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Inotiv Inc - NOTV STOCK NEWS

Welcome to our dedicated page for Inotiv news (Ticker: NOTV), a resource for investors and traders seeking the latest updates and insights on Inotiv stock.

Overview of Inotiv Inc.

Inotiv Inc. (NASDAQ: NOTV) is a prominent Contract Research Organization (CRO) dedicated to advancing pharmaceutical, chemical, and medical device research. The company specializes in providing comprehensive nonclinical and analytical drug discovery and development services, as well as offering a diverse range of research models and related products. By focusing on improving efficiency, enhancing data quality, and reducing costs, Inotiv plays a critical role in accelerating the drug development process, making it an indispensable partner for the global pharmaceutical industry.

Business Segments

Inotiv operates through two primary business segments:

  • Discovery and Safety Assessment (DSA): This segment supports the discovery and nonclinical development needs of researchers and clinicians. It caters to small molecule drug candidates, biotherapeutics, and biomedical devices, enabling clients to navigate the early stages of drug development with precision and efficiency.
  • Research Models and Services (RMS): Through this segment, Inotiv provides access to a wide array of research models, ranging from basic research models to specialized ones tailored for specific diseases and therapeutic areas. This segment is a significant revenue driver for the company, reflecting its importance in the broader research ecosystem.

Core Competencies and Differentiators

Inotiv's competitive edge lies in its ability to offer an integrated suite of services that span the entire drug development lifecycle. Key differentiators include:

  • Proprietary Technologies: The company develops innovative scientific instruments, such as the Culex® automated in vivo sampling system, which enables precise data collection from awake, freely-moving subjects.
  • Scientific Expertise: With a team of highly skilled scientists, Inotiv is known for its responsiveness, regulatory compliance, and ability to help clients achieve critical milestones on time.
  • Ethical Practices: The company is committed to maintaining high standards of animal welfare, investing in facility improvements, and fostering a culture of compliance across its operations.

Industry Context and Market Position

Operating within the highly competitive CRO industry, Inotiv serves a diverse clientele, including pharmaceutical companies, biotech firms, and academic institutions. Its dual-segment business model allows it to address both the discovery and development phases of drug research, positioning it as a versatile and reliable partner. The company's strategic acquisitions and investments in infrastructure further solidify its standing as a mid-sized, full-service CRO with global reach.

Challenges and Opportunities

While Inotiv faces challenges such as regulatory scrutiny and ethical concerns related to animal research, it has proactively addressed these issues through substantial investments in animal welfare and compliance measures. Additionally, its focus on innovation and customer-centric solutions positions it well to capture market share and drive organic growth.

Conclusion

Inotiv Inc. exemplifies a forward-thinking approach to contract research, combining scientific expertise, innovative technologies, and a commitment to ethical practices. By offering a comprehensive range of services and products, the company continues to support the critical research and development efforts that underpin life-saving therapies and medical advancements.

Rhea-AI Summary

Inotiv, Inc. will release its fiscal 2024 second quarter financial results on May 10, 2024. The Company specializes in nonclinical and analytical drug discovery services. A conference call will be held on the same day to discuss the results.

