The field of vaccinology has undergone major technological advances over the past 30 years. If your company is exploring novel adjuvants, mRNA stabilization techniques, or any number of advances in vaccine development, you can offset your research expenses with the Research and Development (R&D) Tax Credit.
Employee wages, raw materials & supplies, and third-party contractor costs associated with R&D activities are considered qualified research expenses (QREs). Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your business operates.
Example activities that qualify:
- Testing novel vector constructs to increase expression efficiency
- Designing and implementing scaled-up manufacturing processes
- Characterizing molecular structures using 3D modeling software and/or other bioinformatic techniques
- Updating a legacy vaccine by increasing stability or improving the delivery method
- Improving temperature stability to remove cold chain supply restrictions
- Assessing the elicited immune response of a novel construct in preclinical models
- Optimizing purification processes for use in clinical trials
Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?
- Chemical Engineers
- Postdoctoral Research Fellows
- Project Managers
- Research Scientists