Discount Purchasing Programs
Virginia Bio Members Save More Than $8M Each Year
BIO Business Solutions is the largest cost savings purchasing program for the life sciences industry, operated by BIO.
BIO Business Solutions pools the purchasing power of thousands of life sciences companies across North America to negotiate for exclusive pricing and favorable terms on things like lab supplies, office supplies, insurance, and much more.
Virginia Bio Members Save More Than $8M Each Year
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Avantor Discount Savings
- Up to 75% savings on lab supplies
- Access to a hot list of more than 8,000 items
- Special pricing on capital equipment items with list price of over $1,100
- E-commerce rebate if most of your orders are places online
- No hazardous materials handling fee
- No minimum order required
- No shipping charges for products shipped from any of Avantor’s regional distribution centers
| Lab Supplies Spend Range | Average Savings Off List price |
|---|---|
| > $3M | $3,179,925 |
| $1M - $2M | $2,195,838 |
| $2M - $3M | $1,097,413 |
| $500k - $1M | $585,697 |
| $250k - $500k | $292,304 |
| $100k - $250k | $124,781 |
| $50k - $100k | $55,298 |
| $25k - $50k | $27,047 |
| $10k - $25k | $11,820 |
| < $10k | $2,996 |
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Bio-UPS Program Savings
| Shipping Services | Savings Off List Price |
|---|---|
| UPS Next Day Air | 52%-74% |
| UPS 2nd Day Air | 45%-59% |
| UPS 3 Day Select | 45%-59% |
| UPS Ground Comm. | 36%-44% |
| UPS Worldwide Int. | Up to 68% |
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Bio Member Benefits – ADP
- 20% discount on tax credit services and free initial R&D assessment
- Up to 25% off on HR services
- Waived administrative fee for ADP TotalSource® for 3 months
- Access to RUN Powered by ADP® payroll and HR for small businesses with less than 50 employees
- Access to ADP Workforce Now®, which includes HR, payroll, benefits administration, talent management, and compliance functionality
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Bio Member Benefits – CHUBB
- Competitive premiums for companies at all stages
- Low minimum premiums for early stage companies
- Dedicated loss control and claims specialists for members
- Access to proprietary tools to assist in developing insurance values
Clinical Trials, Errors and Omissions, Product, and Professional Liability Cyber Insurance:
- 10% premium credit (subject to regulatory limitations)
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UniFirst – Uniform and facility service savings of 30-50%
Benefits:
- 1 week complimentary service upon new agreement execution
- No price increases for 3 years
- Customer favorable terms
- Free lab coat pressing included with rental program
- Hygienically clean garments & uhf chip technology
- Free company and name emblems on initial installation
William Stilley
Deals are complicated enough without making the due diligence process more complicated than it needs to be. I’ve used a number of data rooms over the years on both the buy- and sell-side of transactions and Sharevault is the most intuitive and functional of any of them. Sharevault allows for effective and efficient data access while providing full control, visibility, and security. Sharevault was so useful in our transactions that we also began using it for internal document storage and sharing.
Crystal Icenhour
I started and sold one biotech company, and now I’ve started and am growing another. Virginia Bio is a key resource for us for all the well known reasons, but also for this: membership gives us access to a national scale group purchasing program for almost all our needs, from lab to office to business. We have saved tens of thousands of dollars over the years using the BioPurchasing Program, and use it today.