RALEIGH, N.C. (January 5, 2010) Tim Gupton, partner and executive committee member of Hughes Pittman & Gupton, LLP (www.hpg.com), the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, has been re-elected as treasurer of the NCBIO board of directors. Gupton is an NCBIO founding member and has served on the board, executive committee and as treasurer since the organization’s inception in 1994.
“Tim has been an extremely valuable member of our leadership team since NCBIO’s establishment,” says Sam Taylor, NCBIO president. “In addition to his service as our treasurer, Tim has provided insights and guidance on a host of issues, including proposed changes in state tax laws, capital formation policy and other matters directly affecting start-up life science companies.”
With more than 30 years of public accounting experience, Gupton has served as the start-up CFO for seven biopharmaceutical companies in the Research Triangle, and is a founder and general partner of Research Triangle Ventures, a venture capital firm focused on early stage investments. Currently, Gupton is a co-founder and CFO for Alphavax Inc., a vaccine company based on new genomic vector technology from the University of North Carolina, and Colucid Pharmaceuticals Inc., a pharmaceutical company developing migraine drugs licensed from Ely Lilly.
“Biotechnology and life sciences are among the fastest growing industries in North Carolina,” says Gupton. “I am proud to continue to serve with NCBIO as it leads the way in these growing sectors.”
Gupton’s service on the NCBIO board continues a strong commitment by HPG to the advancement of Triangle technology industries. The firm and its members are active with CED, The North Carolina World Trade Association, the North Carolina Technology Association, SEBIO, the Triangle Game Initiative and the Small Business and Technology Center.
HPG is the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, as ranked by the Triangle Business Journal. More than just an accounting firm, HPG assists clients in looking beyond the bottom line by being the right people, right value and right firm to achieve each client’s definition of success. HPG is a member of CPAmerica International and affiliated with the Horwath alliances of firms, with offices worldwide. The firm leverages this to provide national and global accounting resources to its clients. HPG offers a wide array of business accounting, auditing, corporate tax and management advisory services. Specialties include serving owner-managed, investor-backed technology and life science organizations, healthcare services, real estate development, manufacturing and distribution businesses, as well as providing ERISA audits, family wealthcare services and Sarbanes-Oxley internal audit services.
HPG has remained committed to advancing a thriving Triangle community since its founding in 1983. In recognition, the firm is the recipient of two Pinnacle Business Awards by the Greater Raleigh Chamber of Commerce; the 2009 Large Entrepreneurial Business Award and the 2010 Integrity in Business Award. Several HPG partners are also the recipients of excellence awards, including the CED Outstanding Service and Entrepreneurial awards, Business Leader Magazine’s Impact Financial Leader and Dealmaker recognitions, and the Triangle Business Journal’s 40 Under 40 and Women in Business awards. Visit www.hpg.com of follow HPG on Twitter at http://twitter.com/HPGcpas.
Formed in 1994, NCBIO is the trade association for North Carolina?s bioscience industry. The Organization has more than 150 members doing business in human and animal therapeutics, diagnostics, medical devices, and agricultural and industrial biotechnology. For more information about NCBIO, visit www.ncbioscience.org.