Company type | Subsidiary of Labcorp |
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Industry | |
Founded | 1968 as Environmental Sciences Corporation; 1996 as Covance |
Headquarters | Burlington, North Carolina, U.S.; facilities in over 60 countries |
Key people | |
Services |
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Number of employees | 70,000+ (2020) |
Labcorp Drug Development presently known as Fortrea is a contract research organization headquartered in Burlington, North Carolina, providing nonclinical, preclinical, clinical and commercialization services to pharmaceutical and biotechnology industries. Formerly called Covance,[3] the company is a spin-off from Labcorp, which employs more than 70,000 people worldwide.[4]
Labcorp Drug Development offers services in the preclinical, clinical and post-market phases of drug development, the product life cycles for medical device and diagnostics and development services paired with regulatory support for the chemical testing and crop protection industries. Labcorp Drug Development claims to be a global leader in nonclinical safety assessment, clinical trial testing and clinical trial management services.[3]