Aventis Selects SciQuest for Biological Materials Management.Business Editors RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--May 20, 2003 Leading Pharmaceutical Company Implements Lifecycle Biologicals Manager (TM) to Consolidate and Leverage Biological Sample Inventory SciQuest, Inc. (Nasdaq: SQST) today announced that Aventis Pharmaceuticals (NYSE NYSE See: New York Stock Exchange : AVE) has implemented LifeCycle(TM) Biologicals Manager to consolidate and leverage biological sample inventory at two worldwide sites. Aventis licensed LifeCycle Biologicals Manager for use in their Industrial Operations business unit, which is involved in the development and scale-up of microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. strains and vectors for producing therapeutic compounds through fermentation and cell culture methods. During the first phase of implementation, Aventis will use the materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, solution to track over 2,500 unique microbial strains in more than 20,000 individual containers throughout Aventis process development facilities in Frankfurt, Germany and Vitry-sur-Seine, France. "We expect LifeCycle Biologicals Manager to provide a rapid return on investment by giving our researchers global visibility into available biological inventory and eliminating redundant sample generation. By supplying scientists with fast, accurate searches of biologicals and electronic sample requisitioning, we expect to reduce both processing errors and acquisition times-- ultimately increasing researcher productivity," said Heinrich Decker, global manager of microbiology activities for Aventis Industrial Operations. "We have worked closely with SciQuest to develop this product and have been impressed with their ability to translate our needs and requirements into a best-of-breed solution." LifeCycle Biologicals Manager is a materials management solution for life science organizations seeking to consolidate biological assets and related data to enable global access to samples used and created in the drug discovery process. Biologicals Manager assists research-intensive organizations in all aspects of biologicals management including collection, characterization, acquisition and logistics. The solution enables researchers to submit biological samples into a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. database using customized forms that capture key properties specific to each sample class, such as vectors and microbial strains. Using a comprehensive search interface, researchers locate and order biological samples from local or centralized storage facilities. Repository managers can fulfill orders and globally manage sample inventory through integrated tools. Aventis is the first company to implement all three of SciQuest's materials management solutions. The leading pharmaceutical company has also installed Reagent Manager to track and monitor chemicals and reagents used in the discovery processes, as well as Substance Manager to manage proprietary compounds. "Aventis is a visionary leader in the pharmaceutical industry that recognizes that effective materials management is inextricably in·ex·tri·ca·ble adj. 1. a. So intricate or entangled as to make escape impossible: an inextricable maze; an inextricable web of deceit. b. linked to accelerating the Innovation Supply Chain," said Kerry May, vice president of worldwide sales for SciQuest. "We're excited that such an innovative company has championed LifeCycle Biologicals Manager by becoming an early adopter of this technology." About SciQuest SciQuest provides technology, services and domain expertise to optimize procurement and materials management for the life sciences, industrial research and higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. markets. SciQuest solutions enable research-intensive organizations to reduce costs, improve quality and speed the process of innovation by helping them find and acquire resources and manage the lifecycle of critical assets. Many of the world's leading pharmaceutical, biotechnology, chemical and academic organizations rely on SciQuest solutions to streamline the Innovation Supply Chain including GlaxoSmithKline, Pfizer, Roche, Schering-Plough Research Institute, Procter & Gamble, the Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. and Indiana University Indiana University, main campus at Bloomington; state supported; coeducational; chartered 1820 as a seminary, opened 1824. It became a college in 1828 and a university in 1838. The medical center (run jointly with Purdue Univ. . SciQuest is headquartered in Research Triangle Park, NC, with offices in Philadelphia, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and London. For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100. Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including all statements regarding benefits that may be derived from the LifeCycle Biologicals Manager materials management solution. For such statements, the Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements are discussed in the Company's Quarterly Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the period ended December 31, 2002, filed with the Securities and Exchange Commission, under the caption "Factors That May Affect Future Results". SciQuest and SelectSite are registered trademarks of SciQuest, Inc. LifeCycle and HigherMarkets are trademarks of SciQuest, Inc. |
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