Purchasing Consortium

Our Purchasing
Consortium saves our
members over $35 million each year.

There is power in numbers! By aggregating the purchasing power of the members companies within MassBio, the Purchasing Consortium allows members to have a strong presence in the marketplace and benefit from competitive discounts and top notch customer service.

The MassBio Purchasing Consortium was the first in the industry, and is developed through feedback from member companies as part of an ongoing effort to help companies extend their burn rate.

Creating Value

  • More than $750,000 in rebates to our membership
  • Nearly $55 million in contract sales
  • More than 75 percent of MassBio members participate.

For more information, please email us or call 617-674-5100.

We continuously evaluate the need of our members and the existing contracts to ensure that we are delivering the best value.

Mission

The Purchasing Consortium mission is to provide value to members of MassBio by leveraging their combined purchasing power to negotiate contracts with primary suppliers providing cost savings and a high level of service.

Charter

The MassBio Purchasing Consortium has been established for the following purposes:

  • To support member companies by assessing their needs and providing contracts and services that will lower overall cost and increase efficiency of commodity acquisition.
  • To work with suppliers who support the biotechnology community to establish productive, positive relationships that will result in competitive and fair contracts and agreements.
  • To provide an ongoing quality review process for contract and supplier evaluation.
  • To serve as a resource for a broad base of supplier product and service information.
  • To assist MassBio as a whole in providing programs that benefit the community.
  • To provide ongoing quality review for contracts and supplier evaluations to ensure that our members are receiving the most competitive pricing and best customer service available in the marketplace.

 

"As a start up, we found the discounts from the purchasing programs to be very helpful. We were able to stretch our dollars further by taking advantage of some great deals, which made it easier to get our custom monoclonal antibody business up and running."

David Foehl
Manager, Antibody Production
Abpro, Inc.