Corixa Selects SciQuest's SelectSite APA Software Solution to Enhance On-Line Procurement Process.Business Editors, Health & Medical Writers 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.--(BW HealthWire)--Sept. 5, 2001 Advanced Procurement Solution Helps Optimize e-Commerce Capabilities SciQuest, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SQST), a technology and solutions company providing integrated e-commerce and research asset management solutions for research enterprises and their supply chain partners worldwide, announced today that Corixa Corporation (Nasdaq: CRXA), a leading developer of immunotherapeutics with a commitment to treating and preventing autoimmune disease autoimmune disease, any of a number of abnormal conditions caused when the body produces antibodies to its own substances. In rheumatoid arthritis, a group of antibody molecules called collectively RF, or rheumatoid factor, is complexed to the individual's own gamma , cancer and infectious disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. by understanding and directing the immune system immune system Cells, cell products, organs, and structures of the body involved in the detection and destruction of foreign invaders, such as bacteria, viruses, and cancer cells. Immunity is based on the system's ability to launch a defense against such invaders. , has selected SciQuest's SelectSite APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture (TM) as their enterprise solution for improving their end-to-end online procurement capabilities. "At SciQuest, we understand that research-intensive organizations require tools designed specifically for scientists in order to maximize the benefits that e-commerce offers," said Jamie Duke, Vice President of Products, Operations and Strategy for SciQuest. "SelectSite APA(TM) provides industry specific search, procurement, order management and reporting features that are configurable to a specific company's business practices, allowing our client's to take full advantage of e-commerce savings and maximize return on investment." SciQuest SelectSite APA(TM) provides scientific organizations with specialized procurement capabilities such as contract pricing and configured catalogs, workflow approval systems and online order history. This industry-specific solution delivers these capabilities within an architecture that is highly configurable and scalable for research organizations, which range from single-site biotech to global pharmaceutical companies. "We selected SciQuest's advanced procurement application to more effectively source laboratory products, a function that is vital to our research and drug discovery practice," said Kris Keppeler C.P.M., Purchasing Manager A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. , Corixa. "Adoption of SelectSite APA(TM) is expected to streamline our purchasing cycle by integrating information directly into our systems, eliminating manual data entry, freeing up time to work more closely with suppliers and allowing us to save time and reduce costs." "It is our goal to leverage SciQuest's industry experience to provide to the world's leading pharmaceutical, biotechnology and other research intensive organizations with tools that will solve real research and business problems," said Stephen J. Wiehe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SciQuest. "SelectSite APA(TM) is another example of how SciQuest continues to offer enterprise-level and domain-specific solutions that help scientific organizations enhance their research capabilities." About SciQuest SciQuest is a technology and solutions company that provides integrated e-commerce and research asset management solutions for research enterprises and their supply chain partners worldwide. Its domain expertise, proven technologies, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. capabilities uniquely position SciQuest to make e-solutions work for science. The Company's platform and solutions can be utilized independently or integrated with leading software, automation equipment and supplier systems to enhance innovation, reduce costs, and improve operational effectiveness for scientific organizations worldwide. Headquartered in Research Triangle Park, N.C., the Company has offices in Philadelphia 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 the results or effects of SciQuest's SelectSite APA(TM). 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-Q Form 10-Q See 10-Q. for the period ended June 30, 2001, filed with the Securities and Exchange Commission, under the caption "Factors That May Affect Future Results". |
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