LAB Research expands preclinical testing in Canada

By Kirsty Barnes

- Last updated on GMT

Related tags: Lab research, Chemistry

LAB Research has completed a $12m facility expansion in Canada that
will increase its preclinical testing services capacity at the site
by 40 per cent.

As part of the expansion, the Canada-based contract research organisation (CRO) has enlarged its immunology department and set up new analytical chemistry laboratories in order to "meet significant client needs"​ in these areas.

Demand for such services is being largely driven by the increasing number of biologic drugs coming through the biopharma pipeline.

The new 87,000 square foot facility in Quebec is now operational and when it reaches full capacity, expected in 2007, it should generate revenues of over $25m and create 40 new jobs, bringing the total in Canada to over 200 people, said the firm.

Commenting on the benefits of the expansion, Luc Mainville, president and CEO of LAB Research, said: "We will now conduct a larger number of studies, offer our clients more services and improved scheduling, and lower our operating costs."

Part of these cost savings will come as a result of greater operational efficiencies through the consolidation of the firm's Canadian operations into this single new site.

In addition to Canada, LAB Research has facilities in Denmark, US and Hungary and this expansion is also part of the company's goal to enhance its global capacity by 30 per cent before mid 2007, in order to facilitate organic growth.

"LAB Research is involved in a rapidly growing industry. As we are enhancing both our capacity and our services line, we are highly confident we can carry on the organic growth we have achieved in previous years, which ranged from 20-30 per cent,"​ said Mainville.

"We also remain on the lookout for new acquisition opportunities in order to expand our services offering and geographical reach."

Related news

Show more

Related products

show more

Has EDC Kept Up With Changes In Clinical Trials?

Has EDC Kept Up With Changes In Clinical Trials?

Oracle Health Sciences | 14-Dec-2020 | Technical / White Paper

In just a few decades, clinical trials have changed dramatically. Twenty years ago, most of the data used in clinical research was entered on paper, but...

Liver Disease Capabilities

Liver Disease Capabilities

Q² Solutions | 01-Oct-2020 | Clinical Study

We integrate therapeutic insights, state-of-the-art technologies, best-in-class methods and quality systems to optimize NAFLD & NASH study design,...

CAR-T Cell Therapy

CAR-T Cell Therapy

Q² Solutions | 01-Sep-2020 | Clinical Study

Cell therapy involves the transfer of genetically altered cells into a patient. As a global central laboratory services organization, we provide testing...

Related suppliers

Follow us

Products

View more

Webinars