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.
How significant are the savings?
$
590
M
Aggregate Savings in 2020
4,679
Companies Participating
BIO Business Solutions has been saving life sciences companies time & money for over 20 years!
Browse the cost savings available for your organization:
R&D & Laboratory
From pipettes to research-grade microscopes, we have you covered.
BIO is best known for world-class advocacy, education, and events BUT did you know that BIO also operates the largest cost-savings program for the life sciences industry, BIO Business Solutions®? Learn more!
BIO Business Solutions offers StemBioSys access to world-class business partners at preferred prices. For a small company like ours, this combination is clearly a win-win proposition!
Bob Hutchins
President & CEO, StemBioSys
We are using programs for things like office supplies and lab supplies and the savings come out to about 200K a year. That’s money we’ve been able to invest right back into our research so BIO Business Solutions® has definitely been a great choice for us.
What is BIO Business Solutions®? How does BIO Business Solutions® work?
BIO Business Solutions® is the largest cost savings program for the life sciences industry, operated by BIO. BIO Business Solutions® negotiates significant volume-based discounts, favorable terms, and other benefits on products and services with industry leading suppliers on behalf of BIO members and the members of state and regional biotech associations.
Who is BIO (Biotechnology Innovation Organization)?
The Biotechnology Innovation Organization (BIO) is the world’s largest trade association representing the life sciences industry. BIO members are leading the research and development of innovative healthcare, agriculture, industrial, and environmental products. We bring members together with others in the industry and advocate around the world for policies and regulations that support the needs of biotech businesses large and small.
The BIO Business Solutions® program is available to all BIO member companies and of members of all participating state and regional biotech associations. There is no charge for member companies to participate in the program as it is a benefit of membership. Member companies can take advantage of one, some, or all of the special pricing arrangements offered through the BIO Business Solutions® program. Click here for a list of state/regional associations that offer the BIO Business Solutions® programs to their member companies.
What are the advantages of participating in the BIO Business Solutions® program?
Over 4,600 companies currently use BIO Business Solutions® and, together, save over $590 million annually through the program. The discounted prices and value-added features available are negotiated based on the pooled buying power of thousands of life sciences companies of all sizes across North America, giving you the same purchasing power as the largest life sciences companies.
How is BIO related to the state and regional biotechnology associations? Does BIO own or manage state and regional biotech associations?
BIO partners with a network of independent state and regional life science associations (BIO’s network of state affiliates) to support policy initiatives and business development activity. These state affiliates provide BIO with “grass roots” support. As part of our partnership with the state affiliates, BIO makes the BIO Business Solutions® program available to their members. The members of participating state associations may also use the program at no additional charge, as the program is a benefit of their memberships.
Are these cost-savings programs only for life science companies?
While some of the individual BIO Business Solutions® programs are relevant to only life science companies, some of the programs are relevant and available to any company in any industry!
How can the BIO Business Solutions Customer Success Team Help?