Liquidity Services Partners with Biocom California to Enhance Life Sciences Asset Management

On February 10, 2025, Liquidity Services Inc. (NASDAQ: LQDT), a leader in the B2B e-commerce marketplace for surplus asset sales, announced an exciting new partnership with Biocom California, a prominent life science association. This collaboration aims to help life science companies maximize the value of their assets by streamlining the buying and selling of surplus equipment and inventory.

Tim Scott, President and CEO of Biocom California, expressed enthusiasm about the partnership, emphasizing its potential to deliver significant support for surplus equipment liquidation and acquisitions. "We're proud to partner with Liquidity Services to deliver valuable support in surplus equipment liquidation and purchases for life science members in California and beyond," Scott said. He highlighted the partnership's role in driving industry growth by unlocking capital, promoting sustainability, and ensuring idle assets are redeployed in ways that advance life-saving technologies.

The life sciences sector is heavily reliant on specialized equipment for innovation. However, research indicates that organizations typically carry a surplus of up to 20% of their equipment, which could be sold to generate much-needed capital. Liquidity Services aims to address this challenge by providing a robust marketplace that allows companies to efficiently buy and sell quality surplus equipment. Members of Biocom California will have access to exclusive savings that further enhance this process.

Elizabeth Maxted, GM & VP of Capital Assets Americas at Liquidity Services, expressed excitement about the partnership, stating, "We’re excited to partner with Core by Biocom California and its vibrant life science community." Maxted emphasized that the partnership would provide tailored support and excellent returns on unused or undervalued equipment, allowing member companies to focus on their core mission: advancing science and improving health outcomes.

This partnership represents a significant addition to the offerings of Core by Biocom California, which aims to provide its members with a range of carefully vetted partners. The collaboration with Liquidity Services enhances the organization's ability to support member companies in an increasingly competitive and resource-conscious market.

Liquidity Services' platform not only focuses on financial returns but also aligns with sustainability initiatives. The company aids clients in extending the life of their assets, reducing waste, and minimizing carbon emissions. This commitment to sustainability resonates with Biocom California's mission to help its members meet corporate social responsibility goals.

Liquidity Services operates the world's largest B2B e-commerce marketplace for surplus assets, boasting over $10 billion in completed transactions across a network of more than 5 million qualified buyers and 15,000 corporate and government sellers. The company's platform has become essential for businesses looking to manage surplus assets effectively while contributing to sustainability efforts.

Core by Biocom California is dedicated to helping life science companies secure essential products and services at reduced costs, saving members over $376 million annually. With a portfolio of more than 30 unique savings programs and a presence in over 40 states, the organization plays a crucial role in removing barriers to business and enabling industry leaders to focus on scientific breakthroughs and innovation.

The partnership between Liquidity Services and Biocom California marks a significant step forward for life science companies looking to optimize their asset management strategies. By leveraging Liquidity Services' extensive marketplace and resources, Biocom California members can unlock capital, promote sustainability, and ultimately drive innovation within the industry. For more information on how to take advantage of this partnership, interested parties can find the program overview on Biocom California's website.