Science Exchange Appoints Jim Emerich as Chief Financial Officer

September 29, 2017 | Posted by Team in News |

Veteran finance executive Emerich joins Science Exchange to help lead the company through next phase of growth

PALO ALTO, CA, SEPTEMBER 28, 2017 Science Exchange, the world’s leading and most secure platform for outsourced research and development (R&D), announced today it has appointed Jim Emerich as Chief Financial Officer (CFO).Science Exchange CFO Jim Emerich

In this role, Emerich will provide hands-on, metrics-driven financial leadership to help accelerate growth for the company. He will oversee and lead the budgeting and planning process, monitor and communicate progress of key business and financial objectives, and articulate the key drivers of cost and revenue.

“We are thrilled to welcome Jim to our management team. His track record of successfully navigating businesses through periods of financial growth speaks for itself,” said Elizabeth Iorns, Ph.D., co-founder and CEO of Science Exchange. “Science Exchange is in a period of rapid expansion, and Jim will play a key role as we take this business to the next level, helping us accelerate our profitability and guide our financial planning.”

Emerich brings more than 25 years of finance and operations experience to Science Exchange, with a history of boosting performance through fiscal analysis and strategy. Most recently, Emerich was the CFO of BrightEdge Technologies Inc. Previously, he served as CFO at Avangate Inc., Appiro Inc., and Mulesoft Inc. In addition, he has held executive finance roles at SalesForce.com, NotifyMe Networks, NBC Internet, Inc., LDM Technologies, Inc., and General Electric Plastics.

“I have been impressed with Science Exchange’s growth trajectory, the breadth of its service provider network, its client roster of the world’s top bio and pharma companies, and the strength of its current financial operations,” said Emerich.  “The company has proven indispensable to both researchers and R&D organizations, helping to drive both efficiency and access to innovation. I look forward to working with the team to help guide Science Exchange through this next phase of growth and development.”

 

Science Exchange Signs on as LabCentral Sponsor to Support Life Science Startups with Outsourced Services

August 30, 2017 | Posted by Team in News |

LabCentral Partners with Science Exchange

Cambridge-based LabCentral’s high-potential startups will now have access to the Science Exchange network of more than 2,500 qualified scientific service providers

PALO ALTO, Calif. and CAMBRIDGE, Mass. (August 30, 2017) – Biotech innovation hub LabCentral today announced that it has signed Science Exchange, the world’s leading and most secure platform for outsourced research and development (R&D), as a sponsor to support its life science and biotech resident startups. Companies within LabCentral’s shared workspaces are now able to order R&D services instantly via a customized Science Exchanged-powered marketplace, with access to more than 2,500 qualified scientific service providers.

“We’ve designed LabCentral as a supportive and nurturing environment designed to inspire interaction and collaboration, providing everything that early-stage companies need to thrive, moving their science forward faster, and cost-effectively,” said LabCentral Cofounder and President Johannes Fruehauf, M.D., Ph.D. , LabCentral. “We’re thrilled to have Science Exchange support our companies by offering instant access to their network of innovative service providers — it’s another way we can provide our startups the resources they need to accelerate their groundbreaking discoveries.”

LabCentral joins more than 30 enterprise clients that are using Science Exchange-powered marketplaces to manage their outsourced R&D. This partnership addresses the needs of LabCentral’s unique ecosystem, giving its startup network the same level of access to advanced scientific services that is enjoyed by Science Exchange’s established global pharmaceutical and biotechnology clients. With these new resources, early-stage companies will be able to continue to drive their discoveries forward.

A biotech innovation hub, LabCentral is a first-of-its-kind shared laboratory space designed as a launch-pad for high-potential life science and biotech startups. It offers fully permitted laboratory and office space for dozens of startups. LabCentral provides facility and administrative support, skilled laboratory personnel, and other critical services and support that early-stage companies need to begin laboratory operations on day one.

“The opportunity to partner with organizations like LabCentral is why we founded Science Exchange six years ago,” said Dr. Elizabeth Iorns, founder and CEO of Science Exchange. “We deliver efficient and secure access to thousands of qualified scientific service providers – removing significant barriers to innovation and helping companies bring important products to market faster.”

The Science Exchange marketplace will help LabCentral’s resident companies:

  • Gain immediate access to qualified service providers. Science Exchange offers a network of more than 2,500 service providers that have been qualified through a stringent, ISO 9001-certified evaluation process that includes metrics tied to performance on past projects.
  • Reduce administrative and regulatory review costs. Under the partnership, all service providers on the LabCentral-Science Exchange network are available under a single contract that protects intellectual property and confidentiality. Science Exchange’s in-house audit team also conducts inspections to ensure that contracted service providers possess necessary certifications, licenses, informed consent of subjects, and data security.
  • Save time and money. The LabCentral entrepreneurs and startups working on groundbreaking scientific discoveries will now be able to quickly request competitive bids through the Science Exchange platform and select the right partner to keep their projects on track. 

About LabCentral (www.labcentral.org; twitter @labcentral)

LabCentral is a first-of-its-kind shared laboratory workspace in the heart of the Kendall Square, Cambridge, biotech innovation hub. Designed as a launchpad for high-potential life-sciences and biotech startups, it offers everything startups need to begin laboratory operations on day one and move their science forward faster and more cost-efficiently. This includes: fully permitted laboratory and office space, first-class facility and administrative support, skilled laboratory personnel, a domain-relevant expert speaker series ‒ as well as the other critical services and support. A private, nonprofit institution, LabCentral’s first site opened in 2013, thanks to a capital grant from the Massachusetts Life Sciences Center, with support from its real-estate partner, MIT. Founding sponsors include Triumvirate Environmental and Johnson & Johnson Innovation.

 

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