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New owner for Envigo

Inotiv, a US CRO specialising in nonclinical and analytical drug discovery and development services, has reached an agreement to acquire research models and services Envigo. The cash and shares deal gives UK-headquartered Envigo an enterprise value of about $545 million, and the combined company one of around $1.2 billion.

Envigo and Covance in asset swap

Envigo’s Research Models Services business is to acquire the Research Products business of LabCorp’s Covance subsidiary, becoming a pure-play research models and services business. As part of the same transaction, Covance is also acquiring Envigo’s non-clinical research services business, expanding its services in that field.
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