Covance has been awarded an extended and expanded dedicated space agreement with a minimum value of $187 million, the largest contract in its history. This new contract effectively secures toxicology space for a client from 2007 to 2013 and will add approximately $150 million to the company’s second quarter backlog, the majority of which will be converted to revenue between 2009 and 2013. “For the second time this year, a company has decided to outsource a significant portion...