A customizable core finance team to implement, support or manage your day-to-day finance functions

We serve as the financial backbone to hundreds of life science companies, providing the right skill sets as needed with the caliber of talent that is often too costly or time consuming to build in house.

We expertly meet the operational finance and accounting needs of life science companies from inception through exit and beyond, adapting the composition of a client’s consulting team and services as their needs evolve. Our accounting-focused consulting team includes CPAs, MBAs and Big 4 accounting firm alumni with backgrounds in the life science sector.

Finance and Accounting

Key Considerations

  • Life science company formation has evolved in favor of lean internal teams supported by strategic relationships with external experts. We are purpose-built to meet a full breadth of finance and accounting needs with maximum capital efficiency to support this model.
  • We understand the nuances of the life science industry and tailor our consulting teams accordingly. An early-stage biopharma client may need advisory on R&D tax credits or applicable grants, while a digital health client may require expertise in SAAS models and revenue recognition.
  • Scalable resources can meet changing needs, planned or otherwise. We can fill both short- and long-term roles with carefully selected experts who hit the ground running to ensure business continuity.

How Danforth Can Help

Company Set-Up

We are highly experienced in the design and implementation of financial infrastructure from ground zero, including financial systems, processes and controls. Click here to download our fact sheet on support for life science start-ups.

Financial Planning and Analysis (FP&A)

We prepare budgets and forecasts, long range plans and cost analyses. We build and customize dynamic pro-forma cap tables in support of financings and related negotiations. Click here to learn more about our FP&A capabilities.

Audit Preparation

We prepare for and manage financial statement audits.

Support for Transformative Transactions

We assist with the preparation for company financings, IPOs, mergers and acquisitions and corporate wind-downs, and have additional specialists who can provide strategic or operational leadership in these initiatives.

Financial Administration and Accounting

We manage the daily transactional activities and routine business compliance, general accounting (AP, payroll, AR), monthly close, monthly reporting, cap table management and general financial administration.


We establish reporting templates and perform monthly, quarterly and annual reporting activities (internal and external). We also contribute to SEC filings including the quarterly report on form 10-Q and annual report on form 10-K.

Technical Accounting

We have a dedicated Accounting and Reporting Advisory team to call upon as needed for complex accounting matters, including audit readiness, share-based payment awards and adoption of new accounting standards.

How else can we help?

Learn about our additional capabilities