A UK-based provider of drug discovery data management solutions has been awarded a Frost & Sullivan award for its contribution to the life sciences industry.
ID Business Solutions (IDBS), based in Guilford, was rewarded for its willingness to partner with pharmaceutical and biotechnology companies to achieve scientific and business excellence.
The company received the 2008 Frost & Sullivan European Bioinformatics Service Differentiation Innovation Award.
By enabling the companies in the life sciences market to integrate research and business data, IDBS helps organisations make intelligent business decisions in a market that is characterised by budgetary restrictions and strong competition.
Another feature was the extensive scientific and IT expertise of the company's staff, which was identified as helping the company achieve an average of 15% per year in a highly competitive and fragmented market.