Life Sciences

Finance breakthroughs for life sciences companies

For 20 years we've been helping world changers with transformational accounting, operations, and software.
Let's Connect

We serve the office of the CFO

Financial Reporting and Accounting

  • Audit readiness
  • Financial statements
  • Debt and equity financings
  • License and collaboration agreements
  • Stock compensation
  • Clinical accruals
  • Inventories
  • CRO and CMO agreements
  • Research and development
  • Government grants
  • Consolidations

Public Company Services

  • IPO planning and readiness
  • Alternative exits (reverse mergers, de-SPACs)
  • PCAOB audit uplift
  • Quarterization
  • Prepare S-1
  • SEC comment letters, pre-clearances and waivers
  • SOX 404, part (a) and part (b) testing
  • Quarterly/annual reporting assistance
  • Carve-outs
  • Material weakness remediation
  • Restatements
  • Operational

  • Transaction processing, journal entries, reconciliations
  • Month-end close
  • Management/Board reporting
  • Close acceleration and improvements
  • Power users with deep expertise across financial systems
  • Policies and procedures
  • Historic accounting cleanup
  • FP&A (budgets, etc.)
  • Key agreement review and advice
  • Staff augmentation
  • Systems, AI, and Automation

    • Finance automation roadmap and design
    • ERP implementation (NetSuite, Workday, Rillet, Campfire, QuickBooks, etc.)
    • Human resource management processes and systems
    • Point solutions (Zip, Coupa, Ramp, Brex, Netgain, etc.)
    • Close and financial reporting automation (FloQast, NetClose, Workiva, DFIN, InScope, etc.)
    • Integrations to external payroll, HR, QMS, PLM, and LIMS systems
    • System administration, management, and user support

    Commercialization

    • Revenue recognition, gross to net, reserve calculations (ASC 606)
    • Pre- and commercial inventories, lot (batch) tracking (ASC 330)
    • Order-to-cash, supply chain management, and inventory/cost of goods sold processes
    • Updated monthly close, controls and SOX compliance
    • ERP upgrades, MRP, EDI integration – AI leveraged
    • Regulatory compliance and validation workflows (GxP/21CFR 11)
    • Address diverse sales models (distribution, direct, specialty, title), international expansion
    • Transition plan, training, finance team upskilling, initial close assistance
    • Integration with 3PL, CMOs and other implementation partners

    A rare blend of boutique size and legendary experience

    Breakthrough
    Work

    2K+
    Companies Supported

    High-Growth
    Companies

    $4.0T
    Valuation of Clients Helped to IPO

    Complex
    Transactions

    750+
    M&A Deals and IPOs Supported

    What our clients are saying

    Melody Burcar

    VP Finance, LENZ Therapeutics, Inc
    "Connor Group offers the flexibility, technical depth, and reliability that lean finance teams depend on. What began as a SOX engagement quickly expanded into technical accounting and system implementations as our trust in their team grew. They now operate as a true extension of our team, consistently exceeding expectations"
    Company Logo

    April Yamada

    Head of Finance Operations, AngioSafe
    “Connor Group helped us build dynamic financial models, enhance scenario planning for commercialization, and increase transparency in departmental spending. Leadership gained clearer, real-time insights to inform strategic decisions and investor communications.”
    Company Logo

    Anonymous

    VP Finance, biotechnology company
    “Connor Group has been a trusted and reliable partner for many years. Their expertise allows us to operate efficiently while ensuring we have access to top-tier technical accounting knowledge. Their ability to seamlessly step in during critical periods and effectively manage auditor relationships has been particularly valuable. We consider Connor Group an essential extension of our accounting department.”
    Company Logo

    Ben Lundgren

    Managing Director, Low Institute for Therapeutics | CEO, Gwen Bio
    “We formed the Low Institute for Therapeutics and Gwen Bio only a few months ago. Connor Group was ready to engage day one to help us build and run our finance and accounting. They bring a full-service approach - banking, Quickbooks, payroll, purchases, credit cards, reimbursements and budgets, allowing me and my team to focus on our business. We've relied on their quality reporting to make our most critical decisions and have not been disappointed. They have brought structure and process to our financial systems while still retaining the agility required for any startup.”
    Company Logo
    Left Arrow Icon
    Right Arrow Icon

    Our commitment to life sciences

    Expert teams in all life science cities

    Connor Group was founded in the Bay Area in 2006 and has a significant presence in major life science markets, including Boston, New York/New Jersey, Southern California, and Seattle.

