There’s one number every biotech founder knows cold: the monthly burn rate. Every founder knows precisely how many months they have left. What most founders don’t know is how much of their burn rate comes from procurement. It’s not the cost of your reagents or lab supplies. It’s the time you spend looking for products, […]
Category: <span>Biotech</span>
Small Companies, Bigger Bills: Why Biotech Startups Need Purchasing Power to Access Enterprise Pricing
You’re running a two-person biotech startup and spending roughly $8,000 to $15,000 every month on lab supplies. When you contact Fisher Scientific, VWR, or another major distributor, you’ll likely receive their standard pricing. If you’re fortunate, you might receive a one-time startup discount of around 5%. Meanwhile, a pharmaceutical company spending $2 million each month […]