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Press Release

Scientist.com Celebrates 10th Anniversary as Outsourcing Marketplace Leader

Scientist.com
Posted on: 11 Dec 17

Scientist.com, the world’s leading online marketplace for outsourced scientific services, today announced that it is celebrating its 10th anniversary. Since its founding in 2007, the company has worked closely with AstraZeneca, Pfizer, Novartis and ten other large pharmaceutical partners to build a research platform capable of dramatically improving how medical research is done. Scientist.com now has more than 2,250 pre-signed global suppliers in its network, enabling researchers to custom design and purchase thousands of research services in just a few mouse clicks. In 2017, the company raised $24M in VC funding and ranked no. 155 on INC Magazine’s list of the 5000 fastest-growing privately-owned companies in America.

“The Scientist.com marketplace has the power to disrupt the trillion-dollar pharmaceutical industry,” stated Chris Petersen, Scientist.com’s CTO and Founder. “We are pioneering a radically more efficient approach to medical research that greatly speeds up drug discovery and substantially reduces the cost of bringing new cures to market.”

Traditionally, pharmaceutical research experiments were carried out by hundreds of internal researchers working in huge company-owned laboratories. By enabling researchers to easily outsource experiments that were previously done in-house, Scientist.com has created a new, more effective drug research process. The marketplace saves time, reduces costs, improves access to the latest research tools and helps ensure compliance with internal and governmental regulations.

“From inception, our mission has been to empower and connect scientists worldwide,” stated Kevin Lustig, PhD, Scientist.com’s CEO and Founder. “Today, a single highly-experienced drug hunter can use the Scientist.com marketplace to communicate with thousands of global experts and carry out an entire drug discovery project from concept to clinic, without ever requiring physical access to a laboratory.”

About Scientist.com

Scientist.com is the world's leading marketplace for outsourced research. We connect scientists with thousands of pre-signed commercial suppliers offering discovery, pre-clinical and clinical research services. 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, VWR International and the US National Institutes of Health (NIH). Since its founding in 2007 (as Assay Depot), 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. The company is headquartered in San Diego, CA with offices in Cambridge, MA and Cambridge, England. Visit scientist.com to learn more.

Join Scientist.com on social media: YouTube, LinkedIn, Twitter, Facebook, Google+ and Instagram.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005011/en/

Business Wire
www.businesswire.com

Last updated on: 11/12/2017

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