Kemiex to launch first online trading solution for pharmaceutical ingredients & additives Startupticker.ch | The Swiss Startup News channel
Summary
The funds will be used to launch a B2B trading platform for Active Pharmaceutical Ingredients (APIs) and Additives for the pharma, veterinary, food and feed industries. Established in 2017, Kemiex provides a commodity exchange platform to traders, buyers and sellers that meet predefined quality assurance and financial due diligence criteria. The platform instantly connects users to a global network of qualified counterparties, enabling them to minimize transaction lead times, achieve more competitive prices and to stay in full control of the whole trading activity. The introduction of an online trading platform marks a quantum leap for these industries as currently many market participants are facing issues to identify reliable and compliant counterparties globally. Recent research found that the global API market is expected to grow at an annual growth rate of about 6% to exceed US$ 215 billion by 2023.