Charles River Labs to acquire contract research firm for $800M

Charles River Laboratories, one of the state ’s largest life sciences companies, said it will acquire a Michigan-based contract research firm for $800 million. Wilmington-based Charles River Labs (NYSE: CRL) said Tuesday that it would pay $800 million in cash for MPI Research, a privately held firm headquartered in Mattawan, Michigan. It ma rks Charles River’s second deal for a contract research organization, or CRO, so far this year. Such companies do not develop their own drugs, but are paid…
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