ChemNavigator.com
This article was originally published in Start Up
Executive Summary
After executives at drug discovery firm Arena Pharmaceuticals went through the laborious and time-consuming process of contacting suppliers to assemble a large library of chemical compounds for screening, they knew there must be a better way. They thus hit upon the idea of an e-procurement business to supply compounds for pharmaceutical lead optimization, forming ChemNavigator.com Inc. in 1999. ChemNavigator.com is the first e-commerce company to aggregate global suppliers of chemical compounds for drug discovery, its founders believe.