A commercial-stage molecular biotech firm was unable to pull the trigger on their IPO and were in the early stages of acquiring additional financing in order to continue their operation. During this time, a number of their key accounting and finance professionals were leaving the organization and concentrating their efforts on finding the next pre-IPO biotech.
The outgoing team engaged Transition Staffing Group to recruit for the organization and to ultimately fill the positions that were being vacated. We had a discovery meeting to understand the true needs and plans for the future so we could react as quickly as possible, since time was of the essence. Any downtime within these roles meant significant strain on the department.
Our team was able to locate a new Vice President of Accounting within the first 24 hours of the search, and quickly placed the candidate on a project-to-perm basis. Corporate financing was secured, the VP of Accounting was converted to full-time permanent status and the outgoing team was able to vacate their roles without leaving the organization in dire straits.