iSpecimen Reports Positive Results on Next Day Quote Program for Researchers and Providers

Core Insights - iSpecimen Inc. has reported positive results from its Next Day Quote Program (NDQ), which aims to expedite the biospecimen transaction process for researchers and providers by delivering accurate pricing within 24 hours of a request [3][4]. Group 1: Program Overview - The NDQ service was introduced to meet the demand for timely access to high-quality biospecimens, providing swift and accurate sample pricing for various types of biospecimens [4]. - The program allows for quotes to be generated within minutes, significantly enhancing the sales mix towards NDQ, with 30% of all sales opportunities in November 2024 being Next Day Quotes [5]. Group 2: Performance Metrics - In November 2024, 48% of all quotes generated were Next Day Quotes, and the conversion rate for these quotes was notably high, with 60% of all purchase orders being attributed to NDQ [5]. - The first six months of the NDQ program have shown strong results, driving an estimated 60% of sales, indicating a positive customer response to the quick quoting process [6]. Group 3: Strategic Enhancements - The company is continuously improving its internal databases and search tools to enhance the viability of the NDQ program, which accelerates operational timelines and customer decision-making [6]. - The NDQ program allows researchers and providers to focus on their core activities while positioning iSpecimen as a valuable service provider [6].