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Technology Stocks : CMDX - Chemdex, another CMGI gem

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To: jay silberman who wrote (103)9/17/1999 11:19:00 AM
From: djane  Read Replies (1) of 200
 
Nice PR this week. Chemdex Procurement Solutions Gain Widespread Adoption In the Life Sciences Market

Delivering Flexible, End-to-End Procurement for Customers Of All Segments, All Sizes

PALO ALTO, Calif., Sept. 14 /PRNewswire/ -- Chemdex(TM) Corporation (Nasdaq: CMDX), the leading provider of
business-to-business e-commerce solutions for the life sciences industry, today announced the widespread acceptance of its
procurement solutions for the life sciences market, with a total of 49 companies that have selected Chemdex systems. Chemdex
is the only company that provides a vertical marketplace, hosted procurement and comprehensive services and support to the
life sciences industry.

Companies such as SmithKline Beecham, Rhone-Poulenc Rorer, Genome Therapeutics and many biotechnology companies
and academic institutions have recently chosen Chemdex as their provider of e-commerce solutions for laboratory supplies.


Chemdex procurement solutions address the entire procurement cycle for life science companies across all market segments.
The solutions are designed to streamline the existing business practices of research laboratories, regardless of their size -- from
small biotechnology companies to large pharmaceutical corporations.

Only Chemdex offers life science companies a flexible, end-to-end procurement solution for purchasing laboratory supplies.
Key components include:

-- Robust online marketplace: the most comprehensive one-stop shop for
laboratory supplies, helping researchers and purchasing professionals
make fast, informed buying decisions.
-- Hosted procurement: a Web-based procurement application tailored to
each customer's purchasing business rules, reducing the total cost of
ownership.
-- Comprehensive services and support: customer service ensures timely
order fulfillment, professional services guarantee rapid implementation
and long-term account care facilitates adoption, maximizing
productivity gains.

"Business-to-business e-commerce requires a lot more than a Web site. Chemdex delivers a complete solution, demonstrating
our long-term commitment to life sciences," said David Perry, president, CEO and co-founder of Chemdex. "We are thrilled
with the level of customer commitment we are seeing in return."

About Chemdex

Chemdex Corporation is the leading provider of business-to-business electronic commerce solutions for the life sciences
industry. Chemdex provides the only complete e-commerce solution consisting of an extensive online marketplace with
biological and chemical reagents, lab supplies, instruments and equipment; hosted procurement, tailored to the unique business
requirements of each customer; and comprehensive services and support. Uniting enterprises, buyers and suppliers, Chemdex
solutions streamline business processes, enhance productivity and reduce costs. Chemdex customers include pharmaceutical
and biotechnology companies, as well as academic institutions. For more information, visit Chemdex at www.chemdex.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding
Chemdex's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Risk
factors and other details are described in the company's Registration Statement on Form S-1 and in the company's other filings
with the Securities and Exchange Commission.

SOURCE: Chemdex Corporation
CONTACT: Amy McKnight, 415-512-0770, or mcknight@schwartz-pr.com, or Brett Weiner 415-512-0770, or brettw@schwartz-pr.com,
both of Schwartz Communications, Inc., for Chemdex Corporation; or Marsha Dillon of Chemdex Corporation, 650-813-0300, ext. 261, or
mdillon@chemdex.com
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