CIT completed Lab Research takeover

Related tags Contract research organization Canada

French contract research organisation (CRO) CIT has completed its acquisition of Canadian counterpart Lab Research.

The deal, reported on Outsourcing-pharma.com earlier this month​, will add Lab’s facilities in Canada, Denmark and Hungary to CIT’s network and, according to the Paris-headquartered firm, position it as a top five global preclinical services player.

CIT chairman Jean-Francois Le Bigot cited Lab’s facilities ability to provide general and specialist services, large animals in Canada, minipigs in Denmark or inhalation and ecotoxicology in Hungary, as a key driver for the deal.

He added that each centre will retain a local management team and that the firm will encourage exchanges and sharing of best practices between facilities in common disciplines.

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