It’s a universal problem for biotech’s: as they search for the right opportunities, they accumulate masses of competitive intelligence and contact and company information. The type of opportunity the biotech is searching may vary, for some it’s out-licensing for others it’s collaborations, funding or acquisition, but, the end result is always the same – the partnering data piles up.
At first, tracking this information with excel files, emails, personal notes or a combination of all three, works fine, particularly if the team is small or if there are very few opportunities. However, even then there’s a risk that information will disappear when people leave the company or will simply be misplaced or forgotten. Eventually, the information that must be managed pushes the need for a CRM designed for biotechs from nice-to-have to must-have.
Inova’s Partneringplace – Tailor-made to support Biotech’s and their CRM needs
A CRM for biotech centralizes and manages all of this information and more. Inova’s Partneringplace is precisely that – a CRM for biotech companies. Inova’s Partneringplace resembles a traditional CRM in that it allows users to manage contact and company information. As a CRM specialized for biotechs and pharma companies, it goes even further, incorporating key functionalities such as asset and meeting management and importing information from BIO Conferences and Thomson Reuters Cortellis. Thanks to Inova’s Partneringplace, your entire team can effectively collaborate on opportunities in order to find the right one faster.
Going beyond a CRM: Biotech and Pharma Partnering Place
Inova provides more than just a CRM for biotechs and other life science companies. Partneringplace is one part of our end-to-end partnering solution. Inova also provides Deals and Alliances. Together, our products help biotech and pharma companies find and engage with the right partners all the way from their first meeting at a conference through to transforming their new partnership into a successful alliance.