OnDeckBiotech today announced the beta launch of ondeckbiotech.com, an online community and platform to streamline contract research and development by connecting biopharma companies with contract service providers.

“The industry is at a crossroads as organizations of all sizes increasingly incorporate contract services as critical components of their business model,” stated Cliff Culver, Founder of OnDeckBiotech, who went on to cite global market size estimates at nearly $20 billion.“We are seeing labs, CROs, and CMOs around the world provide cost-effective services without compromising quality.The flexibility allows many companies to operate more efficiently than would have been possible 10 years ago, a clear advantage in today’s competitive fundraising environment.”

Outsourcing has historically required significant investment in management resources to identify qualified vendors, structure complex transactions, and protect intellectual property. OnDeckBiotech dramatically simplifies the process by combining a secure channel for biopharma companies and vendors to network with advanced tools and templates to simplify the engagement process.

“Our mission is to ensure that administrative management never stands in the way of developing a promising compound,” Culver stated. “The industry needed a way to streamline the outsourcing process by reducing administrative overhead and eliminating the time wasted to identify quality service providers.We are excited for OnDeckBiotech to be a key part of that solution.”

With the launch underway, OnDeckBiotech is now inviting biopharma companies, vendors, and consultants to join the community.For more information, please visit http://www.ondeckbiotech.com.

About OnDeckBiotech

OnDeckBiotech is building a global community and platform to connect biopharma companies and contract service providers. Biopharma companies benefit from free access to a global network of service providers and complementary tools and resources to conduct diligence while protecting their intellectual property. Contract service providers use OnDeck to raise awareness for their services while networking with biopharma companies and pay nothing unless they win new business.