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Charles River Laboratories

charles river laboratories, charles river laboratories headquarters
Charles River Laboratories, Inc, is an American corporation specializing in a variety of pre-clinical and clinical laboratory services for the pharmaceutical, medical device and biotechnology industries3 It also supplies assorted biomedical products and research and development outsourcing services for use in the pharmaceutical industry According to its website, its customers include every major pharmaceutical and biotechnology company in the world, major academic institutions and government research centers4

Contents

  • 1 History
  • 2 Mergers
  • 3 Animal rights issues
  • 4 See also
  • 5 Notes

Historyedit

Charles River was founded in 1947, by a young veterinarian who purchased thousands of rat cages from a Virginia farm and set up a one-man laboratory in Boston, overlooking the Charles River In an effort to fulfill the regional need for laboratory animal models, he bred, fed and cared for the animals and personally delivered them to local researchers In the last six decades, this one-man laboratory has evolved into a worldwide network The organisation is constantly expanding their portfolio, and organisational growth has become a continuous strategic effort in anticipating tomorrow’s drug development needs 5

The chairman and chief executive officer is James C Foster

Mergersedit

In October 2003, Charles River Laboratories merged with Inveresk, a UK-owned research company The company was known then as Charles River Laboratories Inveresk specialised in clinical research and pre-clinical testing, and their main facilities are in Edinburgh, Scotland In late 2009, Charles River sold its Clinical Services Division in Edinburgh to Quotient Bioresearch

In 2010 Charles River Laboratories attempted to acquire WuXi PharmaTech, a China-based contract research organization, but the offer was withdrawn when the deal faced opposition from several large Charles River investors, including Relational Investors, JANA Partners and Neuberger Berman

Proxy advisory firm RiskMetrics had also recommended that Charles River's shareholders vote against the proposed deal

In July 2015 the company announced it would acquire Celsis International for $212 million6

In January 2016 the company announced it was set to acquire WIL Research for approximately $585 million in cash7

In June 2016 the company announced it would acquire Blue Stream Laboratories8

Animal rights issuesedit

The company has been the target of animal rights activists in the UK and US It owned Shamrock Farm in England's West Sussex which closed in 2000 following a 15-month campaign by animal rights activists910

In 2007, two monkeys at the company’s Sparks, Nevada, facility had their fingers amputated after they were caught in the wiring of their cages while being moved, and a third monkey suffered a cut to its tail11

In 2008, 32 cynomolgus primates, also known as crab-eating macaques, died of overheating at the company's Sparks, Nevada, laboratory after a climate system failure PETA filed a complaint with the USDA over the incident The following year, a monkey died at the same facility after being left in their cage as it was going through a hot cage washer Charles River was fined $14,500 for the two incidents The company subsequently closed their Sparks facility11 12

PETA owns $2,000 worth of shares in the company, enough to introduce formal resolutions regarding animal care during the company’s annual shareholder meeting13

See alsoedit

  • List of companies in the United States
  • List of S&P 400 companies

Notesedit

  1. ^ "Archived copy" Archived from the original on 2005-08-13 Retrieved 2005-08-14 
  2. ^ "Safety Assessment" 
  3. ^ Christensen, Carl Roland Business Policy: Text and Cases RD Irwin, 1982, p 54
  4. ^ "Charles River At A Glance" Archived January 22, 2010, at the Wayback Machine, Charles River Laboratories
  5. ^ http://wwwcrivercom/about-us/who-we-are
  6. ^ "Charles River Buys Celsis for $212M" GEN 
  7. ^ "Charles River Labs to Acquire WIL Research for $585M" GEN 
  8. ^ "Charles River Laboratories Acquires Blue Stream Laboratories" Retrieved 2016-06-28 
  9. ^ Barnett, Anthony; Ridley, Yvonne 8 May 1999 "Monkey farm 'death trail' exposed" The Guardian Retrieved 3 September 2015 
  10. ^ "Protest site monkey farm to close" Coventry Evening Telegraph 11 March 2000 Retrieved 3 September 2015 
  11. ^ a b "Ghastly Slaughter of Research Monkeys Prompts Calls for Oversight" Fox News Associated Press 17 March 2010 Retrieved 3 September 2015 
  12. ^ Sonner, Scott 14 December 2012 "Animal deaths spark call for fining of Nevada, other testing labs" Las Vegas Review Journal Associated Press Retrieved 3 September 2015 
  13. ^ Cooper, Warren 26 December 2012 "PETA takes on Merck, Pfizer animal testing policies" NJN Publishing NJcom Retrieved 3 September 2015 

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Charles River Laboratories


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