Pharmaceutical Manufacturing

With over six decades of valuation and auction experience and with the use of Internet technology, Dovebid has the power to assist corporations, financial institutions and government agencies to regain billions of dollars through auctions of their capital assets. For a scientific research company, for example, it would be difficult to put their idle laboratory contents, such as pharmaceutical manufacturing equipment, for sale in a general auction. This is because the products are so specialized. The company would only be able to get maximum value for such assets in an industry-specific auction.

Dovebid conducts industry-specific auctions that cover more than 25 categories. Excess stock of surplus equipment and products are a source of revenue for its owners. This stock generally accumulates quickly and takes up valuable warehouse, laboratory or office space. Dovebid Management Services (DMS) has an Asset Management program to assist companies to identify surplus assets and efficiently redispose of them or redeploy them. This program provides visibility of unused or surplus assets. For example, unused pharmaceutical manufacturing equipment in a company can be identified and the company can then decide whether to redeploy the pharmaceutical manufacturing equipment elsewhere in the organization, or if they should be put up for auction.

The Asset Management program also puts into effect a set of best practices and provides comprehensive training to staff. DMS field workers work in conjunction with the company’s staff representatives to carry out site visits. These visits enable the company to identify idle or surplus assets and maintain a surplus inventory. Once surplus assets are visible on the system, the decision can easily be made as to whether they should be redeployed within the company or whether they should be marketed to the public for external disposition. A surplus of pharmaceutical manufacturing equipment or products can be auctioned off or can be put to use elsewhere in the organization.

DoveBid’s skilled professionals pride themselves on always putting the client first by providing benefits to buyers as well as sellers. Dovebid strives to always provide accurate evaluations and good advice. Being an international company, Dovebid carries out both web-based and on-location auctions as well as value-added services are available for remote buyers. Trained asset inspectors are available to assist remote clients by visually inspecting assets in situations where the buyer is unable to personally do so. If a buyer from Singapore is interested in pharmaceutical manufacturing equipment in a US Dovebid auction, he/she can make use of the Inspection Services and have an inspector to view the products.