Charles River bags a rival CRO player in $800M MPI Research buyout
The ongoing consolidation of the CRO business is continuing this morning as Charles River Laboratories $CRL wraps up an $800 million cash deal to acquire MPI Research, one of its biggest competitors in the preclinical sphere.
The early-stage specialists at Charles River saw a sweet lineup of discovery services at the 25-year-old MPI that fits with its own mission in the industry.
Charles River is a buyer in the CRO world. Just weeks ago it acquired KWS BioTest and its in vivo and in vitro discovery services for £15 million (roughly $20 million) up front. And it’s been wracking up a long string of acquisitions over the past few years as top players continue to carve out market share.
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