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Preclinical revenues drop, offset by RMS uptick
May 3, 2012
By: Gil Roth
President, Pharma & Biopharma Outsourcing Association
Charles River Laboratories 1Q12 1Q Revenues: $286 million (flat) 1Q Earnings: $26 million (-16%) Comments: Research Models and Services was up 6% to $183 million, driven by In Vitro and Avian businesses., for its best quarter since 2008. Preclinical Services dropped 9% to $103 million, with lower sales of biopharmaceutical services due to typically slow starts from large biopharma cients.
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