OneOncology Inc., an oncology drug procurement solutions provider, has announced that it will hold its first live electronic negotiation event on Tuesday, December 11, 2007. The electronic negotiation event will enable qualified distributors to bid on more than $1 billion in committed annual drug purchases from hundreds of community oncologists throughout the United States.

OneOncology is an electronic trading hub that brings together oncology practices and pharmaceutical drug distributors in an efficient and impartial electronic marketplace. The trading hub uses real time reverse auction technology specifically designed for community oncology. The platform enables oncologists to build healthier practices and reduce administrative burdens while providing distributors equal and more cost-effective access to community oncology demand. Similar electronic trading hubs in industries such as chemicals and fuels have seen average price decreases between 3 and 35 percent. Read more...