From carve out to day-one stand up, client collaboration ensured systems and processes were in place for the new entity.
Key takeaways
Knowing the life sciences industry well served the client’s fast-paced and continuing needs.
Understanding the client’s long-term goals and strategic initiatives paved the way for future growth.
Sampled—formerly one of the world’s largest academic biorepositories, developer of the first at-home COVID-19 saliva test with emergency use authorization approval, and a leader in biobanking, bioprocessing and analytics—made a strategic decision to carve out from their academic beginnings and form a commercial biorepository. To be operational on day one, the company engaged RSM to design and implement its finance and accounting function, and to manage the operational challenges that came with the integration of old to new under this newly formed entity.
But that was just the beginning.
Learn how this growth journey unfolded between client and RSM as Sampled scales their business at the speed of change.
From financial and fundraising issues to addressing ongoing compliance needs or system efficiencies, life sciences companies are challenged with meeting continuous business objectives and needs, while also being mindful of profitability and growth. RSM’s life sciences practice understands this dilemma. From pre-clinical to commercialization, we work with clients through their entire business growth journey to help companies stay focused on their scientific innovations and clinical research while also working toward meaningful business growth.
One of the advantages of working with RSM is their experience in life sciences, so that we didn't have to explain how our business model was constructed.
Robin Grimwood, Co-founder and CEO, Sampled
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