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Examples
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Contract research businesses such as Covance conduct many clinical trials and focus on improving efficiency at every step of the process.
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Drugmakers approaching patent cliffs will need to reinvigorate their early development pipelines, and market leaders such as Covance and Charles River are well-positioned to capture an increasing portion of their R&D budgets over time.
CRO Investment Opportunities Remain Compelling - Yahoo! Finance 2010
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Covance which is based in Princeton, N.J., said last month it will provide drug development services to the French drug maker and receive an estimated $1.2 billion to $2.2 billion in payments.
Covance closes research deal with Sanofi-Aventis - Yahoo! Finance 2010
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In ancient times -- say, before the middle of 2008 -- contract research organizations such as Covance (NYSE: CVD) and Charles River Laboratories (NYSE: CRL) looked like a cure for investors who weren't happy with Big Pharma or weren't comfortable with "no P / E" biotech companies.
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Other CROs, usually larger global ones such as Covance, have been able to produce somewhat predictable results quarter in and quarter out.
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Separately, the company also said it has also chosen New Jersey-based Covance Inc. as a partner for research and development in a deal worth up to $2.2 billion
Sanofi's Diabetes Drug Shows Promise Sten Stovall 2010
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Under the ten-year deal, Covance will provide R & D for Sanofi in the fields of toxicology, chemistry and clinical phase I through phase IV trials.
Sanofi's Diabetes Drug Shows Promise Sten Stovall 2010
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Sanofi also said it has chosen New Jersey-based contract research company Covance as a partner for research and development in a 10-year deal that could be worth up to $2.2 billion.
Business Watch 2010
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Sanofi is also selling its R & D sites in Porcheville, France and Alnwick in the U.K. to Covance for $25 million, Covance said.
Sanofi's Diabetes Drug Shows Promise Sten Stovall 2010
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Payments will range from around $1.2 billion to $2.2 billion, Covance said.
Sanofi's Diabetes Drug Shows Promise Sten Stovall 2010
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