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Charles River Laboratories International, Inc. - CRL STOCK NEWS

Welcome to our dedicated page for Charles River Laboratories International news (Ticker: CRL), a resource for investors and traders seeking the latest updates and insights on Charles River Laboratories International stock.

Founded in 1947, Charles River Laboratories International, Inc. (symbol: CRL) is a global leader in providing essential products and services to pharmaceutical and biotechnology companies, government agencies, and academic institutions. The company's mission is to accelerate research and drug development efforts, significantly contributing to the healthcare industry.

Charles River operates through three main segments:

  • Research Models & Services: This segment is renowned for being the leading provider of laboratory animal models. Charles River breeds and supplies animals with specific genetic traits for preclinical studies worldwide, supporting the critical early stages of drug discovery.
  • Discovery & Safety Assessment: This segment offers a comprehensive range of services necessary for the early development of new drugs. From discovery services to safety assessments, Charles River helps clients navigate the complex process of taking a drug from concept to early-stage development.
  • Manufacturing Support: This includes microbial solutions for in vitro testing, biologics testing services, and avian vaccine services. These services are integral to ensuring the safe manufacture and quality control of new therapies.

The company's workforce is dedicated to providing clients with the expertise and services they need to improve and expedite the discovery and development of new therapies. Charles River's collaborative approach and commitment to excellence have established it as a trusted partner in the life sciences industry.

Charles River continues to innovate and expand its services, making significant strides in the fields of drug discovery, biotechnology, and pharmaceuticals. With a strong financial footing and strategic partnerships, the company is well-positioned to support the future of healthcare advancements globally.

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On April 13, 2023, Wheeler Bio, a contract development and manufacturing organization (CDMO), announced the closure of a $31 million Series A financing round, co-led by Charles River Laboratories (NYSE: CRL) and Echo. The funds will be used to complete a state-of-the-art CGMP cell banking and drug substance manufacturing facility in Oklahoma City, with production expected to start in Q3 2023. Wheeler Bio's primary service, Portable CMC™, integrates development services to address client timelines and budgets, reducing risks associated with drug development. The company focuses on delivering small batch production for next-gen therapeutic proteins, positioning itself at the forefront of CMC drug development.

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Charles River Laboratories International, Inc. (NYSE: CRL) will release its first-quarter 2023 financial results on May 11, before the market opens. A conference call to discuss the results is scheduled for 8:30 a.m. ET on the same day. Investors can listen to the live webcast through the Investor Relations section of the company's website, with a replay available afterward.

Charles River provides critical products and services to pharmaceutical and biotechnology companies, government agencies, and academic institutions worldwide. Their focus is on enhancing research and drug development processes to assist in the discovery and safe manufacture of new therapies.

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Charles River Laboratories (NYSE: CRL) is showcasing its enhanced oncology portfolio at the American Association for Cancer Research (AACR) Annual Meeting from April 14-19, 2023, in Orlando, Florida. The company will present 19 scientific posters and a spotlight presentation focusing on next-generation technologies in drug discovery and cell therapy development. Charles River has significantly contributed to cancer therapy advancements, being named co-inventors on 78 patents and supporting 16 clinical candidates, along with 11 FDA-approved therapies since 2018. Collaborative efforts with Cypre, Inc. and Kibur Medical are also highlighted, showcasing innovative approaches including the use of 3D hydrogel tumor models and implantable microdevices for enhanced drug-response tracking.

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Charles River Laboratories (NYSE: CRL) will present at the Barclays Global Healthcare Conference on March 15 at 10:15 a.m. ET. The management will discuss the company's strategic focus and recent business developments. A live webcast of the presentation will be available on the Investor Relations website and will be archived for two weeks following the event. Charles River is dedicated to supporting pharmaceutical and biotechnology sectors by providing essential products and services that expedite research and drug development efforts. For more information, visit www.criver.com.

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Charles River Laboratories International (NYSE: CRL) announces the launch of Apollo™, a secure cloud-based platform designed for drug developers. This platform streamlines access to study data, milestones, documents, and cost estimates, ultimately enhancing decision-making and client experience. Apollo is part of Charles River's digital strategy, fostering real-time data access and self-service tools for clients. Currently live for ongoing studies, Apollo aims to improve efficiency in preclinical studies.

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Charles River Laboratories (NYSE: CRL) has launched its off-the-shelf pHelper offering designed to streamline adeno-associated virus (AAV)-based gene therapy programs from discovery to commercial manufacturing. Available in Research Grade, High Quality, and Good Manufacturing Practice grades, this product aims to secure supply chains and support regulatory filings with reliable manufacturing. Key benefits include immediate supply, consistent quality, and cost reduction. The launch will be highlighted at the Gene Therapy Spotlight event on March 13 in London, showcasing the role of plasmid DNA in gene therapy manufacturing.

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FAQ

What is the current stock price of Charles River Laboratories International (CRL)?

The current stock price of Charles River Laboratories International (CRL) is $195.77 as of November 22, 2024.

What is the market cap of Charles River Laboratories International (CRL)?

The market cap of Charles River Laboratories International (CRL) is approximately 10.6B.

What services does Charles River Laboratories provide?

Charles River provides research models, discovery and safety assessment services, and manufacturing support, including microbial solutions, biologics testing, and avian vaccine services.

When was Charles River Laboratories founded?

Charles River Laboratories was founded in 1947.

Who are Charles River Laboratories' primary clients?

The company's primary clients are pharmaceutical and biotechnology companies, government agencies, and leading academic institutions.

What is Charles River Laboratories' mission?

Charles River's mission is to accelerate research and drug development efforts globally.

What is included in the Research Models & Services segment?

This segment includes providing laboratory animal models with specific genetic traits for preclinical studies.

What does the Discovery & Safety Assessment segment offer?

This segment offers services for the early development of new drugs, including discovery services and safety assessments.

What are some of the services provided under Manufacturing Support?

Manufacturing Support includes microbial solutions for in vitro testing, biologics testing services, and avian vaccine services.

How does Charles River contribute to the healthcare industry?

Charles River helps expedite the discovery and development of new therapies, aiding in research and the safe manufacture of new drugs.

What makes Charles River Laboratories a trusted partner in the life sciences industry?

The company's commitment to excellence, innovative approach, and comprehensive service offerings make it a trusted partner.

What is the ticker symbol for Charles River Laboratories International, Inc.?

The ticker symbol for Charles River Laboratories International, Inc. is CRL.

Charles River Laboratories International, Inc.

NYSE:CRL

CRL Rankings

CRL Stock Data

10.63B
50.64M
0.92%
103.97%
3.62%
Diagnostics & Research
Services-commercial Physical & Biological Research
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United States of America
WILMINGTON