Thanks to an expanded database, anyone who works at Pennsylvania Bio member companies will have access to information to strengthen not only their own business, but the sector as a whole throughout the state.
Pennsylvania Bio has teamed up with Scranton-based Life Science Analytics to release the new and improved MedTRACK Database. The database is a comprehensive business development tool offered by PennsylvaniaBio member companies as part of their membership.
“This expanded database allows our members to conduct due diligence for business development activities, partnerships, and collaborations,” says Pennsylvania Bio president Mickey Flynn. “Key features, such as worldwide patents, competitive products, trend analysis, and other tools ensure that our members can find the information they need to continue growing their companies and Pennsylvania’s bioscience industry.”
Life Science Analytics provides company info on more than 16,000 companies worldwide. Pennsylvania Bio members can search for things like active ingredients (by product name or associated symptoms), analyze royalties paid to companies for their products, and estimate sales forecasts by taking into account patent expiration and regulatory approval. Members of the media also have access to the database for accurate, up-to-date information.
A host of other tools are also new, like Competitive Products, Drug Delivery, Extended Product Profiles, Merger Tool, M&A Search, Milestone Calendar, News Manager, Pipeline Profile and Trend Analysis. Ultimately, Flynn says, the hope is to provide targeted screener capabilities to quickly perform market assessments and evaluate potential partners.
Source: Mickey Flynn, Pennsylvania Bio
Writer: Joe Petrucci