Chemdex
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Chemdex Corporation, later known as Ventro Corporation and then NexPrise, Inc., was a B2B e-commerce company that first operated an online marketplace for products related to the life sciences industry such as laboratory chemicals, enzymes, and equipment, but later expanded into a few other industries.<ref>Template:Cite news</ref> It was notable for its $7 billion market capitalization during the dot-com bubble despite minimal revenues.
History
The company was founded in September 1997 by David Perry, a mid-level oil refinery manager at Exxon whose business plan won 2nd place in a Harvard University competition.<ref name=S1>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=fatal>Template:Cite news</ref>
In October 1998, the company launched its service.<ref name=fatal/>
The company raised $45 million in venture capital funding from Genentech founder Robert A. Swanson, Kleiner Perkins Caufield & Byers, and CMGI.<ref name=fatal/>
On July 27, 1999, the company became a public company via an initial public offering that raised $112.5 million. After its shares soared 60% to $25 per share on its first day of trading, the company had a market capitalization of $758 million despite only having $29,000 in sales in 1998 and $165,000 in sales in the first quarter of 1999, 82% of which came from Genentech.<ref>Template:Cite news</ref><ref name=S1/><ref>Template:Cite news</ref>
In September 1999, the company acquired Promedix.com for $340 million in stock. In December 1999, the company acquired SpecialityMD.com for $115 million in stock and formed a joint venture with Tenet Healthcare.<ref>Template:Cite news</ref> The stock price surged to over $100.<ref>Template:Cite news</ref>
In February 2000, the company changed its name to Ventro Corporation.<ref name=10K/> News of the name change sent the stock up 30% in one day, to $155 per share.<ref>Template:Cite news</ref>
On February 25, 2000, the stock price peaked at $243 per share.
In December 2000, the company shut its Chemdex and Promedix marketplaces and laid off 235 employees.<ref>Template:Cite news</ref>
By June 2001, shares in the company traded for 39 cents each.<ref name=fatal/>
On August 9, 2001, the company acquired NexPrise and in January 2002, the company changed its name to NexPrise, Inc.<ref name=10K/>
On February 4, 2002, the company acquired InfoPrise.<ref name=10K/>
In June 2002, the company announced the release of the Template:Proper name.<ref name=10K/>
The company changed its business plan to be a provider of cloud-based enterprise content management solutions.
On January 18, 2011, the company filed bankruptcy.
In April 2011, Trubiquity acquired all of the company's assets.<ref>Template:Cite press release</ref>