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Alacrita Launches “Foothold America”

June 11, 2014

CAMBRIDGE, Massachusetts and LONDON, June 11, 2014 /PRNewswire/ –

Establishes New Business to Help International Companies Hire Their First Employees in
the United States

Life sciences consulting firm Alacrita [http://www.alacritaconsulting.com ] announced
today that it has launched “Foothold America [http://www.footholdamerica.com ]“, a new
business which enables non-US life science companies to easily hire their first employees
in the United States. The US is the largest life science market and establishing a
presence quickly becomes a strategic priority for most ambitious companies. Foothold
America removes the administration, bureaucracy and effort that international companies
face when looking to establish a physical presence.

Despite the attractiveness of the US market, there are numerous barriers that foreign
companies face if they want to be close to their biggest customers. Employing a US worker
directly subjects the foreign entity to US tax and liability. The foreign company could
decide to form a US subsidiary to hire employees, but that entity is required to recruit
the right individual(s), organise tax returns, payroll, employee tax, social security,
insurance, immigration checks, withholding, worker’s compensation, banking and healthcare,
an option which overwhelms many companies looking to hire just a small number of
employees.

Foothold America hires the employees and provides services to its clients under a
standard consulting agreement. This removes the bureaucratic burden from the foreign
company, leaving it to focus on growing its business while having a full time, dedicated
resource in the US market.

Rob Johnson, Partner at Alacrita and a co-founder of Foothold America said: “While we
fully expect that many companies coming to the US will eventually establish a corporate
presence, Foothold America enables foreign companies to tackle the US market earlier, with
greater confidence and lower risk. The employees work within our support network in
Boston, allowing them to benefit from our wide range of contacts in the life science
industry. We also, naturally, provide them with a strong sense of belonging, ensuring they
do not feel isolated given the geographic distance.”

Dr Jim Freeth, Managing Director at Retrogenix and Foothold America’s first client,
said: “The US is our biggest market and, although we have already started to penetrate the
market, it was imperative that we grew our US client base as quickly and effectively as
possible. The ‘Foothold America’ programme was the perfect solution to our needs, and I
would fully recommend this to other non-US life science companies with similar needs and
ambitions to ours.”

Notes to editors

About Foothold America

Foothold America, an Alacrita business, enables non-US life science companies to
easily hire their first employees in the United States. Foothold America hires the
employee and provides services to its clients under a standard consulting agreemen. This
removes the bureaucratic burden from the foreign company, leaving it to focus on growing
its business while having full-time, dedicated resources in the US market.

http://www.footholdamerica.com

About Retrogenix

Retrogenix is a rapidly growing UK-based biotech company providing a unique target
deconvolution service to pharmaceutical and drug discovery companies. Retrogenix has
research agreements with most of the top ten global pharmaceutical companies, numerous
drug discovery companies, as well as many academic and non-for-profit institutions across
the world.

http://www.retrogenix.com

About Alacrita

Alacrita is a rapidly growing management consulting firm providing expertise-based
services to the pharmaceutical, biotechnology and life science sectors. The firm is
supported by an unrivalled team of experts who operate across the spectrum of life
sciences. They combine extensive international industry experience (strategic, technical
and commercial), broad functional capabilities and a track record of success across the
industry.

http://www.alacrita.com

        Foothold America:
        c/o Alacrita LLC
        One Broadway, 14th floor
        Kendall Square, Cambridge, MA 02142
        Tel: +1-617-758-4119

        Dara Khan
        dkhan@alacrita.com

SOURCE Alacrita


Source: PR Newswire



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