Contract Drug Development Resource, goBalto, Launches New Web-Based Platform, g... ( goBalto establishes new online platfo...)

Contract Drug Development Resource, goBalto, Launches New Web-Based Platform, goBalto.com

Date:4/21/2009

goBalto establishes new online platform to help pharmaceutical companies find, evaluate and manage drug partners from around the world, reducing inefficiencies in the drug development lifecycle

SAN FRANCISCO, April 21 /PRNewswire/ -- goBalto, an online drug development partnering site for the pharmaceutical development and drug manufacturing industry, announced today its new platform and website, goBalto.com. goBalto transforms the way drug-development partners are matched. The web-based platform enables members to quickly and efficiently find partners, share knowledge, and discover opportunities.

"U.S. and EU pharmaceutical companies are under pressure to reduce costs and boost efficiencies in the drug development process," said Jae Chung, founder & CEO, goBalto. "As a result, companies are increasingly looking towards outsourcing to help reduce costs. But it's challenging for companies to identify and evaluate drug service providers. goBalto is addressing this by creating an online resource where users can quickly find and evaluate drug service providers, resulting in improved transparency and better decision making."

goBalto incorporates the following key features for its members:

Search and browser tools to screen from more than 7,000 potential service providers (investigator sites, CMOs, CROs, and consultants) to help customers find the right partner
Lists of potential service providers based on technical capabilities, regulatory compliance, facilities, equipment, and more
Capability to rate companies and post comments on vendors
Functionality to post about projects and jobs specific to the pharmaceutical industry
Ability to make and share collections of vendors for each project
Easy to read vendor summary profiles, incorp
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