Labcorp Drug Development Inc - Company Profile
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Labcorp Drug Development Inc (Labcorp), formerly Covance Inc, is a contract research organization that provides a wide range of early-stage and late-stage global product development services to the pharmaceutical, biotechnology, and medical device industries. Support from the parent and strong operational network advance its business objectives, even as private ownership restricts its ability to raise funds could be a cause for concern. Launch of new product, market potential for Alzheimer's disease, and a growing pharmaceutical outsourcing market could present ample growth opportunities to the company. However, increasing competitive pressures, rapid technological changes and changing government regulations could impact the operations of the company.
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