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Covance Establishes New Discovery & Translational Services Group
Date:5/10/2010

 

PRINCETON, N.J., May 10 /PRNewswire-FirstCall/ -- Covance Inc. (NYSE: CVD), a leading provider of drug R&D services, announced today that it has created a new Discovery & Translational Services group, which will integrate its discovery services, antibody products and immunology services, Biomarker Center of Excellence, and Genomics Laboratory. Leveraging its minority equity stake in Caprion Proteomics, Inc. and alliance with Rules-Based Medicine, Inc., Covance's Discovery & Translational Services group will offer clients a depth and breadth of drug discovery and biomarker services that is unmatched in the CRO industry.

"Increasingly our clients are looking for drug development companies that can provide a full spectrum of services and expertise from early drug discovery through late-stage clinical trials and post-marketing surveillance," said Joe Herring, Chairman and Chief Executive Officer of Covance Inc. "Through a series of strategic investments and alliances, we have enhanced our early-stage drug R&D capabilities and gained an impressive array of world-class talent and technologies in genomics, proteomics, biomarkers, and discovery services such as early safety and efficacy testing, in vivo pharmacology and imaging. As a result, Covance now has a comprehensive range of integrated services across the drug R&D continuum that can help clients make faster and more effective decisions about their portfolios."

Discovery & Translational Services will report to Deborah Tanner, Corporate Senior Vice President at Covance; President, Central Laboratory Services and President, Discover
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SOURCE Covance Inc.
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