Labviva Automates Chemical Supply Chain for the Life Sciences Industry

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Labviva announced the general availability of Harper Chemical (HarperChem), a new part of its cloud-based inventory management system (IMS). The company debuted HarperChem at this week’s R&D Procurement & Sourcing in Pharma Summit being held at the Hilton Boston Logan Airport.

Labviva officials explained that the life sciences chemical supply chain has traditionally been a bottleneck to R&D innovation, often requiring scientists to stop their research to manually monitor supplies, locate replacement materials, ensure competitive pricing, and maintain purchasing and regulatory compliance.

With the additional impact of tariffs, R&D labs and other chemicals consumers will pay an extra $1.25 billion per year, forcing them to adapt by diversifying supply chains and focusing on efficiencies, said the Labviva team.

To address these concerns, they made the announcement on Harper Chemical, which is an AI-powered chemical search suite that automates supply chain logistics so laboratories can source, store, and replenish vast inventories of raw materials.

“HarperChem provides everything a laboratory needs to power a modern chemical stockroom,” said Ben Daverman, chief strategy officer at Vantive and Labviva board member. “With this new tool, Labviva addresses chemical supply chain inefficiencies by providing the most sophisticated AI tools available, saving time and resources so scientists can re-focus their efforts on developing new products.”

Labviva leverages AI, natural language processing, and large language model (LLM) technologies to validate and harvest chemical properties, Environmental Health & Safety (EHS) information, and publication data using HarperChem, according to Siamak Baharloo, CEO of Labviva, adding that scientists can now search, browse, and purchase products using Labviva’s sophisticated scientific selector tools, with the ability to:

–Enter a chemical name to automatically generate chemical structures, identifiers, EHS details, and regulatory information

–Search extensive catalogs of internally stored, commercially available substances by chemical similarity or advanced chemical substructure

–Purchase chemicals and antibodies from multiple suppliers in a single checkout

–Manage full check-in/check-out, dispensing, weighing, and self-service features to power digitized chemical stockrooms

–Access Labviva’s fully integrated IMS, which enables storing and managing chemicals in the same system as other stock items, creating a one-stop platform for all research materials

–Take advantage of rich data sources that estimate expiration dates and provide chemical storage guidance that is adaptable to customer-specific policies and procedures

–Examine detailed analytics and traceability data to aid with compliance, financial, and other classes of reporting

“Labviva connects pharmaceutical R&D labs directly to 90% of all raw materials suppliers available in the United States and Europe, offering easy purchasing with competitive pricing. With HarperChem’s AI tooling, labs can modernize their chemical stockroom while ensuring compliance, supply chain security, and sustainability,” pointed out Baharloo. “Labviva empowers pharmaceutical companies to optimize chemical inventory, reduce waste, and accelerate new product innovation while offering chemical suppliers an opportunity to compete for the business of several of the world’s leading pharmaceutical, biotech, and university R&D labs.”

Labviva’s intuitive platform operates as a stand-alone solution or directly integrates into leading procurement systems, including SAP Ariba, JAGGAER, Oracle Procurement Cloud, Microsoft Dynamics 365, and Coupa, said Baharloo.