    25-year focus on life science companies

    Life science companies have been at our core from the outset, with as much as a third of our work and almost half the IPOs we’ve supported in the industry.

    We help from startup to public

    We serve the entire range of life science entities, from early-day startups to multi-billion market cap entities, including both public and private companies.

    We've helped over 500 life sciences clients grow and transform

    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo
    Client Logo

    Connor Group is built differently

    Unlike others, we're independently owned

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    We combine deep industry knowledge and listening skills

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    Tailored solutions from creative real-world problem solving

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    We use unique hiring filters to screen the best in the industry

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    We invest in acquiring or developing the best tools available

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    Key people remain focused on your needs and your industry

    We've translated decades of experience into elite-level listening and pattern recognition to deliver customized value efficiently.

    Solutions built with functional expertise and accelerated by AI

    All Connor Group solutions, based on deep subject matter expertise and decades of experience, are enhanced by AI insights, speed, and efficiency for high-power engagements.

    Insights for the cutting edge of modern finance

    Collateral Thumbnail
    Document Icon
    AI & Advanced Automation

    Building Momentum: The State of AI in Finance and Accounting

    Connor Group’s latest AI Adoption Survey
    Collateral Thumbnail
    Document Icon
    AI & Advanced Automation

    Generative AI Governance Framework 2.0

    This is a powerful guide, designed to support responsible and controlled AI implementation
    Collateral Thumbnail
    Document Icon
    AI & Advanced Automation

    How things really work at OpenAI (from their VP of Finance)

    This episode of Breakthrough Work features Janine Korovesis, VP of Finance at OpenAI,

    Life Sciences leaders

    Aleks Zabreyko

    Managing Partner | Life Sciences Industry Leader

    Aleks is Partner and Strategic Markets Leader in Connor Group’s Technical Accounting and IPO Services practice. In addition to client service, Aleks focuses on the firm’s market activity in several geographies, including Boston, Chicago, Washington D.C., and Seattle. He is also responsible for interactions with regulatory organizations and several of our business alliances.

    Aleks has hands-on US GAAP and IFRS experience advising clients and other Connor Group professionals in areas such as revenue recognition, complex financial instruments, leases, consolidation, business acquisitions and dispositions, stock compensation, capital markets, SEC reporting, and complex or unique transactions. He has in-depth familiarity with issues affecting emerging growth companies, both private and public, in the technology, software, cloud, clean energy, biotechnology and pharmaceutical industries.

    Prior to his current role, Aleks founded and led our Professional Practice organization. He also directed the development of the firm’s guidance and client services in relation to the new revenue recognition rules of ASC 606.

    He is a member of the Financial Reporting Executive Committee (FinREC) of the AICPA, Financial Reporting Committee of the IMA, and Auditing Practice and Accounting Standards committee of California Society of CPAs. Additionally, Aleks is part of the AICPA Digital Assets Task Force, which develops nonauthoritative accounting and auditing guidance for cryptocurrencies, tokens, and other assets. He has presented on a variety of accounting topics at conferences and webinars.

    Prior to joining Connor Group in 2009, Aleks spent 17 years with the Ernst & Young audit practice. He is a Certified Public Accountant (California) and Fellow Chartered Certified Accountant (the United Kingdom).

