SAN FRANCISCO, Oct. 15 /PRNewswire/ -- SourceSolution, a leader in
search technology for the biotechnology and pharmaceutical industries,
announced today that it is on target to launch a new initiative next month,
which reduces the time and cost of screening contract manufacturing and
research organizations (CMOs/CROs). The proprietary technology will be
offered to customers as a Software as a Service (SaaS) database. The
database will allow users to perform detailed searches of service provider
capabilities against customizable project requirements.
The web-based platform will simplify the initial screening process for
both buyers and service providers. Currently, biotechnology and
pharmaceutical companies have limited tools at their disposal to
efficiently evaluate CMO/CRO capabilities. Limited tools force many of
these companies to engage in a cumbersome and time-consuming exchange of
data in RFIs or RFPs. SourceSolution users may select standardized
capability and regulatory criteria in searches for contract providers. CMOs
and CROs will update and maintain these profiles to ensure that all
potential clients are accessing information that is current and accurate.
Effective initial screening will reduce expenses that would be incurred
when there is an incomplete understanding of project requirements and
capabilities for both parties. Once a buyer identifies a number of
CMOs/CROs for further evaluation, the service providers will be notified
that their capabilities have matched with potential projects and will be
provided with a qualified sales lead for follow-up.
The initiative will be launched in November prior to the American
Association of Pharmaceutical Scientists (AAPS) annual meeting in Atlanta,
Georgia. As part of the launch, SourceSolution will be offering a number of
free webinars in October and November. More information can be found by
visiting http://www.sourcesolution.com/webinar/overview.html.
"SourceSolution is excited to present what we believe will be a
powerful tool for the biotechnology and pharmaceutical industries as well
for contract service providers. We understand that the purchase decisions
for outsourced product development activities are complex and through this
initiative, we hope to streamline this process," stated Premila Anand,
Founder and CEO of SourceSolution.
About SourceSolution, Inc.
SourceSolution, Inc. is committed to simplifying initial outsourcing
decisions for biotech and pharmaceutical companies. The company is uniquely
positioned as the largest global directory of Contract Research and
Contract Manufacturing Organizations (CROs and CMOs) that offer
regulatory-driven, product development services. SourceSolution allows
users to screen potential service providers based on criteria including
technical capabilities, regulatory compliance, facilities, equipment,
company information, and user ratings by service line. SourceSolution's
streamlined format allows for a cost-effective unbiased evaluation of
potential suppliers. Visit http://www.sourcesolution.com for more
information.
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