Assisted with an accounting memorandum for a public life sciences company

Assisted with an accounting memorandum for a public life sciences company

Ian and his team assisted with a technical accounting memorandum for a publicly traded life sciences company. The company had entered a complicated collaboration arrangement with a larger life sciences company, and we were engaged to determine the proper accounting for this transaction. The structure of the deal led to the expansion of our role to include business valuation as we helped to determine the estimated standalone selling price for certain performance obligations. Ultimately, the memorandum and footnote disclosure were completed on a condensed timeline ahead of the company’s quarterly public filing deadline requirement.

Note: This work was performed prior to joining Stout.