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Charles River To Suspend Preclinical Ops in MA

Charles River Laboratories has decided to suspend operations at its Preclinical Services (PCS) facility in Shrewsbury, MA by mid-2010, once ongoing studies are completed.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Charles River Laboratories has decided to suspend operations at its Preclinical Services (PCS) facility in Shrewsbury, MA by mid-2010, once ongoing studies are completed. The company intends to resume operations when preclinical market conditions improve. Suspending operations at the facility is expected to cut costs by approximately $20 million in 2010, with an annualized run-rate of approximately $25 million. The company expects to record charges of approximately $7 million, primarily in 1Q...

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