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Inotiv, Inc. (Nasdaq: NOTV) reported a 10.3% increase in revenue to $135.5 million for the first quarter of fiscal 2024. DSA revenue increased by 8.8% to $44.7 million, and RMS revenue increased by 11.1% to $90.8 million. The company plans to focus on sales and marketing as infrastructure projects near completion. The net loss for Q1 FY 2024 was $15.8 million, down from $86.9 million in Q1 FY 2023. Adjusted EBITDA for Q1 FY 2024 was $9.6 million, compared to $(5.5) million in Q1 FY 2023. The DSA backlog was $152.3 million at December 31, 2023, up from $132.1 million at September 30, 2023. The company reaffirms fiscal 2024 revenues are expected to be in the range of $580 to $590 million, and adjusted EBITDA is expected to be in the range of $75 to $80 million.
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Inotiv, Inc. (NOTV) will release its fiscal 2024 first-quarter financial results on February 7, 2024, after the stock market closes. The company will host a conference call to discuss the results at 4:30 p.m. Eastern Time on the same day. Interested parties can participate by dialing the provided numbers or accessing the live conference call webcast on the company's website. An online replay will also be available for those unable to listen to the live broadcast.
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Inotiv, Inc. (Nasdaq: NOTV) announced fiscal year 2023 revenue of $572.4 million, up 4.5% from the previous year. The company expects to continue growing its DSA revenues in fiscal 2024 and anticipates achieving expense reductions. The press release also highlights the completion of site optimization projects and expansion activities, along with financial and operational improvements.
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Inotiv, Inc. (Nasdaq: NOTV) announced a partnership with Vanguard Supply Chain Solutions LLC to integrate its North American transportation operations in-house, expecting to achieve key efficiencies and improve its outgoing supply chain. The transition is expected to be complete by early January 2024.
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Inotiv, Inc. (NOTV) to Release Financial Results for Fiscal 2023 Q4 and Full Year on December 11, 2023
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Inotiv, Inc. (Nasdaq: NOTV) provides business updates, including operational and investor conference participation details. The company focuses on expanding its range of services, generating revenue growth, and increasing margins through infrastructure expansion, integration, and asset sales. Inotiv aims to improve its ability to recruit and retain talent, produce positive returns for shareholders, and report fiscal 2023 audited results.
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Inotiv (ticker: INOT) attributes 1156% revenue growth to strategic capacity, key integration initiatives, infrastructure optimization, and global footprint right-sizing. Ranked 127 on the Deloitte Technology Fast 500™, Inotiv credits aggressive acquisition strategy, talented team, new services, organic growth, and growing client base for the top line growth over the past five years.
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Inotiv, Inc. will participate in multiple investor conferences in November 2023. The conferences include the Jefferies London Healthcare Conference on November 15 in London, the 14th Annual Craig-Hallum Alpha Select Conference on November 16 in New York, and the 6th Annual Evercore ISI HealthCONx Conference on November 29 in Miami. The webcast presentations will be available for viewing and replay on the company's website.
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Inotiv completes sale of businesses in Israel, receiving cash of $1.2 million and a note receivable of $2.5 million. Enters into supply and breeding agreements. Right-sizing global footprint and maintaining strong growth.
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FAQ

What is the current stock price of Inotiv (NOTV)?

The current stock price of Inotiv (NOTV) is $2.7 as of March 3, 2025.

What is the market cap of Inotiv (NOTV)?

The market cap of Inotiv (NOTV) is approximately 104.0M.

What does Inotiv Inc. specialize in?

Inotiv Inc. specializes in nonclinical and analytical drug discovery and development services, as well as providing research models and related products.

What are Inotiv's primary business segments?

Inotiv operates through two segments: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS).

How does Inotiv generate revenue?

Inotiv generates revenue primarily through its RMS segment, which provides specialized research models, and its DSA segment, which supports drug discovery and development services.

What industries does Inotiv serve?

Inotiv serves the pharmaceutical, chemical, and medical device industries, focusing on drug discovery, development, and preclinical research.

What differentiates Inotiv from other CROs?

Inotiv differentiates itself through proprietary technologies like the Culex® automated sampling system, its scientific expertise, and a strong commitment to ethical practices and animal welfare.

What is the significance of Inotiv's RMS segment?

The RMS segment is a key revenue driver, offering specialized research models for basic research, drug discovery, and specific therapeutic areas.

How does Inotiv address ethical concerns in animal research?

Inotiv invests in facility improvements, personnel training, and compliance measures to maintain high standards of animal welfare and ethical practices.

What is the role of the Discovery and Safety Assessment segment?

The DSA segment supports researchers and clinicians in the discovery and nonclinical phases of drug development, catering to small molecule drugs, biotherapeutics, and medical devices.

What proprietary technologies does Inotiv offer?

Inotiv offers innovative tools like the Culex® automated in vivo sampling system, which enhances data collection for drug research.

What challenges does Inotiv face in its industry?

Inotiv faces challenges such as regulatory compliance, ethical concerns regarding animal research, and competition from other CROs.
Inotiv Inc

Nasdaq:NOTV

NOTV Rankings

NOTV Stock Data

103.98M
30.08M
13.48%
13.93%
5.66%
Diagnostics & Research
Services-commercial Physical & Biological Research
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United States
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