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Covance launches marketplace to connect biotech, big pharma clients

30/06/2014 by


The Covance MarketPlace aims to help biotech companies more effectively showcase their molecules to larger pharmaceutical companies as they continue to increase their own in-licensing efforts. The tool will help to compile all of Covance’s development work with prospective partners, and compile molecules typically early in their development lifecycle, such as at the IND/CTA-enabling, first-in-human or proof-of- concept phase.

John Watson, Chief Commercial Officer and president of strategic partnering at Covance, told that Covance is trying to find ways to create more value for clients, and to boost the outcomes for molecules, “whether it’s an exit strategy or taking them to market.”

“As we spoke with our biotech clients we realised there’s still a big need to gain more exposure and get access where possible and tell their story as opposed to being found in a molecule library,” Watson said. “Big Pharma still readily admits that they miss molecules and they want to cover the full landscape.”

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