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  • Article Galaxy Blog

October 8, 2020

BIO: A Cost Savings Partnership for Life Sciences Companies

Posted by: Mitja-Alexander Linss

The COVID-19 crisis has highlighted a need across biotechnology firms and other life sciences companies to find new ways to accelerate discovery—while containing R&D costs. Although the global pandemic has created a heightened sense of urgency to address these challenges, they are not new to the industry.

In fact, according to Deloitte's 2019-2020 Life Sciences Global Cost Survey, the vast majority of life sciences companies reported aggressive cost reduction targets of 10 percent or higher, but most (88%) failed to fully achieve their targets. The report also found that most life sciences companies are looking to digital solutions as a way to save time and cut costs—with automation noted as the technology expected to be most actively implemented over the next two years.

Automating Workflows for Time- and Cost-Savings 

An early pioneer in making scientific research more accessible, we have always been focused on helping our customers save time and money via automated research workflows. Now, we’ve taken another step forward by partnering with the Biotechnology Innovation Organization (BIO)—the world’s largest trade association for the life sciences industry—to help research-driven companies further minimize the time and costs associated with scholarly literature acquisition.

As the newest preferred partner in BIO’s cost-savings program, BIO Business Solutions, we are offering BIO members an exclusive discount on Article Galaxy Enterprise, our cloud-based document retrieval platform. By automating and streamlining complex and time-consuming workflows, Article Galaxy helps life sciences companies achieve their cost-reduction targets.

BIO Member Savings: Via the BIO Business Solutions program, BIO member companies will benefit from:

  • 15% off an annual Article Galaxy Enterprise subscription
  • 14-day free trial of Article Galaxy, with no obligation to continue
  • 20% average reduction in article spend

Additional Savings via Article Galaxy: BIO member companies that leverage the BIO Business Solutions program to sign up for Article Galaxy will further benefit from the platform's array of time- and cost-saving features, including: 

  • On-demand access to 70M+ journal articles across major publishers
  • Full-text PDFs delivered via email within minutes
  • Single or bulk article order processing in less than a minute
  • Article access at the point of discovery on 70+ popular search tools
  • Low-cost filtering, including Open Access and existing subscriptions
  • Duplicate order alerts and central literature management

To learn more about our participation in the BIO Business Solutions cost-savings program, or to sign up for a free 14-day trial of our enterprise platform, please send an email to bio@researchsolutions.com or contact an Article Galaxy expert.

 

Topics: scientific research life sciences research open access R&D Biotech BIO Deloitte cost savings Biotechnology Innovation Organization