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Charles Riv Labs Intl Inc - CRL STOCK NEWS

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Overview of Charles River Laboratories International, Inc. (CRL)

Charles River Laboratories International, Inc. (CRL) is a globally recognized contract research organization (CRO) that provides essential services to pharmaceutical, biotechnology, academic, and government clients. The company specializes in supporting the discovery, development, and safe manufacturing of new therapies, playing a pivotal role in the life sciences ecosystem. With a comprehensive portfolio of products and services, CRL helps its clients accelerate research timelines and optimize the drug development process, making it a critical partner in the creation of innovative treatments for patients worldwide.

Core Business Areas

Charles River Laboratories operates across several key business segments, each tailored to meet the diverse needs of its clients:

  • Discovery and Early-Stage Development: CRL provides services that span the early phases of drug discovery, including target identification, validation, and preclinical testing. These services are designed to help clients identify viable drug candidates efficiently.
  • Safety Assessment: The company offers toxicology and safety evaluation services to ensure that new therapies meet regulatory requirements and are safe for further development.
  • Research Models and Services: CRL supplies high-quality research models, including genetically engineered models, as well as associated services to support in vivo research.
  • Manufacturing Support: The company provides services such as microbial detection, biopharmaceutical testing, and cell and gene therapy manufacturing support, which are critical for ensuring the quality and safety of therapeutic products.

Market Position and Industry Context

Operating at the intersection of biotechnology, pharmaceuticals, and academic research, Charles River Laboratories serves a growing market driven by the increasing complexity and cost of drug development. The rise of precision medicine, biologics, and cell and gene therapies has further expanded the demand for specialized CRO services. CRL differentiates itself through its end-to-end service offerings, global infrastructure, and expertise in early-stage research, making it a preferred partner for organizations looking to outsource R&D activities. Its ability to integrate discovery, safety assessment, and manufacturing support under one roof provides a seamless experience for clients, reducing time-to-market for new therapies.

Competitive Landscape

Charles River Laboratories faces competition from other CROs such as Labcorp Drug Development, ICON plc, and PPD. However, its focus on early-stage research, coupled with a broad service portfolio and a strong reputation for scientific expertise, sets it apart. The company's investments in technology, innovation, and global infrastructure further strengthen its competitive position, enabling it to address the evolving needs of the life sciences industry.

Significance in the Life Sciences Ecosystem

As a trusted partner to pharmaceutical and biotechnology companies, Charles River Laboratories plays a crucial role in advancing medical innovation. By providing specialized expertise and resources, the company helps its clients navigate the complexities of drug development, ensuring that new therapies reach patients more efficiently. This makes CRL an indispensable player in the global effort to improve healthcare outcomes.

