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Charles River Labs plans to shed two facilities

Tue, 12/14/2010 - 9:38am
Mass High Tech: The Journal of New England Technology

Charles River Laboratories International Inc. will seek to off-load under-performing assets, including two facilities.

The Wilmington-based pharmaceutical and biotech services company said it would seek “strategic alternatives” for a U.S. Phase 1 research clinic and a pre-clinical research facility in China. The company said this would eliminate $10 million in losses from the two facilities.

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