Biotechnology Industry Organization Launches Innovative Tool for Researching & Managing Contract Service Providers
Washington, D.C. (June 25, 2014) – The Biotechnology Industry Organization (BIO) announces the launch of BIO BizLink. Powered by OnDeckBiotech, BIO BizLink is positioned to become the industry’s leading resource for connecting biotech and pharma with an unparalleled community of service providers - including pre-clinical and clinical Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMOs) and regulatory consultants.
“BIO BizLink fills a critical need for today’s life sciences industry,” said Jim Greenwood, President & CEO of BIO. “This resource will allow biotech and pharma companies to save valuable time and resources by quickly and easily identifying qualified vendors for upcoming projects.”
OnDeckBiotech, the software developer that powers this new service, indicates that its system has already demonstrated significant savings in time and administrative costs for vendors, biotechs and pharmas. The service helps a biotech or pharma avoid weeks of searching and evaluating vendors. The service also accelerates connections and facilitates the exchange of data confidentially to help expedite the development process.
“We're excited to bring this valuable resource to our cluster,” said Russell Allen, President & CEO of Georgia BIO. “It’s not uncommon for a biotech to spend weeks searching for and evaluating vendors for a particular service – those delays can cost tens of thousands of dollars in overhead and become a significant distraction to the scientific team. BIO BizLink reduces this administrative friction and we expect it accelerate innovation."
On BIO BizLink, vendors maintain a no-cost company profile, including an overview of services, reviews provided by past clients, introductions to key personnel and background documents such as brochures and facility tours. Biotech and pharma companies enjoy free access to this information about the vendor community, as well as complementary tools and resources to help accelerate the development process while protecting their intellectual property.
BIO BizLink was developed and launched as a cooperative effort by BIO, BIO state and regional affiliates and OnDeckBiotech. Accordingly, members of BIO and BIO state and regional affiliates receive certain privileges through the platform not available to non-members, including discounts and expanded access to the platform’s Dedicated Advisors. Current affiliates include:
· Colorado Bioscience Association
· Delaware Bio
· Georgia Bio
· Indiana Health Industry Forum
· Montana Bioscience Alliance
· Virginia Bio
To learn more, visit http://biobizlink.com/.