Rhea-AI Summary
Charles River Laboratories International, Inc. (CRL) invests $200M in alternative testing methods and achieves 92% renewable energy usage worldwide, showcasing significant ESG progress.
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Charles River Laboratories International, Inc. (NYSE: CRL) collaborates with National University of Singapore’s Yong Loo Lin School of Medicine to provide phase-appropriate plasmid DNA for cancer therapy. This partnership aims to support the development of engineered stem cells for cancer treatment, leveraging Charles River's expertise in HQ and GMP-compliant plasmid DNA manufacturing. The collaboration will utilize Charles River’s eXpDNA™ platform to enhance NUS Medicine's research capabilities in stem cell biology and therapy, offering a complete solution from concept to cure.
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Charles River Laboratories and Navega Therapeutics announce an AAV9 production program agreement to develop a non-opioid gene therapy, NT-Z001, for chronic pain disorders. Navega's AI-enabled zinc-finger epigenome regulation platform targets rare diseases like small fiber neuropathy and primary erythromelalgia, addressing a gain-of-function mutation in the Nav 1.7 gene. With over 17 million Americans suffering from chronic pain, this therapy shows promise for various pain indications. Charles River's CGT Accelerator Program supports Navega's efforts by providing CDMO solutions and advisory services to expedite clinical trials.
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Charles River Laboratories International, Inc. (CRL) will present at the Barclays 26th Annual Global Healthcare Conference, discussing strategic focus, business developments, and recent trends. The webcast will be available on their Investor Relations website.
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Wheeler Bio, Inc. partners with Charles River Laboratories International, Inc. to offer Portable CMC® platform, aiming to streamline therapeutic discovery and accelerate IND submission timelines. The collaboration combines expertise in antibody discovery, safety, and analytics to simplify the development process and provide a comprehensive concept-to-commercial offering.
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Charles River Laboratories International, Inc. (CRL) announces a strategic agreement with Wheeler Bio, Inc. to provide early-stage biotech companies with access to Wheeler's Portable CMC® platform, accelerating therapeutic discovery timelines. This collaboration aims to streamline preclinical to clinical manufacturing processes, reducing vendor complexities and integrating CMC development early in discovery. Wheeler's mission is to solve translational challenges in advancing from discovery to CMC development and early-clinical trial material supply.
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Charles River Laboratories International, Inc. (NYSE: CRL) has partnered with Pluristyx Inc. to expand its stem cell research tools, including high-quality embryonic stem cells and induced pluripotent stem cells. The collaboration aims to accelerate therapeutic development by providing researchers with advanced cell lines and technologies for new therapies.
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Charles River Laboratories International, Inc. (CRL) reports fourth-quarter revenue of $1.01 billion, full-year revenue of $4.13 billion, with GAAP earnings per share of $3.62 and non-GAAP earnings per share of $2.46. The company provided 2024 guidance, anticipating a cautious biopharmaceutical demand environment.
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Charles River Laboratories International, Inc. (NYSE: CRL) has launched the Endosafe® Trillium™ rCR cartridge offering, an animal-free testing solution that enhances testing efficiency and accelerates manufacturing timelines. This innovation builds upon the company's flagship Endosafe® cartridge technology and their recombinant cascade reagent (rCR) to bolster commitments to sustainability and animal welfare.
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Charles River Laboratories International, Inc. (NYSE: CRL) has appointed Reshema Kemps-Polanco, Executive Vice President and Chief Commercial Officer of Novartis US, to its Board of Directors. With 25 years of experience in the pharmaceutical industry, Ms. Kemps-Polanco will bring valuable insights and knowledge to Charles River's Board. Her extensive experience in leading commercial organizations and her commitment to improving patient access and health outcomes will greatly benefit Charles River's growth strategy. As a member of the Board, she will serve on the Compensation and Strategic Planning and Capital Allocation Committees.
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FAQ

What is the current stock price of Charles Riv Labs Intl (CRL)?

The current stock price of Charles Riv Labs Intl (CRL) is $163.5 as of March 3, 2025.

What is the market cap of Charles Riv Labs Intl (CRL)?

The market cap of Charles Riv Labs Intl (CRL) is approximately 9.7B.

What does Charles River Laboratories International, Inc. do?

Charles River Laboratories is a contract research organization (CRO) that provides services for drug discovery, early-stage development, and manufacturing support to pharmaceutical, biotechnology, academic, and government clients.

What industries does Charles River Laboratories serve?

The company serves the pharmaceutical, biotechnology, academic, and government sectors, primarily focusing on the life sciences industry.

How does Charles River Laboratories generate revenue?

CRL generates revenue by offering a range of services, including discovery and early-stage development support, safety assessment, research models, and manufacturing support for therapeutic products.

What sets Charles River Laboratories apart from competitors?

CRL differentiates itself through its comprehensive service offerings, expertise in early-stage research, and global infrastructure, providing clients with an integrated approach to drug development.

What role does Charles River Laboratories play in drug development?

The company supports its clients by providing essential services and expertise that accelerate research timelines, ensure regulatory compliance, and optimize the development of new therapies.

Who are the competitors of Charles River Laboratories?

Key competitors include Labcorp Drug Development, ICON plc, and PPD, among others in the contract research organization (CRO) space.

What are Charles River Laboratories' core business segments?

The company's core segments include discovery and early-stage development, safety assessment, research models and services, and manufacturing support.

Why is outsourcing to CROs like Charles River Laboratories important?

Outsourcing to CROs helps pharmaceutical and biotechnology companies reduce costs, access specialized expertise, and navigate the complexities of drug development more efficiently.
Charles Riv Labs Intl Inc

NYSE:CRL

CRL Rankings

CRL Stock Data

9.72B
50.39M
1.36%
102.22%
4.22%
Diagnostics & Research
Services-commercial Physical & Biological Research
Link
United States
WILMINGTON