Collaboration provides drug discovery researchers access to European distribution and local support for library of in-stock and on-demand compounds

Riga, Latvia and Shanghai, China, February 13 2019: Chemspace and LabNetwork, a WuXi AppTec company, both online marketplaces for chemical compounds used in drug discovery, today announced they have entered into a collaboration agreement. Under the agreement,LabNetwork’s products will be available on www.chem-space.com, with distribution and technical support provided by Chemspace for European customers. The collaboration expands the market reach of both companies to pharma and biotech companies.

The Chemspace database encompasses over 100 million unique chemical building blocks, fragments and screening compounds, and is the world’s largest library of purchasable chemicals. The online catalogue includes in-stock and make-on-demand molecules, offering an easy, fast way to search using a broad range of filter options, such as substructure, similarity, and by using various text identifiers.

Use of the Chemspace database is free-of-charge for customers. There are no license fees for users to review and access the platform. Chemspace invites global chemistry suppliers, ranging from small to large organizations, to upload their catalogues to the site, to provide an efficient solution for buyers when sourcing chemicals.

Dr Yurii Moroz, CEO at Chemspace, commented: “The collaboration with LabNetwork will provide drug discovery scientists, medicinal chemists, and academic researchers access to a vast diversity of high-quality products. We see a lot of synergy in our companies combining forces both from a business perspective and also to improve availability of compounds to the research community. Ultimately to shorten the drug discovery process in the hope of finding better cures for patients, quicker.”

About Chemspace www.chem-space.com

Chemspace is a global eCommerce Marketplace and provider of drug discovery services through Delivering Discovery Solutions platform. Chemspace offers access to the world’s largest database of small molecules: building blocks, fragments, and screening compounds. Delivering Discovery Solutions platform provides services through Chemspace valued partners which bring cutting edge expertise in their field to the customers.

About Delivering Discovery Solutions

Fully-integrated Delivering Discovery Solutions are minimizing risk and maximizing success for Chemspace customers around the globe. Chemspace offers a number of flexible business models that help manage development risk, conserve R&D budget, and reward successful elaboration outcomes. Chemspace works with customers and partners to deliver a fully flexible package of discovery capabilities.

Chemspace Compound Collection, combined from world-known suppliers, kick-starts drug discovery projects of any complexity. As a part of Delivering Discovery Solutions, Chemspace offers over 100 million make-on-demand compounds that can be prepared, delivered, and screened within weeks, expediting structural-activity relationship studies (SAR) with high IP potential.

About LabNetwork, a WuXi AppTec company www.labnetwork.com

LabNetwork, a WuXi AppTec company, is a global eCommerce platform with the vision of connecting suppliers and buyers for research products. Backed by WuXi AppTec’s expertise in R&D, sourcing, quality control, warehousing and logistics, LabNetwork will bring trusted, novel, and high-quality compounds from WuXi’s global network of qualified providers to the chemistry and research communities worldwide. LabNetwork’s mission is to enable scientists anywhere in the world to leverage the LabNetwork platform to conduct their research more efficiently and cost effectively. For researchers and chemists, LabNetwork provides sophisticated web and mobile tools that allow customers to use keyword/chemical structure/list search with intelligent ranking to get the best result.