All news articles for June 2017

The facility combines Covance Drug Development and LabCorp Diagnostics capabilities. (Photo: Business Wire)

Covance opens companion diagnostics laboratory

By Melissa Fassbender

LabCorp’s Covance has opened a new companion diagnostics laboratory as is prepares for an increasing demand for precision medicine – a market expected to reach $112.62bn by 2025.

iStock/cyano66

Cure & cancer: cannabis molecule blend research

By Flora Southey

Cure Pharmaceutical has entered into a strategic collaboration to test and develop potential cancer therapeutics utilising a blend of the cannabis plant-derived terpenes. 

Albany Molecular Research Inc. (AMRI) is a global contract research and manufacturing organization. (Image: iStock/macgyverhh)

AMRI set to be acquired by private equity

By Melissa Fassbender

Private equity continues to make inroads in the contract research industry with two firms set to purchase AMRI in a deal worth $21.75 per share.