MassBio launches Innovation Exchange

September 29, 2010

MassBio’s Innovation Exchange has officially launched. The exchange, the only true and secure web-based connection between buyers and sellers, is proven to help MassBio members accelerate partnering and deal-making.

We are excited to have secured a number of verbal commitments from large pharma companies in the first month alone, and are working to reach a goal of 10 charter members by the close of 2010. Charter members receive a safe and secure “first look” access within the Innovation Exchange to leading edge technology and IP in theMassachusetts supercluster that meets their specific strategic pipeline requirements.

Become a charter member of the Innovation Exchange, and gain access to world class IP and leading biotech companies with platforms and technologies specific to your requirements, leading you to more efficient and effective business development. Each charter member will receive a customized innovation plan to maximize the MassBio network of cutting edge biotechnology companies and academic researchers.

The exchange will also be used to fully integrate MassBio’s Pharma Day experience into a year-round model for greater collaboration and performance.

On the seller side, academic medical centers, universities and biotech companies looking to out license have a confidential and secure common application process that is both intuitive and business focused, a realtime status on the interest in their technology submissions and the ability to review the specific portfolio needs of the buyers in the exchange.

“We are thrilled to launch the Innovation Exchange, which we know leverages MassBio’s established status as a convener of buyers and sellers, and our existing suite of programs and services focused on innovation and collaboration,” said Imran Nasrullah, MassBio Chief Business Officer.

For more information, e-mail or call 617-674-5100.

Check out information on all of MassBio's new Innovation Services online here.

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