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Research model revenues up, but preclinical revenues fall
August 3, 2011
By: Gil Roth
President, Pharma & Biopharma Outsourcing Association
Charles River 2Q11 2Q Revenues: $288 million (flat) 2Q Earnings: $34 million (+125%) YTD Revenues: $574 million (-1%) YTD Earnings: $63 million (+105%) Comments: Revenues were up 7% in 2Q for the Research Models and Services (RMS) segment, to $167 million. Currency exchange accounted for all but 1.3% of that increase. Preclinical Services (PCS) revenues were down 9% to $110 million, due to a drop in demand by large pharma clients. Currency exchange accounted for 3% of the decline. For YTD, ...
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