Podcast Sponsor: Assay Depot- The world's largest cloud-based Research Exchange for pharmaceutical research services. Assay Depot is currently sponsoring the Open Science Challenge. Submit your research plan to assaydepot.com, for a chance to win from the $10,000 prize pool. Guest: Elizabeth Iorns, CEO, Science Exchange Bio and Contact Info Listen (4:21) What is Science Exchange? Listen (3:06) Who are the providers? Listen (1:33) Advantages of being vendorized Listen (3:02) Will this send jobs overseas? Listen (11:06) Participation in Y Combinator Listen (3:55) Is this the future? Listen (1:38) New site trends Outsourcing is more and more the trend in bio these days. In an effort to reduce the huge cost of drug development, big pharma is teaming up with universities and small biotech. One hears of new virtual companies set up relying completely on a network of partners, much like NuMedii, a company we recently profiled. Yet there are challenges that come with outsourcing. Elizabeth Iorns and her colleagues have started scienceexchange.com to address just those challenges. The site is being referred to as an eBay for science. A former researcher herself at the University of Miami, Elizabeth joins us today to tell us about this new marketplace and how it solves outsourcing challenges.