On-boarding Research and Development Partners—Inventory Counts
For companies in highly regulated industries (HRI), acquiring the research firms that develop technologies, solutions or products that they use or sell can be complicated. The process ties up lawyers, accountants and human resource personnel for months, if not years. In our experience, one area that is often not given sufficient attention is the merger of physical elements, such as parts and finished inventory. Unless the research is intellectual property alone, there will likely be raw materials, components, prototypes and products over which the parent company is taking control.