USP Reference Standards Now Available Through Chemdex.com

22-Nov-2000
U.S. Pharmacopeia, the world's leading provider of pharmaceutical reference standards, and Chemdex, a Ventro™ life sciences company and leading provider of business-to-business (B2B) e-commerce solutions, today announced a new service providing full on-line USP Reference Standards ordering capability through Chemdex. USP's Reference Standards now joins the Chemdex marketplace consisting of nearly two million scientific and laboratory products from more than 2,200 suppliers. USP's Reference Standards are highly defined chemical specimens used to carry out tests for identity, strength, quality, and purity, as specified in the United States Pharmacopeia and the National Formulary (USP-NF), the official standards publications for pharmaceuticals and other health care products. Reference Standards are an integral part of the official tests and specifications in the USP-NF that standardize the development of high-quality pharmaceuticals and dietary supplements worldwide. USP currently provides more than 1,250 pharmaceutical Reference Standards-the world's largest collection-to customers around the globe. An additional 370 Reference Standards are under development. "While USP Reference Standards will continue to be available through the USP web site, Chemdex provides USP a well-integrated marketplace for the Life Sciences industry," said Alan Nichols, USP's Director of Reference Standards marketing. "With the promise of streamlining and centralizing the purchasing process, USP Reference Standards customers will benefit from procurement efficiencies and time and cost savings due to consolidated ordering." Chemdex currently has established relationships with more than 150 pharmaceutical, biotechnology and research institutions, known as enterprise customers, all of which benefit from Chemdex's integrated e-procurement solution for the purchasing of scientific and lab products. As the first customer-driven marketplace for life sciences, Chemdex will now allow 37,000 registered scientists, researchers and purchasing managers in the U.S. access to USP Reference Standards, supporting the life sciences industry's efforts to reduce costs and achieve greater levels of research productivity. "Since most of the Chemdex Enterprise Customers are current USP customers," continued Nichols, "this new option helps streamline the ordering process. It's easier to go to one web site for everything you need at once." "Chemdex is committed to connecting suppliers from all areas of the life sciences industry with our enterprise buyers as seamlessly as possible," said Neil de Crescenzo, president and general manager of Chemdex. "As new R&D technologies continue to revolutionize life sciences industry's traditional approach in bringing new pharmaceuticals to market, it's essential that we provide additional tools, products and information that provide researchers with the ability to achieve greater productivity and cost-effectiveness as part of their ongoing research efforts. The ability to provide access to USP's Reference Standards greatly complements our current supplier offerings and allows us to continue to quickly scale the Chemdex marketplace to best meet researchers growing need for contextual purchasing capabilities in conjunction with their regulatory and R&D needs." USP Reference Standards are currently available for purchase at Chemdex's web site, www.chemdex.com and at USP's web site, www.usp.org.

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