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SAN DIEGO - Scientist.com, the world’s largest B2B marketplace for outsourced R&D services, today announced a partnership with Austrade, the Australian Trade and Investment Commission. The partnership will give Australian biotechnology companies online access to the three thousand pre-qualified research suppliers in the Scientist.com network. It will also help Australia-based research suppliers connect with customers at most of the world’s top pharmaceutical and biotechnology companies.
“We are excited to launch this partnership with Scientist.com to facilitate further connections between Australian biotechs and global suppliers, as well as Australian suppliers with customers worldwide,” said Nicola Watkinson, General Manager, Austrade. “In the rapidly changing global research market, this partnership will position Australia to better compete in the new industry paradigm.”
Australia is home to some of the world’s leading scientists, physicians and healthcare professionals. It boasts world-class medical research and healthcare infrastructure, a stable socioeconomic environment, a strong intellectual property regime and globally competitive tax incentives for research and development (R&D) investment. International companies are rapidly expanding into Australia because it is well placed to take advantage of major shifts occurring in R&D.
Global companies can easily access and use the large and growing Australian market for preclinical and clinical drug research. Data produced in the country is accepted globally by the United States Food and Drug Administration (FDA) and by the European Medicines Agency (EMA), the governing bodies overseeing new drug approvals in the US and EU, respectively. The Australian Government is also investing heavily in research conducted nationally—with AU$20B (US$13.8B) earmarked for health and medical research by 2020-21; more than AU$1B (US$690M) of which is focused on clinical trials.
“This partnership with Austrade will accelerate the pipelines of Australian biotech companies and enable them to compete more effectively on the global stage,” stated Kevin Lustig, PhD, Scientist.com’s CEO and Founder. “The Scientist.com marketplace enables small Australian biotech companies with a handful of outstanding scientists to compete successfully against international pharma companies a thousand times their size.”
About Austrade
The Australian Trade and Investment Commission (Austrade) is the Australian Government’s international trade promotion and investment attraction agency. It generates market information and insights, promotes Australian capability, and facilitates connections through its extensive global network. To discover how Austrade can help your business visit http://austrade.gov.au for further information.
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Scientist.com
Scientist.com is the world’s largest and first platform built for the intricacies of scientific outsourcing.
We help pharmaceutical and biotechnology organizations discover, engage, manage, and scale relationships with the providers that support every stage of the pipeline—from discovery and preclinical research to clinical development, manufacturing, medical affairs, and commercialization. Through a centralized platform, organizations can access a global network of 6,000+ providers, streamline sourcing and procurement workflows, maintain compliance, manage supplier relationships, and leverage data-driven insights to make faster, more informed decisions.
Today, Scientist.com supports more than 130 life science organizations, including 24 of the world's top 30 pharmaceutical companies, helping teams reduce operational complexity, accelerate timelines, and bring innovations to patients faster. Our mission is to make it possible to cure all human disease by 2050.