    X Icon

    Derek Anderson

    Managing Partner | Executive Committee

    Derek has over a decade of corporate controller and VP finance experience spanning public and PE- and VC-backed private growth companies.

    Derek joined Connor Group in 2018 to help launch the firm’s Managed Services Practice, a practice dedicated to providing premium controller services primarily focused on operational accounting and finance matters. Derek has assisted multiple public and IPO companies through audit preparation, financial statement preparation and review, material weakness remediation, acquisition accounting and systems integration, standard costing implementations, and he has served as interim corporate controller. Some of the subject matter areas on which he has assisted clients include revenue and accounts receivable, complex inventory and costing, stock-based compensation, budgeting and forecasting, and cash flow statement preparation.

    Prior to Connor Group, Derek spent eight years in industry as a corporate controller and finance director in SaaS, alternative energy, and med device companies. Some of his experiences included leading his team through challenging first-year audits with Big 4 firms, a first-year public company audit and SOX implementation after a fast-paced IPO, multiple systems and ERP implementations, and the build-out of budgeting and FP&A functions. He has liaised as a controller with dozens of accounting firms, including all of the Big 4 and several global firms. Derek is a licensed CPA in the state of Utah and holds both a Bachelor of Science and Master of Accountancy from Brigham Young University.

    X Icon

    Matt Lepley

    Partner

    Matt is a Partner in Connor Group’s Technical Accounting and IPO Services practice and serves as the Boston Metro Leader.

    Matt has significant experience in complex accounting issues including business combinations, leases, revenue recognition, financial instruments, and public offerings. He has strong background in internal control and processes, especially with high-growth companies.

    Prior to joining Connor Group, Matt spent 12+ years at Deloitte in Boston in their audit practice. While at Deloitte, Matt served a broad range of clients including large multi-national entities to emerging growth companies who were both public and private in the technology, consumer products, life science, and financial services industries.

    Matt is a Certified Public Accountant in Massachusetts and graduated from Fairfield University with a B.S. in Accounting, and from Boston College with a M.S in Accounting.

    X Icon

    Randa Ghantous

    Partner

    Randa is a Partner in Connor Group’s Technical Accounting and IPO Services practice.

    Randa has vast experience with multinational companies reporting under US GAAP and IFRS. She also has expertise in SEC reporting, preparation of financial statements, carve-outs, and the resolution of complex technical accounting transactions including revenue recognition, business combinations, debt and equity financings, provisions, assets held for sale, impairment, and fixed assets. Randa has been involved in multiple IPO and other complex transaction engagements. Her clients included companies such as Ultragenyx, Jazz Pharmaceuticals, Aduro Biotech Inc., Invuity Inc., CytomX Therapeutics, Harris and others.

    Prior to joining Connor Group, Randa spent nine years in the Accounting Policy group of Rio Tinto Alcan and her experience included the preparation of SEC filings, statutory and carve-out financial statements, and the resolution of technical accounting issues. In addition, Randa was an Audit Senior Manager at Ernst & Young in California and Greece where her primary responsibilities were the preparation of financial statements under US GAAP and IFRS as well as technical review of IFRS financial statements for Ernst & Young’s Southeast Europe offices.

    X Icon

    Tim Brandt

    Partner

    Tim is a Partner in Connor Group’s Managed Services practice. He specializes in financial statement analysis, preparation and review, month-end close optimization, project management, technical accounting issues and IPO readiness. Tim’s diverse background includes working both internally and externally in companies across multiple sizes and industries.

    Prior to Connor Group, Tim spent ten years in industry in a variety of accounting leadership roles, including Director of Accounting at a global logistics company. Some of his experiences included financial close, leading the global accounting team through implementation of new accounting guidance, redesign of numerous processes, financial statement preparation and review and various system selections and implementations. Tim is also a Big 4 alum, where he worked on integrated audits of both public and private companies.

    Tim holds a Masters of Accounting degree from Brigham Young University and is a licensed CPA in the state of Washington.

    X Icon