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Covance
Inc. (NYSE: CVD), with headquarters in Princeton, New Jersey, is a contract
research organization (CRO) providing drug development and animal testing
services. According to its website, it is one of the largest companies of its
kind in the world, with annual revenues of over $2 billion, and over 11,000
employees in more than 60 countries. It provides the world's largest central
laboratory network, and employs a global team of clinical trial professionals
and cardiac safety experts. It became a publicly traded company after being
spun off by Corning Incorporated in 1996.In 2011 it was listed as one of the
top 100 employers by the Diversity Employers Magazine.
Under
the name Covance Research Products Inc., based in Denver, Pennsylvania, the
company also deals in the import, breeding and sale of laboratory animals. It
breeds dogs, rabbits, guinea pigs, non-human primates, and pigs, and runs the
largest non-human primate laboratory in Germany. The company became the subject
of controversy following allegations in 2003–2005 by the British Union for the
Abolition of Vivisection and People for the Ethical Treatment of Animals that
non-human primates were being abused in its laboratories in Germany and the
United States. No violations of the law were found by the authorities in the
first case, and a small fine was levied in the second. In response, the company
drew up a new welfare code to guide its treatment of laboratory animals.
Covance
Type Public (NYSE: CVD)
Industry Contract Research Organizations
Pharmaceutical
Founded 1968 as Environmental Sciences
Corporation; 1996 as Covance.
Headquarters Princeton, New Jersey, United States;
facilities in 60+ countries
Key
people Chairman and CEO: Joseph
L. (Joe) Herring;
Products Nonclinical Development (Toxicology,
Research Products, Analytical services
Clinical
Development (Clinical Pharmacology, Clinical, Central Labs Periapproval & Market Access
Nutritional
testing and analysis
Antibody
products and services
Revenue US$1.962 billion (2009)
Net
income
US$175.882 million (2009)
Employees 11,000+ (2012)
Website www.covance.com
Covance - Dallas, TX
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Covance - UK - Leeds, Madison, WI
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Covance - Harrogate, UK
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Covance - Harrogate, UK
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Covance - Regional, LVA
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Covance - Regional, EST
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Covance - Regional, LTU
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Covance - Beijing, CHN
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Covance - Regional, COL
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Covance - Regional, SGP
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