A B2B online trading solution for APIs launches

A B2B online trading solution for active pharmaceutical ingredients (APIs) has been launched by Swiss-based Kemiex in partnership with credit insurance firm, Atradius.

This online trading solution aims to change the way in which companies buy and sell APIs and additives through introducing a holistic and neutral commodity exchange option. The platform is made for traders, buyers and sellers that meet predefined quality assurance and financial due diligence criteria. Typical buyers are traders, manufacturers of finished products and premixtures. Sellers are traders, distributors and selected European ingredient manufacturers.

Accessible at any time of the day, every day, the platform covers the full trade process, from quoting a product request to trade exaction and document management in addition to other value-added services such as reporting and pricing intelligence. It is now open for registration with trading set to be launched later on this year.

“Our team is excited to introduce this new B2B trading solution to the pharma, vet, food and feed industries and create a superior one-stop-shop for trading APIs, additives & excipients,” commented Kemiex CEO Pau Franquet. “While there are other solutions that try to improve certain aspects of sourcing APIs, we are confident to say that Kemiex is the first holistic online trading platform providing safe trading with reliable counterparties, worldwide.”