Overview
Labviva is an AI-powered procurement platform designed specifically for pharmaceutical companies, biotech firms, and research institutions. The platform provides access to a private marketplace connecting labs directly to 90% of raw materials suppliers in the United States and Europe, offering automated purchasing, inventory management, and supply chain optimization for chemicals, antibodies, bioreagents, proteins, and laboratory equipment.
Frequently asked questions
- What products and suppliers does Labviva connect to?
- Labviva connects pharmaceutical R&D labs directly to 90% of all raw materials suppliers available in the United States and Europe. The platform provides access to chemicals, antibodies, bioreagents, proteins, laboratory equipment, and devices through a specialized private marketplace tailored to life sciences procurement.
- How does Labviva's AI technology improve the procurement process?
- Labviva leverages AI, natural language processing, and large language model technologies to validate and harvest chemical properties, Environmental Health & Safety information, and publication data. The platform provides 1:1 product comparisons across vendors, price and shipping comparisons, responsive search results, and supplemental information like peer-reviewed papers and molecular structure breakdowns to enable informed purchasing decisions.
- What cost savings and operational benefits does Labviva offer?
- Labviva's automated inventory system helps labs cut stocking and sourcing costs by as much as 41%. The platform streamlines the requisition process, reduces waste, ensures compliance and supply chain security, and accelerates new product innovation while helping organizations optimize chemical inventory and align purchasing with financial goals.