PharmaMar

PharmaMar is a company focused on marine-inspired oncology treatments. With the aim of developing innovative products for healthcare professionals to treat cancer, PharmaMar is committed to research and development that looks to the sea to find molecules with antitumor activity.

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Headquartered in Madrid, Spain and with a focus on international growth demonstrated by multiple subsidiaries and affiliates across Europe and the US, PharmaMar wanted to raise its profile in the UK and Ireland in order to sell cancer treatment products to British and Irish hospitals and healthcare providers.

Blick Rothenberg advised on the structure and trading model for PharmaMar’s UK business. We meet periodically with the PharmaMar team at its UK offices to understand its business needs and assist with any challenges faced. We provide on-going management accounting, VAT compliance, payroll and back office administrative support, together with assistance with the preparation of annual statutory accounts and tax filings. We have also assisted with ad hoc matters such as obtaining an Irish tax clearance certificate to facilitate sales in Ireland.

As we took care of its management reporting, financial administration and tax and accounting compliance work, PharmaMar was able to focus on growing its UK and Irish presence and marketing its products.

Of our services, PharmaMar said: “We are more than satisfied with the services that Blick Rothenberg are providing. They advise us in different fields (labour, accountancy, taxes) and they are not mere consultants as they give us a continuous added value suggesting improvements in daily issues. Also, they keep us informed with time enough regarding relevant issues and try to anticipate as much as possible future events.

Our communication is very fluent on the day-to-day work but we also meet periodically with them to talk about changes in business model, in procedures, in possible improvements… Deadlines are met strictly, which is something really important for us as being part of a Listed Group.”

For more information, please contact partner Simon Gleeson at simon.gleeson@blickrothenberg.com