Case Study: Leading Biotechnology Company achieves NIH grant compliance and on-time audit completion with Marcum LLP

Marcum’s NorCal Assurance Team Stuns Client with In-Depth Industry Expertise and Quick Turnaround Time

Leading Biotechnology Company, an early-stage biotech firm developing a novel ocular anesthesia device based on thermo-electric cooling, needed a program-specific audit of its NIH grant expenditures completed just one month before the regulatory deadline. The company, which relies entirely on NIH grant funding, turned to Marcum LLP for support with a process that was unfamiliar, time-sensitive, and critical to maintaining compliance.

Marcum LLP’s NorCal Assurance Team worked closely with the CEO, CFO, and Grants Officer to build a clear timeline, manage deliverables, and complete the audit quickly despite a few hurdles along the way. Marcum LLP delivered the audit in less than 30 days, helping the company meet the NIH reporting deadline, remain compliant with grant requirements, and strengthen its ability to secure future NIH funding and continue R&D, hiring, and employee retention efforts.