ZAGENO is on a mission to accelerate scientific innovation by streamlining biotech purchasing processes with its award-winning, first-of-its-kind e-commerce platform. With over 25 million product SKUs available from more than 5,000 unique product brands, ZAGENO makes online shopping for any research material convenient, efficient and reliable. The ZAGENO experience includes its Scientific Score, a best-in-class product rating system that offers unbiased, peer-reviewed ratings to support accurate purchasing decisions. Available on desktop, tablet, and mobile devices, ZAGENO makes biotech purchases easier than ever and is an ideal sales channel for suppliers and partners. Founded in 2015, the company is headquartered in the United States and has additional offices in Germany, and Poland. For more information, visit www.zageno.com.

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ZAGENO Inc.

R&D scientists, the true MVPs: Help them deliver more with less.
Biotechs are facing an innovation deficit. 2023 is a landmark year for loss-of-exclusivity (LOE) and biosimilar challenges. Per Beyond Borders: EY Biotechnology Report 2023, five blockbuster drugs are falling off the patent cliff in 2023, with another seventeen products currently representing over US$145 billion in annual revenues losing patent protection over the next five years.

The crushing pressure to make up for lost revenue from LOE and to increase R&D efficiency falls primarily on the shoulders of scientists. To help them succeed, the industry needs to give them tools to do more with less. 

Some suggestions here: https://hubs.li/Q025xLjW0

How can biotechs extend their runways? 
Let's start with one of your big expense bucket, usually lab supplies. How could you save time and money there:
- How could you spend less time ordering lab supplies
- how could you spend no time adding new vendors
- how could you deal more efficiently with your fragmented long tail spend of vendors...

Take a look at you private life: when you need to save time (and money), you use marketplaces, such as Amazon, Etsy, Airbnb or Lyft. Why not do this for when you deal with lab supplies?

Pin this infographic on your desk and give it some serious thought, what if you started using a Lab Supply Marketplace: https://hubs.li/Q025xLRP0

Top 8 Benefits of Using a Life Science Marketplace 

Life science marketplaces have become a key tool to help growing R&D biotechs scale lab operations. With the help of marketplaces, lab managers no longer need to spend their valuable time poking around various vendor websites and comparing supply lists, equipment delivery dates, and product costs of various suppliers in order to find the best quality items for the lowest costs. In a world affected by supply chain limitations, product shortages have led to scientists requiring more vendors, and marketplaces offer the benefits of multiple vendors’ worth of supply options along with the simplicity of a single vendor of record.

Lab supply marketplaces serve as a central hub on a single platform where scientists can go to find the supplies, equipment, and tools they need. With a variety of vendors displayed side by side, lab managers reap the benefits of complete cost transparency. In a life science marketplace, specialty vendors are allotted the same visibility as more dominant brands and suppliers and scientists can find what they need using advanced search functions. They can also save their order for one-click re-ordering, saving hours of manually adding lab items to the online shopping cart.

Let’s take a closer look at the benefits for lab managers and scientists when utilizing a life science marketplace for their lab supplies: https://lnkd.in/gsuftjwy

7 Tips for CFO Spend Visibility 

Spend visibility is a core priority for CFOs and finance teams. Understanding the flows of capital through and beyond the company is crucial for expense management, compliance, and effective reporting. You cannot manage what you cannot measure: improving spend visibility is a critical first step for CFOs in improving the capital efficiency of their organizations.

To help CFOs and finance teams at biotech companies, we created this spend visibility guide with seven best practices: https://lnkd.in/g9UPUTEZ

How Finance Teams Can Improve Productivity with An Online Marketplace 

Experts estimate the cost to run a biotech lab can range from $10,000 to $40,000 per day. For a biotech organization, it can be as much as $100,000 per day. Consequently, research labs need to seize every opportunity to stay productive. Finance and Procurement teams are often burdened by lots of complex, administrative workflows, and many work with manual processes like Excel spreadsheets and paper forms that are error prone. When you enable your finance and procurement teams to optimize workflows using modern technology, you empower your entire company to save precious time and money.

For new biotech labs, getting set up with the right lab management tools right off the bat will be crucial in laying the foundation for your productivity: https://lnkd.in/gAkgtrEz

Lab Budgeting Resource Guide for Finance & Procurement 

Budgeting is an important skill that isn’t usually a major part of science academia. While building and managing budgets comes naturally to finance and procurement folks, preparing and sticking to a lab budget is not everyone’s cup of tea.

Overspending early in the year might force you to cut back later in the year and have to compromise on lab equipment/supply quality to make ends meet. Underspending might result in a loss of surplus funds. However, with the right tools, you can help the lab create and stick to reasonable budgets, increase lab efficiency, and secure the materials and equipment needed to hit research milestones: https://lnkd.in/gxFbmY3k

Looking forward to catching up with our RTP customers, see you there!

Lifting the Curtain: 3 Truths about Life Science Lab Supply Savings

Running a lab is not cheap. Experts estimate that operational costs can range anywhere from $10,000 to $40,000 per day to run a biotech and as much as $100,000 per day for some pharmaceuticals. A huge component of these costs are lab supplies, specifically the preclinical R&D lab supply space with a market size of around $60 billion. Our Q3 2021 analysis of customer data identified three key insights into the life sciences procurement process that can be used to achieve significant savings: https://lnkd.in/gzMwWjD3

Biggest Operational Risks for Biotech Finance Teams + How to Avoid Them 

Traditionally, biotech startup costs were steep, think: $10M minimum. Now, due to infrastructure changes, it’s more achievable, but can be close to $100K at the low end of the spectrum. Every decision for growing biotechs depends on lab budget and lab operations and management. One manual, inefficient process or poor decision can take up half the year’s budget or delay research milestones significantly.

Today, biotech finance teams are working closely with lab managers to set up efficient, modern workflows that incorporate the latest software and lab technology. By eliminating operational risks like inefficient lab spend going unnoticed or wasting precious scientists’ time on manual tasks, biotechs can innovate faster and use funding effectively: https://lnkd.in/gmjuWWzj

2023 Lab Operations Checklist for Biotechs 

There are over 3,000 lab operations jobs currently available on Indeed and that number is predicted to rise rapidly in 2023. As biotech labs crop up left and right to support scientific and medical innovation, lab operations roles become more critical to helping these startup labs grow.

Moving from pre-clinical to clinical operations requires efficiently managing funding, hiring and retaining lab staff, and maintaining research timelines to hit milestones. Here’s how labs are relying on organized operations workflows to scale and innovate: https://hubs.li/Q020JcC30

ZAGENO is a life science marketplace designed to simplify the process of providing research scientists with the supplies they need, enabling them to spend more time on science and achieve breakthroughs.

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