProduct EngineeringStructural Engineering
SUB-Industries
Co-PackingDairy ProcessingFrozen FoodsMeat & Seafood ProcessingPackaged FoodsPlant-Based Businesses
SUB-Industries

For more information about the R&D Tax Credit for Hemp and CBD sub-industries, please visit www.hemptaxcredit.com

SUB-Industries
Agriculture
Apparel & TextilesAutomotive & Original Equipment Manufacturers (OEMs)Consumer Packaged GoodsChemicalsElectronicsFood & Consumer PackagingIndustrial AutomationMetals & AlloysOil & GasPlastic Injection MoldingRobotics ManufacturingSemiconductorsShipbuilding & MarineTool & Die
SUB-Industries
Analytic Research LaboratoriesClinical TrialsCompoundingGeneric Drug DevelopmentMedical DevicesMedical Equipment ManufacturersOrphan Drug DevelopmentPackagingPharmaceutical Development / ReformulationReagent DevelopmentVaccines
SUB-Industries
Artificial IntelligenceBlockchainCryptocurrencyCybersecurityElectronicsFinTechRoboticsTelecommunicationsVR/AR DevelopmentVideo Game Development
Credit CalculatorState CreditsIndustry CreditsPayroll CreditsPartners
About
Our TeamWhat is the R&D Tax CreditFAQs
Journals
Testimonials
Contact
Credit CalculatorState CreditsIndustry CreditsPayroll CreditsPartners
About
Our TeamWhat is the R&D Tax CreditFAQs
Journals
Testimonials
Contact
Hamberg icon

Medical & Pharmaceutical

R&D Tax Credits

Ready to Maximize Your Credits?

With just a little info, our Strike Experts can help you start your R&D tax credit journey.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
All IndustriesMedical & Pharmaceutical

There are many industries and activities that fall under the medical and pharmaceutical umbrella, including biopharmaceuticals, nutraceuticals, medical instruments and devices, and analytical testing. A wide range of support activities, from reagent preparation to the time and money required to obtain FDA approval, can be considered qualified research expenses (QREs) and claimed with the R&D Tax Credit. In addition to the federal credit, many states offer tax breaks. Pre-revenue companies and start-ups with less than five years of revenue can use the federal R&D tax credits to offset future payroll taxes.

The following industries have claimed significant R&D tax credits and received millions in additional capital to reinvest into their workforce, infrastructure, and continued innovation:

Analytic Research Laboratories Clinical Trials Compounding Generic Drug Development Medical Devices Medical Equipment Manufacturers Orphan Drug Development Packaging Pharmaceutical Development / Reformulation Reagent Development Vaccines

Example activities that qualify:

  • Developing new treatments, drugs, and compounds
  • Developing new test protocols that are not commercially available
  • Improving formulations or drug delivery mechanisms
  • Conducting pre-clinical research and clinical trials (Phases I-III) 
  • Determining new applications/treatments for existing drugs
  • Developing generic formulations for off-patent, off-exclusivity drugs
  • Conducting tests to satisfy government regulatory requirements
  • Improving drug manufacturing processes
  • Customizing formulations (compounding pharmacies) 

Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs? 

  • C-Suite
  • Chemists / Biochemists
  • Clinical Trial Coordinators
  • Laboratory Technicians
  • Mechanical / Biomedical Engineers
  • Microbiologists
  • Postdoctoral Fellows
  • QA / QC Staff
  • Research Scientists

Unsure of whether your medical and/or pharmaceutical development qualifies? The innovations your company has been working on may be eligible for significant tax breaks. Strike Tax Advisory employs tax experts with years of experience in R&D Tax Credits. At Strike, we work on a success-based fee structure enabling businesses in the medical and pharmaceutical industry to claim R&D and Orphan Drug credits/refunds without any out-of-pocket costs. We offer complete audit protection and a money-back guarantee. Use our R&D Tax Calculator to estimate your potential benefit, and partner with Strike to claim your tax credits with no up-front costs. Contact one of our experts today.

The R&D Tax Credit was created to incentivize companies across multiple industries to keep high-tech jobs in the United States. Companies can claim employee wages, supplies & raw materials, computer rental costs, and third-party contractor expenditures incurred throughout the R&D process. Current law permits companies to amend prior year tax returns (going back three years), offering additional financial benefits from tax refunds. If you cannot use the R&D credits immediately, the IRS allows taxpayers to carry credits forward up to 20 years. 

