They have begun the process of becoming public. They are also under the wings of CMGI.
They have a partnership with VWRX to put their 1,000 page scientific laboratories catalog on the web to streamline costs.
From the CMGI website:
Chemdex Corporation - an @Ventures investment
Investment: 16% Owned
chemdex.com
3950 Fabian Way
Palo Alto, CA 94303
650.813.0300 Tel
650.813.0304 Fax
Chemdex Corporation is the leading provider of electronic commerce solutions for the life science industry, uniting buyers and suppliers in a single Web marketplace. Offering more than 160,000 products from over 80 leading life science suppliers, Chemdex provides the first one-stop source for scientists and purchasing agents. In addition, the company's custom procurement solutions support purchase order approval and contract pricing for pharmaceutical and biotechnology companies, universities and government research labs.
Mission
To bring suppliers and customers of life science products together by establishing an online marketplace of unprecedented scale, ease, and efficiency.
Strategy
Chemdex is creating this marketplace by incorporating thousands of products from multiple suppliers into a single easy-to-use database that is e-commerce enabled, developing industry-wide relationships with buyers of life science products, and creating a state-of-the-art system that provides a truly efficient search engine and electronic commerce interface. In addition, Chemdex has developed custom procurement solutions for their pharmaceutical, biotechnology, university, and government customers. In pursuit of this goal, Chemdex has assembled a team of scientists, Internet pioneers, and life science industry executives dedicated to dramatically improving the process of buying and selling life science products.
Main Services
For researchers and buyers, Chemdex provides an efficient web-based system for purchasing research supplies. Chemdex allows research organizations to greatly reduce their cost of placing an order without sacrificing financial control. This system includes integrated purchase order approval, a "customized" catalog containing the organization's preferred vendors, and other features, which reduce the time and effort, spent ordering products.
For suppliers, the Chemdex system allows companies to gain the expanded reach and efficiency of an e-commerce system without having to invest in the technology themselves. Customer's Researchers in biotech and pharmaceutical laboratories as well as academic institutions and government funded laboratories. Benefits Customers Reduced cost of placing an order from $70 - $120/order with the current method down to $15 by using Chemdex. Less time spent by researchers looking for products. More information at the time of purchase, resulting in better buying decisions. Supplier's Expand reach to gain new customers Gain e-commerce ordering capability Sell directly to customers. Offer more timely and accurate technical information than a catalog.
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