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Liquidity Services Article on the State of the Used Equipment Market in BioPharm International

Liquidity Services- November 20, 2013

Liquidity Services executive Tom Burton opens his article on the state of the used equipment market, published earlier this month in BioPharm International, with a clear market summary: “Mainstream adoption of buying and selling used biopharmaceutical equipment has created an economical way for organizations to make and save money through the resale of surplus assets.”

Many people would not be surprised to know that most dollars in the pharmaceutical industries are spent funding research and development of pharmaceutical drugs. However, as the market changes, certain health care needs take precedence, and regulations modify with election cycles, the equipment required to produce the latest drugs must also adjust to meet the needs of consumers and regulatory compliance.

As Tom Burton — the President of Liquidity Services’ Capital Assets Group — mentions, it was “unheard of for pharmaceutical companies to sell surplus equipment on the secondary marketplace” even 15 years ago. “Instead, most equipment would end up sitting idle in a laboratory or would be disposed in a less than environmentally conscious fashion.”

It’s no longer acceptable for non-sustainable means of asset disposal to be an option on the table and as companies continue to focus on their core business, the disposition of surplus and idle assets can become an efficient tool for growth and innovation.

View the full article on the state of the used equipment market in BioPharm International and contact us to discuss your organization’s surplus asset management and recovery needs.

Liquidity Services

Liquidity Services (NASDAQ: LQDT) employs innovative e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients. We operate a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients worldwide. With nearly $7 billion in completed transactions, and 3 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.