Our clients drive for flexibility and efficiency is generating robust demand for turnkey research capacity. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. Explora BioLabs - Crunchbase Company Profile & Funding This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. With over 100 employees, it also offers contract vivarium management, staffing, and regulatory solutions to manage clients research sites. The acquisition of Explora BioLabs complements and expands the Charles River Accelerator and Development Lab (CRADL) operation, which is part of Charles Rivers Insourcing Solutions business. Corporate Vice President, Charles River Laboratories makes $295m acquisition 12-Apr-2022 Finance | Cleaning The acquisition of Explora BioLabs has been made to complement and expand the Charles River Accelerator and Development Lab (CRADL) operation To read this article on Zacks.com click here. As biopharmaceutical companies turn to CRADL, they will be able to easily access additional services across our comprehensive discovery and non-clinical development portfolio, further accelerating their research. WILMINGTON, Mass. This service helps biopharmaceutical firms efficiently conduct their early-stage research activities. Charles River expects the transaction to be slightly accretive to non-GAAP EPS beginning in 2023. April 6, 2022 Expands Charles River Accelerator and Development Lab (CRADL) Footprint Providing Clients with Full-Service, Turnkey ResearchSpace - Adds More Than 15 Vivarium Facilities Across Three Key U.S. Biohubs - Continued Expansion Expected in 2022 - Sorry, you need to enable JavaScript to visit this website. Based in San Diego, California, Explora BioLabs offers contract vivarium operation services, providing biopharmaceutical clients with turnkey in vivo vivarium facilities, management, and related services to efficiently conduct their early-stage research activities. Our clients drive for flexibility and efficiency is generating robust demand for turnkey research capacity. View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005195/en/, Investor Contact: The acquisition of HemaCare enhances its ability to provide a comprehensive cell therapy solution from discovery through commercialization.Within DSA, the Retrogenix acquisition of 2021, with its proprietary cell microarray technology and off-target screening services, had a very successful first year.In June 2021, Charles River acquired Vigene Biosciences - a premier gene therapy contract development and manufacturing organization providing viral vector-based gene delivery solutions. This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. -- (BUSINESS WIRE)--Apr. http://www.businesswire.com/news/home/20220406005195/en, 1985 - 2023 BioSpace.com. todd.spencer@crl.com, Media Contact: In addition, clients utilizing CRADL and Explora BioLabs will have the added benefit of accessing other Charles River services, including its integrated discovery and non-clinical development expertise, which will provide opportunities to further enhance the speed and efficiency of their research programs and facilitate the progression towards an Investigational New Drug (IND) filing. Dr. Lin created Explora BioLabs to provide researchers like himself with accessible, robust vivarium facilities and preclinical research services. Those risks and uncertainties include, but are not limited to, the ability to successfully integrate the acquisition of Explora BioLabs. The Companys outsourced vivarium services allow clients to quickly start and focus on their early-stage research in a flexible manner within high-quality, biosecure facilities with reduced research risk through access to Charles Rivers expertise in veterinary care. CRADL provides AAALAC-accredited, full-service, turnkey vivarium rental space supported by Charles Rivers technical, vivarium, and veterinary expertise for emerging and well-established biopharmaceutical companies and academic research institutions in key biohubs, including Boston-Cambridge, San Francisco, and China. 6, 2022-- Charles River Laboratories International, Inc. (NYSE: CRL) announced today that it has acquired Explora BioLabs Holdings, Inc., a premier provider of contract vivarium research services. WILMINGTON, Mass.-- ( BUSINESS WIRE )-- Charles River Laboratories International, Inc. (NYSE: CRL) announced today that it has acquired Explora BioLabs Holdings, Inc., a premier provider of contract vivarium research services. View contact profiles from Explora BioLabs Popular Searches Explora BioLabs Inc Explora BioLabs Today, Explora BioLabs continues to support innovative, important in vivo studies with turnkey vivarium facilities, management, and related industry-leading serviceswhat weve called Vivarium-as-a-ServiceTM (VaaS) solutions. California-based Explora . Corporate Vice President, The acquisition of Explora BioLabs complements and expands the Charles River Accelerator and Development Lab (CRADL) operation, which is part of Charles Rivers Insourcing Solutions business. Considering the growth prospects of this space, the latest acquisition by CRL seems strategic and timely. James C. Foster, Chairman, President and Chief Executive Officer of Charles River Laboratories, commented, With its presence in West Coast biohubs, the acquisition of Explora BioLabs complements our existing CRADL footprint and offers incremental opportunities to partner with an emerging, high-growth client base, many of which are engaged in cell and gene therapy development.. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. In addition, clients utilizing CRADL and Explora BioLabs will have the added benefit of accessing other Charles River services, including its integrated discovery and non-clinical development expertise, which will provide opportunities to further enhance the speed and efficiency of their research programs and facilitate the progression towards an Investigational New Drug (IND) filing. Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. By outsourcing their vivarium space, our clients can focus on accelerating their scientific research, instead of daily vivarium management or building infrastructure. All rights reserved. Expands Charles River Accelerator and Development Lab (CRADL) Footprint Providing Clients with Full-Service, Turnkey Research Space , Adds More Than 15 Vivarium Facilities Across Three Key U.S. Biohubs . Charles River Laboratories Acquires Explora BioLabs | Charles River Charles River Laboratories International, Inc. Pharmadule Morimatsu, WuXi Biologics Form Global Strategic Partnership, Lilly To Acquire Diabetes Cell Therapy Company Sigilon Therapeutics, Sobi Acquires CTI BioPharma For $1.7 Billion, Emergent BioSolutions CEO Robert Kramer Sr. To Retire, Bioanalytical Outsourcing Soars as Drugs Grow More Complex. This apart, clients utilizing CRADL and Explora BioLabs will have the added benefit of accessing other Charles River services, including its integrated discovery and non-clinical development expertise. Charles River Laboratories International ( CRL Quick Quote CRL - Free Report) has recently acquired San Diego, CA-based contract vivarium research firm, Explora BioLabs Holdings, Inc. Charles River Laboratories acquires Explora BioLabs for $295M McKesson has a long-term earnings growth rate of 11.8%. Imagine all that's possible when you do. Our clients drive for flexibility and efficiency is generating robust demand for turnkey research capacity. Charles River Laboratories makes $295m acquisition - Cleanroom technology Amy CianciarusoCorporate Vice President, Type a symbol or company name. Charles River Laboratories Acquires Explora BioLabs - Expands Charles River Accelerator and Development Lab (CRADL) Footprint Providing Clients with Full-Service, Turnkey Research Space - - Adds More Than 15 Vivarium Facilities Across Three Key U.S. Biohubs - - Continued Expansion Expected in 2022 - Forward-looking statements may be identified by the use of words such as anticipate, believe, expect, will, may, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. View All Deal Terms Explora BioLabs Investors 2 Investors Explora BioLabs has 2 investors. According to Charles River, a non-clinical contract research organization, Explora BioLabs business will complement and expand the Charles River Accelerator and Development Lab (CRADL) operation within the broader Insourcing Solutions business. They continue their work as a Charles River company since Explora was acquired by Charles River in April 2022. Miranda Ford - Research Associate - Explora BioLabs | LinkedIn CRADL provides AAALAC-accredited, full-service, turnkey vivarium rental space supported by Charles Rivers technical, vivarium, and veterinary expertise for emerging and well-established biopharmaceutical companies and academic research institutions in key biohubs, including Boston-Cambridge, San Francisco, and China. Source: Charles River Laboratories International, Inc. View this news release online at: This is expected to grow by a CAGR of 12.1% to $163.48 billion by 2029. We are pleased to welcome the Explora BioLabs team to the Charles River family, Mr. Foster concluded. What We Do - Charles River Laboratories Contract Service Providers: Part of Your Process! Chief Communications Officer Explora BioLabs provides a network of preclinical, AAALAC-accredited vivarium spaces and CRO options to clients in biotech-dense areas. The acquisition of Explora BioLabs complements and expands the Charles River Accelerator and Development Lab (CRADL) operation, which is part of Charles Rivers Insourcing Solutions business. Our Vivarium-as-a-Service and contract. Got It. Zacks Investment Research. Type a symbol or company name. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Charles River Laboratories Acquires Explora BioLabs Caution Concerning Forward-Looking Statements. Explora BioLabs currently operates more than 15 preclinical vivarium facilities, offering AAALAC-accredited, turnkey rental space in the Southern California, San Francisco, and Boston-Cambridge biohubs, with a planned expansion in Seattle in 2022. Cytotoxics and High Potency Manufacturing. OMI has gained 12.8% against a 16.7% industry decline in the said period. Samantha Allen - Animal Care and Breeding Technician - LinkedIn Chief Communications Officer Owens & Minor has outperformed the industry over the past year. Charles River Acquires Explora BioLabs | Charles River A few better-ranked stocks in the broader medical space are Owens & Minor, Inc. OMI, NextGen Healthcare, Inc. NXGN and McKesson Corporation MCK. NextGen has an estimated long-term growth rate of 5%. Our services evolve with clients' needs through outsourced vivarium staffing and consulting to ensure reliable results and research continuity as they grow. Corporate Vice President, The Companys outsourced vivarium services allow clients to quickly start and focus on their early-stage research in a flexible manner within high-quality, biosecure facilities with reduced research risk through access to Charles Rivers expertise in veterinary care. Explora BioLabs has become part of the Companys Research Models and Services segment. Citoxlab (acquired in 2019) and HemaCare (acquired in 2020) are integral parts of the companys growth strategy of successfully expanding its portfolio and broadening its geographic footprint. A further description of these risks, uncertainties, and other matters can be found in the Risk Factors detailed in Charles River's Annual Report on Form 10-K as filed on February 16, 2022, as well as other filings we make with the Securities and Exchange Commission. We are pleased to welcome the Explora BioLabs team to the Charles River family, Mr. Foster concluded. Charles River Laboratories International, Inc. Owens & Minor, Inc. (OMI) : Free Stock Analysis Report, McKesson Corporation (MCK) : Free Stock Analysis Report, Charles River Laboratories International, Inc. (CRL) : Free Stock Analysis Report, NEXTGEN HEALTHCARE, INC (NXGN) : Free Stock Analysis Report. MCK has gained 67.8% in the said period compared with 7.7% growth of the industry. Post integration, the combined company is expected to add a minimum of 25 vivarium facilities by the end of 2022, providing over 300,000 square feet of turnkey rental capacity in key biohubs, including expansions in the United States and internationally. If youve already deployed, it could take up to 5 minutes for your content to show up, so come back soon. Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Explora BioLabs, a Charles River Laboratories company, is a leading provider of AAALAC-accredited, PhD-backed preclinical vivarium facilities and services for biotechnology and pharmaceutical clients. Clients can also lean on our scientific expertise for contract research studies and technical services led by internal scientific staff. Based in San Diego, California, Explora BioLabs offers contract vivarium operation services, providing biopharmaceutical clients with turnkey in vivo vivarium facilities, management, and related services to efficiently conduct their early-stage research activities. These services will provide opportunities to further enhance the speed and efficiency of clients research programs and facilitate the progression toward an Investigational New Drug (IND) filing. Allergic Rhinitis 138 2.1 Pathophysiology The inflammatory responses of upper respiratory tract are similar in nature to those in the lower airways. 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Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by Charles River, and Charles River assumes no obligation and expressly disclaims any duty to update information contained in this news release except as required by law. The combined Explora BioLabs and CRADL operation is expected to include at least 25 vivarium facilities by the end of 2022, providing over 300,000 square feet of turnkey rental capacity in key biohubs, including expansions in the United States and internationally. As per Charles Rivers press release, Explora BioLabs currently has over 15 preclinical vivarium facilities, offering AAALAC-accredited, turnkey rental space in the Southern California, San Francisco, and Boston-Cambridge, MA biohubs, with a planned expansion in Seattle, WA in 2022. The combined Explora BioLabs and CRADL operation is expected to include at least 25 vivarium facilities by the end of 2022, providing over 300,000 square feet of turnkey rental capacity in key biohubs, including expansions in the United States and internationally. Charles River Laboratories International Inc (NYSE: CRL) has acquired Explora BioLabs Holdings Inc, a provider of contract vivarium research services, for 5 million. Explora BioLabs has become part of the Companys Research Models and Services segment. Going by a Fortune Business Insights report, the global Contract Research Organization (CRO) market size was valued at $62.75 billion in 2021. All rights reserved. We believe the addition of Explora BioLabs will enhance the CRADL value proposition for clients, and further solidifies the Companys focus on the Research Models and Services segment as a sustained growth engine. (PDF) Insufficiency in Distributional Faunistic Data in - ResearchGate Click to get this free report Owens & Minor, Inc. (OMI) : Free Stock Analysis Report McKesson Corporation (MCK) : Free Stock Analysis Report Charles River Laboratories International, Inc. (CRL) : Free Stock Analysis Report NEXTGEN HEALTHCARE, INC (NXGN) : Free Stock Analysis Report To read this article on Zacks.com click here. Research Associate- Explora Biolabs/ Charles River Laboratories San Diego, California, United States 167 followers 166 connections Join to view profile Explora BioLabs California Polytechnic. Amy Cianciaruso By outsourcing their vivarium space, our clients can focus on accelerating their scientific research, instead of daily vivarium management or building infrastructure. Cookies help us to provide you with an excellent service. With over 100 employees, it also offers contract vivarium management, staffing, and regulatory solutions to manage clients research sites. History & Present | CMB Brno 2020 Charles River Laboratories (CRL) has acquired contract vivarium services firm Explora BioLabs in a $295 million deal designed to expand its preclinical research business. Explora BioLabs had annual revenue of approximately $38 million in 2021, with strong, double-digit revenue growth expected over the next five years. Charles River Buys Contract Vivarium Research Services Firm - Benzinga 1 Deal Term Explora BioLabs's deal structure is available for 1 funding round, including their Acquired from April 06, 2022. Facebook, Microsoft, Zillow Search 1-5 of 35 results The acquisition complements Charles Rivers existing cell and gene therapy contract manufacturing capabilities and establishes an end-to-end, gene-modified cell therapy solution in the United States.The acquisition of Cognate in March 2021 is also expected to be highly complementary to the companys Biologics business. Brno is situated at the meeting point of both the Svratka River and the Svitava River, where it has become the regional capital and most important city. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. About I am a seasoned manager who focuses on process improvements, cost-cutting and increasing efficiencies for all aspects of a laboratory. Your web app is live, but we dont have your content yet. NextGen has an estimated long-term growth rate of 5%.
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