(CN) FW: Charles River Laboratories expands in China

[Guest guest]

Wed, 28 Mar 2007 15:40:30 -0500

" Rick Bogle "

primfocus: Charles River Laboratories expands in China

 

Friday, March 23 2007

 

Charles River Laboratories expands in China

 

Wilmington, Mass.-based Charles River Laboratories International, Inc.

announced it has signed a joint venture agreement with Shanghai BioExplorer

and that it will construct a preclinical facility in China.

 

The first phase of this expansion includes the signing of a joint venture

agreement with Shanghai BioExplorer Co., Ltd., a Shanghai, China-based

provider of preclinical services, to form Charles River Laboratories

Preclinical Services - China. The joint venture will be majority owned and

controlled by Charles River. The transaction is subject to customary closing

conditions, including Chinese regulatory approval, and is expected to close

by the end of the second quarter of 2007.

 

As part of this agreement, Charles River will construct a 50,000-square-foot

preclinical services facility in Shanghai. The facility, which is expected

to open in mid-2008, will provide a wide range of discovery and development

services, including GLP and non-GLP toxicology studies. These services will

meet the U.S. Food and Drug Administration's and Charles River's standards

for quality, as well as Charles River's stringent animal welfare policies.

Charles River intends to use its own research models in the new Shanghai

facility, which the Company believes will enhance the quality of the studies

performed there.

 

Source: Charles River Laboratories