Breaking News, Financial News

Financial Report: Covance 1Q08

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Covance 1Q Revenues: $434.0 million (+15%) 1Q Earnings: $49.1 million (+26%) Comments: Early development revenues were $202.0 million (+13%) led by growth of toxicology and chemistry services. Operating income increased 16% to $50.6 million. Late-stage development revenues were $210.4 (+18%). Growth was led by performances in central laboratory (+30%) due to an increase in kit volumes and clinical development as well as a strengthening of the Swiss franc. Operating income was $38.9 mill...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters