Covance
Company

Last deal

$1.3M

Amount

Venture - Series Unknown

Stage

21.04.2015

Date

1

all rounds

$1.3M

Total amount

date founded

Financing round

General

About Company
Covance is a global contract research organization and drug development services company.

Industry

Sector :

Subsector :

founded date

01.01.1997

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Covance, the drug development business of Laboratory Corporation of America Holdings (LabCorp), provides a wide range of services to the pharmaceutical, biotechnology, and medical device industries. Their services include preclinical and clinical pharmacology services for early-stage development, as well as biomarker services and full management of Phase II and III clinical studies for late-stage development. In addition, they offer laboratory testing services to the chemical, agrochemical, and food industries. Covance is a market leader in toxicology services, central laboratory services, discovery services, and a top global provider of Phase III clinical trial management services. With their broad experience and specialized expertise, they have helped pharmaceutical and biotech companies develop each of the top 50 prescription drugs in the marketplace today. Covance works closely with their clients to create solutions that transform potential into reality, delivering high-quality nonclinical, clinical, and commercialization services to help reduce the time and costs associated with drug development.
Contacts
Sub-Organizations
1

Covance Research Products

Covance Research Products offers commercialization services to pharmaceutical and biotechnology companies.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Biotechnology, Pharmaceuticals, Medical
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total raised

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Subsector

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M&A Details
1

Transaction name

Acquired by

LabCorp

announced date

03.11.2014

price

$5.6B

Financials

Funding Rounds
1
1

Number of Funding Rounds

$1.3M

Money Raised

Their latest funding was raised on 21.04.2015. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
21.04.2015
$1.3M
Co-Investors
Acquisitions
3
Acquiree Name 
Date 
Price 
Acquisition Name 
Sciformix acquired by Covance

Sciformix acquired by Covance

acquirer

Covance
Covance

date

11.06.2018

type

Acquisition
Sciformix

Sciformix

Sciformix provides scientific knowledge-based services to the life sciences industry.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

Westborough, MA, USA

total rounds

1

total raised

$3.1M

Medaxial acquired by Covance

acquirer

Covance
Covance

date

19.05.2014

type

Acquisition

Medaxial

Medaxial Limited offers communication services to the healthcare industry.

Sector

Health Care Providers

Subsector

Health Care Services

Location

London, UK
Radiant Research acquired by Covance

Radiant Research acquired by Covance

acquirer

Covance
Covance

date

01.01.2006

type

Acquisition
Radiant Research

Radiant Research

Radiant Research, Inc. provides clinical research and development services to the biopharmaceutical and medical device industries.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Biotechnology, Medical

Location

Tempe, AZ, USA

total rounds

1

total raised

$11M

People

Founders
2
Bryan Lawlis
Bryan Lawlis

Bryan Lawlis

current job

Itero Biopharmaceuticals

organization founded

2

Bryan Lawlis

Michael J. Strauss

Michael J. Strauss is an accomplished physician entrepreneur whose career has focused on new medical technology, health policy, and business. From 2001 to early 2005 he was CEO of Naviscan PET Systems, Inc., a medical imaging company. Previously, Dr. Strauss was a founder and President of Covance Health Economics and its predecessor, Health Technology Associates, a premiere consulting, outcomes research, and services firm serving medical products manufacturers. The firm, which he led from 1988 to 1999, provided consulting services for the fields of product reimbursement planning, quality-of-life research, and market economics. He is a recognized authority on Medicare reimbursement policy and has worked successfully on coverage and reimbursement initiatives for implantable defibrillators, chemotherapy, vagus nerve stimulation, radiosurgery, and other advanced medical technologies. Dr. Strauss has an A.B. from Harvard College, obtained his M.D. from Duke University Medical School, and has an M.P.H. from the University of Washington School of Public Health. Dr. Strauss has served on the boards of multiple technology companies, both public and private, and a major health care provider. He currently consults for both medical technology and health insurance companies.

current job

Covance
Covance

organization founded

1

Michael J. Strauss

Employee Profiles
1888

Swaroop Yellapantula

Statistical programmer 2

Ruchi Mathur

Senior global study manager and client lead

Sanjay Dholakiya

Senior research scientist - biomarkers, bioanalysis and clinical sciences

Jessica Beasley

Senior operations manager, kit production

Bhawna Satija

Principal statistical programmer

John Carper

Business development director

Jan Raper

Associate director, payroll americas

Charu Munjal

Project manager

Activity

Recent News
0