Resources

The Orphan Drug Tax Credit

Orphan Drug Incentives

Refuting R&D Tax Credit Myths

Medical & Pharmaceutical

Stats at a Glance

$100,000

Potential annual federal tax savings of a small biotech company ($1 million in QREs)

65%

Amount of third-party contractor expenses that can be claimed (CROs)

$45.4 Million

Median cost of a pivotal oncology trial

Want a quick estimate for your company?
Calculate My Credits

Got questions?

Schedule a quick call with an R&D expert.

We’ll walk you through our process and take the time to understand yours to make sure you get the most back.

Schedule a Meeting

Medical & Pharmaceutical

Share this Info:
fb share icontwitter share iconmail share iconlink share icon
Back to Industries

Does your state qualify for the State R&D Tax Credit?

Benefits for the R&D Tax Credit vary from state to state. Get an accurate estimate of what your potential state tax credit!

Search by State
Alaska
Alaska Payroll Tax Credits for R&D
AK
Alabama
Alabama R&D Tax Credits
AL
Arkansas
Arkansas R&D Tax Credits
AR
Arizona
Arizona R&D Tax Credits
AZ
California
California R&D Tax Credits
CA
Colorado
Colorado R&D Tax Credits
CO
Connecticut
Connecticut R&D Tax Credits
CT
Delaware
Delaware R&D Tax Credits
DE
Florida
Florida R&D Tax Credits
FL
Georgia
Georgia R&D Tax Credits
GA
Hawaii
Hawaii R&D Tax Credits
HI
Iowa
Iowa R&D Tax Credits
IA
Idaho
Idaho R&D Tax Credits
ID
Illinois
Illinois R&D Tax Credits
IL
Indiana
Indiana R&D Tax Credits
IN
Kansas
Kansas R&D Tax Credits
KS
Kentucky
Kentucky R&D Tax Credits
KY
Louisiana
Louisiana R&D Tax Credits
LA
Massachusetts
Massachusetts R&D Tax Credits
MA
Maryland
Maryland R&D Tax Credits
MD
Maine
Maine R&D Tax Credits
ME
Michigan
Michigan R&D Tax Credits
MI
Minnesota
Minnesota R&D Tax Credits
MN
Mississippi
Mississippi R&D Tax Credits
MS
North Dakota
North Dakota R&D Tax Credits
ND
Nebraska
Nebraska R&D Tax Credits
NE
New Hampshire
New Hampshire R&D Tax Credits
NH
New Jersey
New Jersey R&D Tax Credits
NJ
New Mexico
New Mexico R&D Tax Credits
NM
New York
New York R&D Tax Credits
NY
Ohio
Ohio R&D Tax Credits
OH
Pennsylvania
Pennsylvania R&D Tax Credits
PA
Rhode Island
Rhode Island R&D Tax Credits
RI
South Carolina
South Carolina R&D Tax Credits
SC
Texas
Texas R&D Tax Credits
TX
Utah
Utah R&D Tax Credits
UT
Virginia
Virginia R&D Tax Credits
VA
Vermont
Vermont R&D Tax Credits
VT
Wisconsin
Wisconsin R&D Tax Credits
WI
District of Columbia R&D Tax Credits
District of Columbia
DC
DC
Missouri R&D Tax Credits
Missouri
MO
MO
Montana R&D Tax Credits
Montana
MT
MT
North Carolina R&D Tax Credits
North Carolina
NC
NC
Nevada R&D Tax Credits
Nevada
NV
NV
Oklahoma R&D Tax Credits
Oklahoma
OK
OK
Oregon R&D Tax Credits
Oregon
OR
OR
South Dakota R&D Tax Credits
South Dakota
SD
SD
Tennessee R&D Tax Credits
Tennessee
TN
TN
Washington R&D Tax Credits
Washington
WA
WA
West Virginia R&D Tax Credits
West Virginia
WV
WV
Wyoming R&D Tax Credits
Wyoming
WY
WY

Need more info? Schedule a time to connect with our team.

Schedule a Meeting
Schedule a Meeting

How much could I get back for

Medical & Pharmaceutical

 R&D Tax Credits?

Great question! Try out our R&D Tax Credit Calculator to see the value of your R&D tax credit reward.
Company
Contact UsStrike TeamMedia RoomWe're Hiring!Privacy Policy
Resources
R&D Tax Credit CalculatorState R&D CreditsIndustry CreditsPayroll TaxesERTCWebinars & EventsJournalR&D Tax Credit FAQs
Subscribe
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
2022 © Strike R&D Tax Advisory