Scientist.com (formerly Assay Depot), a San Diego, CA-based marketplace for outsourced research, raised $24M in equity financing.
The round was co-led by Boston-based Leerink Transformation Partners (LTP) and 5AM Ventures with participation from Heritage Provider Network, Bootstrap Ventures and Jack Giarraputo.
The company intends to use the funds to expand its pharmaceutical outsourcing marketplace.
Led by Kevin Lustig, PhD, President and CEO, Scientist.com connects buyers and sellers of pharmaceutical research services, showcases innovative tools and technologies and streamlines the “source-to-settle” process.
The company currently has multi-year partnerships with 12 of the top 25 large pharmaceutical companies and the US National Institutes of Health (NIH). Thousands of commercial suppliers (CROs) have already joined the network.
Clients include hundreds of small pharmaceutical companies, government organizations, research universities, biotechnology companies, regional bioclusters and academic labs.