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Share Name | Share Symbol | Market | Type |
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Charles River Laboratories International Inc | NYSE:CRL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 223.06 | 0 | 09:09:36 |
Initiative focuses on innovation, partnerships, and advocacy as part of $500 million investment in driving change
Charles River Laboratories International, Inc. (NYSE: CRL) announced today that it is launching its Alternative Methods Advancement Project (AMAP), an initiative dedicated to developing alternatives to reduce animal testing. The initiative aims to drive the new standard for drug discovery and development and encapsulates the Company’s initial $200 million investment over the past four years and its five-year goal of investing an additional $300 million. This investment spans a portfolio of technology innovations, partnerships, and advocacy efforts to reduce the use of animal testing.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240416134140/en/
Strategy to Drive Transformation
Understanding that stakeholders across drug development must collaborate to pursue these advances, AMAP is comprised of Charles River experts in animal welfare, science, technology, operations, and advocacy. Currently an internal initiative, AMAP plans to include partner organizations and funding to encourage collective efforts to innovate and bring best-in-class solutions to the forefront, industry-wide.
Building on the imperative to deliver on the 3Rs (Replacement, Reduction, and Refinement), Charles River has spearheaded the addition of the fourth R of Responsibility to capture its role in driving progress. AMAP delivers on this commitment to the 4Rs with a dedicated pursuit of scientific and technological innovation and by aligning the Company’s strategic efforts with the focus needed to advance animal alternatives. Grounded in the need to prove the scientific rigor, AMAP initiatives include research projects confirming the safety and efficacy of alternatives – ensuring patient safety remains the utmost priority.
AMAP focus is on three key pillars:
Through the adoption of digital technologies and AI, following advancements in science, and establishing relationships with industry changemakers, Charles River is dedicated to introducing innovative methodologies that reduce reliance on animal testing while bringing new therapies to patients faster without compromising safety.
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About Charles River
Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our dedicated employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them. To learn more about our unique portfolio and breadth of services, visit www.criver.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240416134140/en/
Investor Contact: Todd Spencer Corporate Vice President, Investor Relations 781.222.6455 todd.spencer@crl.com
Media Contact: Amy Cianciaruso Corporate Vice President, Chief Communications Officer 781.222.6168 amy.cianciaruso@crl.com
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