Healthcare

Charles River Laboratories International, Inc.

Company Profile Analysis

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Charles River Laboratories International, Inc. - Healthcare showcase

Year Founded & Workforce

1946-12-31

18,600 Employees

Industry

Healthcare

Services

C

Charles River Laboratories International, Inc. Overview

Company Headquarters: Massachusetts, US

Founded: 1947

Workforce: ~ 18,600

Company Working: Charles River Laboratories provides clinical testing and drug development services for vaccines, biosimilars, and medicines to treat several chronic diseases such as cardiovascular, skeletal, endocrine, central nervous system, cancer, and other diseases. It offers its services all around the world. The company operates through three segments, namely, Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Support (MS). The RMS segment sells research model strains and purpose-bred rats and mice for use by researchers. It also offers research models, genetically altered models & services, insourcing solutions, and research animal diagnostic services to help clients support the use of research models in research and screening of non-clinical drug candidates. The DSA segment provides early and in vivo discovery services, including toxicology, pathology, safety pharmacology, bioanalysis, drug metabolism, pharmacokinetics services, and safety assessment services, including toxicology, pathology, and safety pharmacology, bioanalysis, drug metabolism, and pharmacokinetics. In-vitro methods for conventional and quick quality control testing of sterile and non-sterile medicines and consumer products are provided by the manufacturing section. It operates in more than 20 countries, along with 90 sites around the globe.

Strategy

Charles River Laboratories’ strategy is to deliver a comprehensive and integrated portfolio of drug discovery and non-clinical development products. Provide services & solutions to support clients’ discovery and early-stage drug research, process development, scale up and manufacturing efforts, and enable it to bring new and improved therapies to market faster and more cost effectively. The company focuses on maintaining strong financial performance. The company follows inorganic growth model by acquiring companies operating globally with similar product portfolio. Apart from acquisitions, Charles River collaborates with research institutes and start-ups to develop innovative products.

Company Snapshot

$2,621M

Revenue

18,600

Employees

1946-12-31

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

  • Worldwide presence
  • Highly skilled workforce through successful training and learning programs
  • Diverse product range
  • Highly skilled workforce
  • Extensive experience in the industry

Weaknesses

  • Organizational structure is only compatible with present business model thus limiting expansion in adjacent product segments
  • Not highly successful at integrating firms with different work culture
  • More investment in new technology is required

Opportunities

  • Economic uptick and increase in customer spending
  • Opening up of new markets after government agreement
  • Increase R&D expenditure to drive innovations
  • Expansion into new market after government agreement

Threats

  • Intense competition
  • Strict government rules and regulations
  • New technological developments by a few competitors within the industry pose a threat to the company
  • Fluctuating foreign exchange rates

Product Offering

  • Charles River Laboratories International, Inc.
    • Pharmaceutical Analytical Testing Outsourcing Market
    • HERG Screening

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Charles River Laboratories International, Inc. as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Charles River Laboratories International, Inc.

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