Scientist.com Partners with BIO® to Deliver Time and Cost Savings to Members
SAN DIEGO--(BUSINESS WIRE)--Oct 2, 2018--Scientist.com, the world’s largest marketplace for outsourced scientific services, today announced a new partnership with the Biotechnology Innovation Organization (BIO), the world’s largest trade association representing biotechnology companies, academic institutions and state biotechnology centers across the United States and in more than 30 other countries. The partnership will allow BIO membership—including state and regional biotech associations—to access the Scientist.com marketplace, connect with global experts and purchase custom research services with preferred and exclusive terms.
“After a highly competitive bidding process, BIO selected the innovative scientific marketplace developed by Scientist.com to democratize and streamline research and development for companies ranging from a virtual startup to a multinational pharmaceutical,” said Jim Greenwood, the President and CEO of BIO. “Scientist.com’s award-winning marketplace will save our members time and money and enable them to easily access the latest innovative tools and technologies.”
Biotechnology companies are increasingly pursuing a virtual approach to life science research with the majority of research services required for drug discovery are outsourced to global contract research organizations (CROs). Scientist.com brings together over 2,600 pre-qualified CROs onto an e-commerce platform and makes it easy for biotech researchers to connect with experts, design experiments, and then purchase on demand. Scientist.com makes it possible to outsource everything but the genius TM.
“BIO Business Solutions ® is the largest cost-savings program in life sciences sector, helping its member companies get the volume-based discounts, competitive terms, and other benefits on research products and services,” said Kevin Lustig, PhD, Scientist.com’s CEO and Founder. “The Scientist.com marketplace enables BIO member scientists anywhere to connect with thousands of pre-qualified contract research organizations (CROs) and purchase custom research services without legal or finance delay.”
Scientist.com is the world’s leading marketplace for outsourced research. The marketplace simplifies the entire research sourcing process, saving time and money and providing access to the latest innovative tools and technologies while maintaining full compliance with an organization’s procurement policies. Scientist.com operates private enterprise marketplaces for most of the world’s major pharmaceutical companies, many top biotech companies, VWR and the US National Institutes of Health (NIH). Since its founding in 2007, Scientist.com has raised more than $33 million from Leerink Transformation Partners, 5AM Ventures, Heritage Provider Network, Bootstrap Ventures and Hollywood producer Jack Giarraputo among others. Visit scientist.com to learn more.
BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO’s blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.
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